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IoT Security 2020 Trends: Solutions, Technologies, Challenges, Platform, Companies

written by Harshita Khangarot | Jan 20, 2020
IoT Secruity 2020

IoT Security Solutions

Imagine a world where connected devices will be more than human beings. Where devices will not just be in our pockets, but also in homes, offices, city, buildings, even in wearables. IoT has become the hottest trend in the market as it helps companies to reach the heights.

IoT provides the most vital and efficient IoT security solutions that stand out every time and provides easy to use options that improve customer experience. Nowadays, if witnessing the growth, IoT security solutions 2020 are giving a clear view that is embedded into every industry be it healthcare, education, automobile or any other leading companies.

The term Internet of Things (IoT) first time was announced by a British technologist Kevin Ashton. He explained it as a connector that connects people as well as things around them. All of the devices collect and share the data from the environment around them and from the way they are using it.

A report by Fortune Business Insights indicates that the global. The market for IoT, which was valued at $190 billion in 2018, is forecasted to reach $1.11 trillion ($1111.3 billion) by 2026 at a 24.7% compound annual growth rate (CAGR).

iot security solutions

With the advancement of technology, IoT is boosting artificial intelligence, machine learning, robotics process automation, and business intelligence.

What is IoT Security?

What is IoT Security

IoT security is all about ensuring the safety of both the network from IoT devices are connecting and the physical IoT devices. It must protect networks, data, and systems from various security attacks that target vulnerabilities. IoT security 2020 now has become subject of perusal after various security threats to giant networks with the help of some basic IoT devices. According to IoT 2020 predictions, security will be a top concern for IoT developers.

With the number of IoT devices expected to surpass 20.4 billion by 2020, the IoT attack surface continues to expand. (Source)

Here are must-have IoT security 2020 features that everyone must implement security measures more carefully. 

  • Security Trust and Integration
  • Embedded the security Measures
  • Always a Test
  • Enable two-factor Authentication
  • Device Firmware Security
  • Minimize the Sensitive Data

A malicious computer worm called Stuxnet was responsible for causing substantial damage to Iran’s nuclear project. This was a clear case on the Internet of things security issues. The attack was intended to sabotage the uranium enrichment facilities in Iran.

STUXNET was developed specifically to target PLCs responsible for extracting nuclear material. STUXNET was designed to gain control of the PLCs connected to a computer running on Windows OS. It was installed inside the computers through an infected USB device and had the ability to control thousands of factory assembly lines and centrifuges. (source)

IoT Security: Top Companies

Here is the list of top IoT security companies. 

    • Armis

    • Bastille

    • IBM

    • RAPID 7

    • Bosch IoT Sensor Company

    • CENTRI Technology

    • Cradlepoint

    • Fortinet

    • Trend Micro

    • Xage Security

IoT Security: Solutions

  1. Secure IoT devices and networks with TLS (Transport Layer Security)
  2. Need for digital certificates to send a public key directly.
  3. Use SSL (Secure Socket layer) for secure, private, and end to end communication.
  4. Use multi-dimensional security analytics for IoT devices and networks.
  5. Always verify device authentication using biometrics, two-factor authentication, and digital certificates
  6. Some of the ways to protect the IoT system from damage are disabling device backdoor channels, hardening, firewalls, and lightweight encryption.

IoT Security: Technologies used 

Keeping the security of IoT in mind, here is a list of the top security technologies used for the Internet of Things 2020.

According to Statista statistics website, security units in the European Union (EU) were at 40.3 million units in 2017, and it was expected that it would reach 119.3 million units by 2025.

iot security technogies

1. Network Security 

Because of the broader range of device capabilities, standards, and communication protocols, that pretend remarkable issues and increases complexity, IoT network security has become a bit more burdensome than traditional network security. IoT networks are moreover wireless, and according to IoT Security trends 2020, more firewalls and intrusion detection and prevention systems will be on the market.

2. Brute Force Protection

Brute force protection is about detecting and preventing remote hacking by reducing the number of attempts by a hacker on an IoT device. All the authentication methods work as a defensive structure. System block and blacklist the malevolent IP addresses where the brute force attack detected.

3. API Security

Application programming interface (API) security is crucial to protect the integrity of data transmission between back-end systems and edge devices. To make sure that only authorized developers, devices, and apps are communicating or establishing a connection with APIs, also detecting potential attacks and threats against specific APIs.

4. Threat Prediction and Security Analysis

IoT 2020 security detects not only security-related device anomalies but also predicts future security threats. It helps to collect, monitor, aggregate, and normalize data from IoT devices. Technologies like machine learning and artificial intelligence improve these capabilities.

Challenges of IoT Security

With the development of technology, more and more IoT devices are coming into the market day by day with unique features. So apparently, there will be more unique challenges with these devices. According to IoT Security trends 2020, IoT developers will face more challenges.

