The Internet of Things market resembles the wild west with its rapid, chaotic growth and lack of effective oversight or security.
Gartner estimates there will be 26 billion IoT devices connecting to the Internet by 2020 – an almost 30-fold increase from 0.9 billion in 2009. IoT device manufacturers and enterprise security providers face an enormous challenge trying to scale up the process of identifying and authenticating those devices.
The confidential user data IoT devices collect and share fall under the same strict laws and regulations governing data security that all IT systems do, be they laptops, on-premises databases and cloud computing platforms. Adopting a “Secure by Design” approach to device manufacturing, and prioritizing users’ privacy are key components in fostering transparency, responsibility and accountability in this Age of IoT.