IDG Contributor Network: Best practices for IoT security

The Internet of Things (IoT) is projected to grow significantly over the coming years. Research firm Gartner Inc. has estimated that 8.4 billion connected things were in use worldwide in 2017, up 31% from 2016, and expects the number to reach 20.4 billion by 2020.

This growth is being driven by the promise of increased insight, enhanced customer satisfaction, and greater efficiency. These benefits are made possible as sensor data from devices and the power of Internet-based cloud services converge. One of the key concerns related to the successful adoption of the IoT is having sufficiently strong security mechanisms in place throughout the ecosystem—to mitigate the increased security risks of connecting devices to the Internet.

Consider the sheer number of IoT devices that will be connected to the Internet and how much data will be generated by those devices. By 2025, the IoT is projected to have 75.44 billion connected devices. By that time, nearly a quarter of the world’s projected 163 zettabytes of data will have been created in real-time and 95% of those data will have been created by IoT devices.

The IoT is expected to have a staggering economic impact, as much as $8.9 trillion by 2020. Couple that with the rapidly evolving cyber-threat landscape, and it’s easy to understand why many experts are as concerned about the risks as they are enthusiastic about benefits of the IoT.