Securing the Internet of Things appears to have advanced well beyond default factory settings to include data and network security features baked into IoT components as well as comprehensive approaches such as blockchain cryptography. The latest study by an IoT industry group found that data security along with network connectivity were key challenges as the technology moves from the concept to deployment phase.
Complicating deployments is the need to balance network availability with data security, prompting some early adopters to consider security “tripwires” as they roll out IoT deployments. The industry group IoT World reported this week that more than 70 percent of its members are designing security features into network devices.
More than half are enforcing security policies. Another emerging security approach would combine IoT with blockchain cryptography.
The IoT survey found that 46 percent of respondents are considering blockchain technology to secure their IoT deployments. Along with data encryption, early investors are looking to the distributed ledger technology as a way to reduce security breaches.
These attributes are increasingly seen as a way of building user trust as the security flaws inherent in centralized systems are exposed on a nearly daily basis. The combination also highlights the potential for creating what one expert—Christian Catalini, an assistant professor at MIT—calls “a distributed marketplace and will enable new types of digital platforms.” “The centralized enterprise security model is struggling to meet the demands of IoT, but blockchain’s decentralized nature offers [scale] with stronger data protections,” the IoT survey noted. Read more from enterprisetech.com…
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