IoT Security: The Key to Building Trust

IoT adoption is growing faster than ever, with some market researchers predicting 25.2 billion IoT devices will be connected by 2025. This exciting forecast means that connected devices will collect and exchange greater volumes of data than ever before, making trust a critical component to ensuring success in IoT projects. One of the most crucial elements of building trust is IoT security.

Lack of Trust Holds Back IoT Adoption

Security remains a primary concern for companies looking to deploy IoT solutions. According to the Beecham Research report, “Why IoT Projects Fail,” 62% of organizations cite security concerns as the main challenge to getting Industrial Internet-of-Things (IIoT) initiatives past the proof-of-concept stage.

Cybersecurity and data privacy risks can have disastrous reputational and financial consequences. With so much at risk, trust is important for organizations to deploy and scale innovative IoT solutions successfully.

Security by Design Builds Trust

Security by Design, also sometimes referred to as “built-in security,” is central to building trust in IoT solutions. The basic principle of Security by Design is building security into an IoT solution from the outset. When security is considered and implemented during the initial strategy and design phases of IoT deployment, it helps identify and secure potential points of vulnerability.  

The key to implementing Security by Design is identifying and mitigating potential threats before production. This can be done through a method known as STRIDE threat modeling, which covers six categories of security threats, including spoofing, tampering, repudiation, information disclosure, denial of service, and elevation of privilege.

Intelligent IoT Security Solutions

IoT security solutions are critical to ensuring that sensitive data doesn’t end up in the wrong hands. Detecting network outages, network traffic bursts, and denial-of-service attacks to resolve issues proactively is made possible through real-time traffic monitoring and endpoint management.

Intelligent security solutions for IoT projects include virtual private networks, mobile device management, and real-time network diagnostic tools. When implemented through Security by Design and with the help of experts in IoT security, these solutions provide a granular view into device behavior that secures digital assets while building trust.  

Download our eBook, "A Guide to Security by Design for the Internet of Things," to learn how building security by design at the outset can help deliver secure, future-proofed IoT solutions.