A
recent study conducted by digital security firm Gemalto found that only48% of IoT companies can accurately detect if their devices had
experienced a breach, while 59% of
respondents are uncertain as to who is responsible for their IoT security.
Issues
such as undetected malware, data leakage and hackers controlling devices
remotely continue to persist, resulting in blockchain
technology attracting more attention as a viable solution.
IoTeX is one of the companies at the forefront of
providing a solution through their ‘blockchains within a blockchain’
architecture. The protection they are able to provide is based on cryptography
designed to be a one-way function that cannot be re-engineered, thus providing
much needed security from hackers.
Comments
One point that I have flagged is that while many commentators talk about IoT as if the hardware is the main feature, it is in fact the software that really provides the value.
Much of the hardware needed for IoT has become very cheap to buy, a factor that has helped drive applications.
But this can come at a price, as cheap hardware often either has poor security or it comes with a fairly open default option.
It is my expectation that the growth of IoT applications will drive a parallel growth in demand for cyber security tools.
Thales has bought Gemalto a few months ago
Thales is a European expert in cybersecurity and defense.
As I turn more cautious on financial markets, this is definitely a company to look at !
