Exploring the Latest Trends in IoT Security

Exploring the Latest Trends in IoT Security

As our world becomes more connected, keeping up with the latest trends in IoT security is a must for businesses aiming to boost efficiency, enhance customer experiences, and stay ahead of the competition. Let’s dive into the key trends shaping the IoT landscape today and how we are working to make it more secure, from advancements in AI to post-quantum cryptography and cyber resilience.

AI: The Double-Edged Sword

AI is evolving at lightning speed, and with it comes both opportunities and challenges. On one hand, AI can be a powerful tool for good, but on the other, it’s being used in sophisticated attacks. Companies are now figuring out how to use ‘AI for Good’ to fight against ‘AI for Bad’. Ensuring ethical and secure use of AI is crucial, and trusting the data from these devices is a big part of the puzzle. In fact, a report from Capgemini revealed that 69% of organizations believe AI will be necessary to respond to cyberattacks, as traditional methods are not fast enough. Additionally, IBM found that 53% of organizations see data breaches as the most significant security challenge, underscoring the importance of data trust in AI applications.

Device Authority is at the forefront of this movement, providing top-notch security measures that protect data integrity and privacy. Our KeyScaler AI uses AI and Machine Learning to beef up device security, visibility, and incident response. This helps us mitigate risks and foster a safer, more beneficial IoT ecosystem.

IoT/OT Convergence and the Evolving Role of CISOs

The blending of IoT and Operational Technology (OT) is transforming the industrial landscape, merging physical systems with digital intelligence to drive efficiency and innovation. However, this integration brings new security challenges. Digital threats can now have physical impacts, and Chief Information Security Officers (CISOs) are taking notice. Their role is expanding from just IT oversight to safeguarding both IT and OT environments. New regulations and expectations, such as those from the SEC, are pushing CISOs to have greater visibility across the business. Gartner predicts that by 2025, 60% of CISOs will be responsible for security across IT, OT, and physical security converged environments, up from less than 20% in 2020.

Device Authority’s KeyScaler plays a key role here, offering advanced identity and access management solutions that secure devices and data across integrated IT and OT networks. This ensures a cohesive and secure operational environment, helping CISOs navigate this complex landscape.

Post-Quantum Cryptography and Cyber Resilience

Post-Quantum (PQ) cryptography and cyber resilience are becoming crucial in the IoT market as we prepare for future quantum computing threats. PQ isn’t mainstream yet, but it’s on the verge of breaking through. This makes crypto agility—the ability to quickly revoke and renew credentials—more important than ever. A study by the Global Risk Institute found a 50% chance that quantum computers capable of breaking current cryptographic techniques will be available by 2031, and a survey by ISARA Corporation indicates that 91% of security professionals believe crypto agility is important to protect data against these future threats.

Device Authority’s partnership with Entrust is a big step forward, leveraging advanced PQ cryptographic solutions to enhance the security and resilience of IoT infrastructures. We’re getting ready for the quantum era, ensuring our clients are prepared for what’s next.

Securing Critical Infrastructure

Securing critical infrastructure is a top priority, especially with the rise in attacks on military and civilian systems. Government-based adversaries pose a real concern, making robust security measures essential to prevent disruptions and ensure public safety. The World Economic Forum reported a 31% increase in cyberattacks targeting critical infrastructure between 2020 and 2021. Additionally, a study by the Ponemon Institute found that 56% of organizations involved in critical infrastructure have experienced attacks they attribute to nation-state actors.

Device Authority’s partnership with VIPC and our broader partnership ecosystem strengthen the security of critical infrastructure. We provide advanced IoT security solutions to guard against emerging threats, ensuring these vital services remain resilient and reliable.

Wrapping Up

As the IoT landscape continues to evolve, staying ahead of security trends is key to maintaining efficiency, customer trust, and a competitive edge. Device Authority is committed to leading the charge in IoT security, providing the tools and solutions necessary to navigate these changes confidently. By leveraging cutting-edge technologies and strategic partnerships, we’re securing a connected future for all.