Internet of Things Security

The security of the Internet of Things is at stake

It has been quite a while since the end of 2018. And that is why in the news you can still see a whole stream of companies that show the figures of the past year. Gemalto Corporation was one of the last to follow this trend. The organization recently published a report in which it confirmed that the use of blockchain technology to protect Internet of Things (IoT) devices doubled in 2018. A recent survey published by the company confirms that usage has increased from 9% in 2017 to 19% in 2018.

The numbers are striking given the fact that the past year was one of the hardest for the industry. The company interviewed 950 experts from the technology and business industry around the world to collect data for its research. In the course of the survey, the corporation found that 23% of people believe that blockchain can be an ideal option for the development of the IoT sphere. Another interesting conclusion is that 91% of companies that have not yet used blockchain in their activities are ready to consider the possibility of its implementation in the future. In addition, 90% of organizations believe that IoT device security is a fundamental feature for the buyer. 79% of respondents also believe that the authorities should develop regulatory measures to enhance the safety of equipment.

How about the security of the Internet of Things?

Jason Hart, CTO for Data Protection at Gemalto, took the opportunity to talk about the state of blockchain regulation during the presentation of the survey results. He confirmed that there was a great need for clarity in the control of the industry. According to him, businessmen are starting to be under pressure because of data protection. He believes that investment in additional security measures is much more important for the market now.

The issue of IoT device security is really acute. For example, in the late December 2018, analysts of Nokia Corporation presented the Cybersecurity Threat Intelligence Report 2019. According to him, in 2018 IoT botnets reached 78% (of all cyber threats) — twice as much as in 2016. Experts assume that in 2019 the figures will only grow. By the way, in November, Bosch released equipment capable of collecting data of Internet of Things devices in real time and selling them on the market of data IOTA, the company said in a press release. The giant telecom China Mobile also distinguished itself with its presentation of the value of blockchain technologies in everyday life. The company introduced the IoT module and chip embedded in the water purifier, which will register and send data to producers and suppliers for which users will receive tokens. However, despite all the positive aspects of the technology, its implementation is still in very early stages. This means that there are many opportunities for growth, but at the same time it implies a lack of regulation.