1.Unsafe data storage and transmission.
Communication between different smart devices in the IoT network is developing rapidly as more and more users use cloud storage. It offers great convenience especially for companies that focus on smooth communication in order to increase the efficiency of their activities.
However, this high-tech solution faces the potential security risks of hacking each time data is received, transmitted, and stored on wireless networks. Why?
Simply because of the lack of access control and encryption before any data is transferred to the IoT system. That is why it is so important to make sure that data transmission and storage are secure with network security management tools such as firewalls.
2. Lack of global risk standards.
When IoT partners want to collaborate strategically, it can create tremendous value for consumers. The problem that arises, however, is thinking about shared responsibility with regard to the security of huge ecosystems, where the related management enforcement will not always work. The larger the IoT ecosystem, the more likely security breaches are which can break the cooperative mindset.
Nevertheless, global standards are already underway, but it will most likely take years before we actually adopt them in real life. This leaves technology leaders and entrepreneurs no choice but to continue working on the development and implementation of their own safety standards without the aid of global regulations.
3. No physical hardening.
Since the very beginning, the lack of physical hardening has been a great concern for devices within IoT systems. The whole idea behind IoT devices is that they are deployed remotely, which means there is no way to implement appropriate security measures on devices that are constantly exposed to possible physical attacks from the surface.
Let's take a look at an example from real life. In a smart device with a memory card, hackers can remove the said card and gain access to sensitive data, which may lead to enabling them to access other systems of higher importance.
4. Low user awareness.
Today's users are already familiar with the various forms of cybersecurity threats when using computers and mobile phones. However, IoT is a new technology that many users are still learning about, discovering its functionalities as well as potential threats.
Therefore, consumers, manufacturers, and even companies continue to pose one of the biggest threats to IoT systems as they can become the target of hackers who will use their inexperience to their advantage.
5. Neglecting to update the firmware.
IoT systems are vulnerable to security breaches due to various bugs. Therefore, manufacturers must constantly work on firmware updates to ensure the security of smart devices.
However, if users fail to install updates due to a lack of will or low transmission speeds, the IoT ecosystem becomes more vulnerable to cyber-attacks.
