Devices with lightweight (software-based) IoT security or weak encryption – about 70% of devices in use today – are vulnerable to cyberattacks, putting the privacy of businesses and individuals at high risk. Appropriate IoT device security are not optional anymore!
IoT Device Security No Software Can Provide
IoT Attackers Target IoT Devices with the Weakest Encryption
IoT Encryption is Key. Literally.
Attacks that are meant to just annoy are the past. In today’s profit-driven world, well-organized groups aim to steal confidential information stored or published by IoT devices or hack into other systems through unsecured IoT devices, causing major privacy issues and billion-dollar losses.
Consequences of Insufficient IoT Device Security
Security breaches regularly make news headlines. Distributed denial of services (DDoS), man-in-the-middle attacks, firmware reverse engineering, spoofing or false identity are just some of the threats IoT systems are facing. These attacks lead to disrupted services, data theft, liability claims and cause measurable revenue loss and brand reputation damage. Studies show that IoT data breaches cost an average of $3.8 million, while a single compromised IoT device could cost $225 in detection, notification and lost business costs.
Let’s imagine that someone breaks into your house via your fish tank’s connected thermometer? Sounds crazy? Even in a high security environment like a casino it has happed. Do you think your system is safer?
It’s no surprise that IoT device security is the #1 reason companies decide against connecting their devices and platforms to the Internet.
Created With IoT Device Manufacturers In Mind
SYMB.IoT can be attached to any already existing IoT device or can be easily integrated during the product design phase. Integrating your IoT devices with SYMB.IoT key server provides the best IoT device security and IoT device encryption available today and in the coming decades.
Don’t risk the consequences! Secure your IoT devices with hardware-based IoT encryption, secure key management and device lifecycle management!