It is expected that roughly 20 billion devices including PCs, laptops, tablets, smartphones, household appliances, hospital equipment even cars to be connected to the Internet by the end of 2020. Though it sounds fancy in theory, it might be a headache from the security.
Considering the current growth rate in the IoT sector, it will not be wrong to say pretty soon an astounding new product will seize the market. This will attract the attention of the attackers. Cyber security expert Bruce Schneier fears that the breach might target the connected cars in particular. The fact that everything gets connected to the internet is just amplifying the level of hazard.
This matter of fact is just a game of numbers, the effectiveness of criminals is inversely proportional to their number is what society can just handle. At a point of time, you will need more security ten you can handle. As more and more devices go online such as Cars, Power Plants etc. the more disastrous the attack will be.
There is a fundamental problem with the approach of not investing more on security on a product that might not impress the public. That’s because the IoT market is just in its infancy. There is still a lot of space for this new industry to grow and as it grows so is the risk.