1. Lack of Encryption

Encryption is the most efficient way to keep away hackers from accessing data. Data theft is the most significant security challenge for IoT developers. Numerous IoT devices have limited storage and memory. That results in the lack of encryption because these devices are not able to perform sophisticated encryption and decryption that makes it easier for hackers to breach in these systems.

2. Excess of Botnets

A botnet is nothing but a strand of multiple connected computers to execute a task. But in recent times, there is a considerable increment in numbers of botnets among IoT devices. The hackers use these botnets for illegal purposes without coming into the knowledge of any organization because most of the organizations do not have any real-time security checks to track these activities.

3. Malware and Ransomware

As the number of IoT devices is increasing, malware and ransomware are also expanding to exploit them. The traditional ransomware was dependent on encryption to lockout a user from other devices. But now, with the advancement, they are becoming hybrids and merging different attacks. That is more dangerous than traditional.

4. Artificial Intelligence and Automation

IoT devices have secured their role in our daily lives. Artificial intelligence tools and automation are used to strain the bulk amount of data. It can help hackers to detect traffic patterns and data. Automation is used all over the infrastructure like Transportation, healthcare, power, and many more. Think about the criticality if there is a single error.

Read more about IoT Automation Solutions

5. Untrustworthy Threat Detection Method

Organizations have multiple IoT devices and detection methods to detect security threats to the system. Because of the growing number of IoT devices with their complexities, the standard detection methods fail to identify all of the security threats. Hence they are moreover untrustworthy and full of challenges.

IoT Security: Platforms

IoT Security Platforms

The Internet of Things (IoT) Provides both Business intelligence as well as Individual Intelligence with the help of meaningful data. According to IoT market trends 2020, these the best IoT platforms to watch out for.

1. Google Cloud Platform

Google cloud helps to improve operational efficiency by providing a multi-layered secure infrastructure. It provides solutions for smart buildings and smart cities as well as real-time tracking of assets. With google cloud platform sharing, managing, and Organizing documents is easy. Also, it can work with all operating systems.

2. Salesforce IoT Cloud

Salesforce IoT Cloud will help transform all the data into relevant actions generated by the devices, sensors, partners, and customers. Salesforce IoT cloud has connector partners like Cisco Systems, AWS, etc. It provides ease of use and an appealing user interface.

3. IBM Watson IoT

IBM Watson IoT platform will help you to investigate and detain the data for equipment, machines, and devices. IBM Watson IoT platform is affordable and integrates various excellent features and functionalities. It also provides a bidirectional communication facility, which helps to increase revenue.

4. Amazon AWS IoT Core

Amazon AWS IoT Core can process the vast amount of messages by connecting the device to the cloud. Even without any connection, your application to track and communicate. AWS provides support to MQTT, HTTP, and lightweight communication protocols. The only drawback is, it is a bit costly compared to other platforms.

5. Microsoft Azure IoT Suite

Microsoft Azure provides an open platform so that you can build a reliable application. Beauty to use Microsoft Azure is either beginner or export; no one faces difficulty while using it. Both can efficiently operate it. Apart from this, a free guide is also provided to learn to build an application. It can be used in any field, from manufacturing to retail.

IoT in various sectors

Around half of the population if the world is connected to IoT. The number will inevitably increase in the future with the population as well as there will be lots of emerging factors in IoT. Here we will discuss some of the latest IoT trends 

  • Cloud computing
  • Energy and resource management
  • Smart cities
  •  Manufacturing
  • Retail
  • Logistics and Transportation
  • Healthcare
  • Automotive
  • Agriculture
  • Smart Homes

Conclusion

Everyone wants to make their life easy, and IoT devices provide that ease. Even our government is also taking the initiative in the IoT field and pushing for the adoption of IoT with smart cities development, traffic, and healthcare. Some of the emerging IoT trends in India are “Make in India” and “Digital India.” Based on IoT market trends 2020, IoT will be the fastest developing technology, but some security concerns with IoT devices. Most of the companies are coming up with advanced solutions be it healthcare, automobile or smart home IoT security solutions, these are proven beneficial for mankind in our everyday lives.

In order to secure IoT devices from security threats, a robust, advanced, and secure layer of protection is required around the IoT device. If we see on the positive side of the Internet of Things, then it is good for us, industries, businesses, and in many more aspects, it is helpful. If the progress of IoT devices will increase like it is in today’s so, with the technology, developers will find new and effective ways to secure and make them more reliable the IoT devices in the future.

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Harshita Khangarot

A skilled content writer and a lifelong learner with an ongoing curiosity to learn more, I specialize in technical, banking, hospitality, and poetry content writing; while taking every opportunity as a responsibility and believe in creativity that is beneficial for society.

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