Handling Security Issues, Slowing the Internet of Things

The potential of the Internet of Things (IoT) is becoming increasingly exiting for the IT industry, but this excitement carries a hidden danger, according to a report from HP.

HP is not the only one voicing concerns: FTC in the US is taking a closer look at the IoT and Ofcom in UK is investigating a framework for the technology, so that it develops in ways that is benefiting for consumers.

HP's concern is that, as soon as one security issue is solved by the IT industry, it moves on to create another one.

In a recent article, HP's Daniel Miessler states 'It seems that every time we introduce a new space in IT we lose 10 years from our collective security knowledge,'. Daniel Miessler heads the research team at HP Fortify on Demand and is a leader in OWASP Internet of Things Top 10 Project. He further says, 'Around 10 years ago we started talking about applications being the horizon technology, and we proceeded to build a global application portfolio ignoring the security lessons learned from the network world'.

'Then, five years ago, we decided that mobile was the real place to be. So everyone started building mobile apps while ignoring everything we've learned from securing web and thick-client applications', he said.

The issue concerning him now is that if they continue with this trend, they will have a new space that ignores web application security as well as mobile security lessons, but it can get much worse than that.

IoT is not just considered a new insecure space, he said, 'It's a Frankenbeast of technology that links network, application, mobile and cloud technologies together into a single ecosystem, and it unfortunately seems to be taking on the worst security characteristics of each'.

In a recent IoT security report, HP Fortify on Demand surveyed 10 devices through multiple product types and found that on an average there are 20 vulnerabilities present in every system. These products spanned TV's, home automation hubs, thermostats and alarm systems.

In terms of dealing with these issues practically, Miessler points at the work of Open Web Application Security Project (OWASP), which has come up with 10 key issues. They are:

• Insecure web interfaces
• Insecure mobile interfaces
• Insufficient authentication and authorization
• Insecure cloud interfaces
• Insecure network services
• Privacy concerns
• Lack of transport encryption
• Insufficient allowance for security systems configuration
• Poor physical security
• Insecure firmware and software

 After considering the possible external threats, the next step is to look at internal weaknesses. For example, when weak passwords are used, an organization's authentication will not be sufficient. 

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Analyze World Encryption Software Market Trends and Predict 2019 with Applications and Deployment

The encryption software market is growing in popularity mainly due to the new trend of Bring Your Own Device (BYOD). There is a huge demand among organizations these days, to increase efficiency by safeguarding data transfer across mobile devices, with the help of emails.

Although encryption software market provisions have influenced both the user segments of enterprises as well as SMBs, there are some factors that confine growth in this market. For example, increase in organizational overhead expenses slows the process of its adoption. Also, expansive heterogeneity in devices platform augments the issue of functional interoperability among encryption solutions.

Taking this into consideration, the report further identifies the latest trends and patterns boosting the progression in the encryption software market in all regions.

The working ways of organizations are changing with extensive technological advancements like mobility and cloud. Diverse technological progressions such as social media, mobility, cloud and PC's, have been incorporated in businesses and they have led to growth in the data being generated across companies. Mobility is being used for superior productivity and this fact is quite evident from the widespread usage of mobile devices in businesses. Thus, the extensive usage of mobile devices such as tablets, smart phones, as well as removable media that accesses and transmits business data, increases the chances of data loss and breaches. This encourages adoption of data security solutions and Mobile Application Security across organizations. Also, the increasing security apprehensions in accessing business information and transfer of data across devices, calls for more security solutions.

Moreover, the adoption of encryption software is protected because of the evolution of authorized regulatory standards connected to data transfer and its security, which needs to be adhered with diverse industry verticals such as PCI DSS for BFSI and HIPPA for healthcare, as these solutions follow certain regulatory norms and facilitate secured access to data. Therefore, the development of these solutions further increase the demand of encryption software around the world.

Nowadays, organizations are taking up data security solutions to embrace flexible work culture in a secure way. It allows flexibility in work patterns for employees and increases productivity for companies.

Market sizing and forecasting exercises take different assumptions into considerations. Some of these assumptions include economic, political, technological, social and economic factors. The forecasts in emerging regions are expected not to be seriously affected because of the market fluctuations.

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