: Ensure the security of your business #IndiaNEWS #Contributor Technology plays a great role in our lives. From communication devices, TVs, health monitoring equipment, or smart home equipment, technology

Ensure the security of your business #IndiaNEWS #Contributor
Technology plays a great role in our lives. From communication devices, TVs, health monitoring equipment, or smart home equipment, technology is everywhere around us making our lives easier and more convenient.

The Internet of Things has made a big impact not only for individuals but also for businesses by improving productivity and efficiency throughout the entire business operations. Although it is true that it brings various benefits into our lives, the truth is that it can also bring risks. Cybercriminals can use these devices and their internet connection to access your confidential data.

Benefits of IoT devices and systems

Due to its convenience, IoT devices are already widely used in businesses in the forms of security cameras, voice assistants, smart locks or badge readers, HVAC controls, printers, lighting systems, and much more. According to the Global data research, the internet of things (IoT) market by revenue will be worth . 1 trillion by 2024, with the possibility of COVID 19 speeding up the growth. It is time for businesses to accept the fact IoT is here to stay and implement it into their operations.

The major benefits these smart devices can bring to your business are:

Increase in the productivity and efficiencyCreating new business opportunitiesReducing human laborEnabling better use of resourcesImproved work safetyDriving marketing developmentImproving customer service and reducing user frictionReducing costsEnsuring mobility and flexibility

Threats IoT devices are facing

Many business leaders presume that IoT devices are secure and cant cause any significant damage as they have limited access, forgetting that not only they are connected to the internet. But in most cases, they are also connected to the other devices in your business operations. In the first six months of 2021, there was a more than 100-percent growth in cyberattacks against internet-of-things (IoT) devices, with 1. 5 billion attacks. Any device that is connected to the internet can deal a fatal blow to the company. As cybercriminals can use it to access your entire system and your confidential data.

Vulnerability exploitation

Every software, app, and programming can have some security vulnerabilities which cybercriminals can exploit for their malicious purposes. While the software developers are constantly working on ways to fix those vulnerabilities. Cybercriminals keep coming up with new methods like code injections or cross-site scripting to exploit them.

Malware attacks

By using malicious software cybercriminals can gain access to your IoT devices and use that access to destroy your data or damage the device.