The rapid proliferation of Internet of Things (IoT) devices in the past few years has been unprecedented. It is estimated that the number is going to touch 125 billion by 2030! What’s more is that the combined market size for IoT devices will reach $520 billion by 2021. Internet-connected devices now rule the digital landscape and are more than set to revolutionize the way we humans live, work, and play.

But what is the Internet of Things, and should we be concerned about security threats? Here’s your 2020 primer on beefing up IoT security in 2020.

What is IoT and What are the Security Risks in 2020?

Put simply, the IoT encompasses all devices connected to the internet and to each other. It is the interconnected behemoth of devices and people linked to each other through the internet.

Considering the fact that many IoT devices are online every minute of every day, this makes them particularly vulnerable to DDoS botnet conscription. Because IoT devices utilize backend connectivity, they can easily be used as entry points by skilled hackers to compromise home or enterprise networks.

We’re in 2020 now and 5G is close to becoming a widespread reality. While this may be good news, it also means IoT devices—which more often than not have long shelf lives—that end up becoming obsolete will remain insecure over long periods of time. Hackers can exploit the increased 5G connectivity on these vulnerable devices for their own gain.

Prioritize API Security

According to Security Boulevard, API security is a growing concern in the IoT world. 2020 will see API abuses as one of the more prominent ways through which data breaches will be made. According to Gartner, 2022 will see APIs becoming the top attack vector.

The only way to protect from API attacks is to increase spending on cybersecurity protocols and measures to counteract the increased risk IoT-related risk.

If you require state-of-the-art and reliable cybersecurity measures to protect against attacks on IoT, look no further.

Here at Lean Security, we are at the forefront of effective security solutions for IoT devices. We help companies to prevent theft of personal, financial information, and costly data breaches from unauthorized parties.

We are professional penetration testing service providers that can help secure your APIs through thorough API penetration tests. If you require web application or mobile application security and penetration testing, we provide that as well.

Contact us today on +61280786952