The cellular IoT market forecast is to grow from 2022 to 2027, growing at a CAGR of 23% during the forecast period. The approach is used in IoT-based smart city architecture infrastructure, and building automation is a significant driver of market growth. It enables various IoT devices in smart cities, including smart parking, street lighting, intelligent street lighting, traffic detection, waste disposal, and parking management.

The biggest cybersecurity threats in the world today will only increase as people increasingly rely on digital technology to share information. The advent of IoT technology can make cyber fraud part of the solution. 

How Does IoT Enhance Security?

The proliferation of Internet of Things (IoT) devices has transformed multiple industries, bringing unprecedented connectivity and convenience. However, with increasing connectivity comes concerns about network security, which is essential role.

In this informative session, we unveil how IoT privacy and security help decrease cyber threats.

1- Advanced network monitoring

Business organizations should consider implementing IoT devices to gain better visibility across the network that can quickly identify unusual behaviour or potential security breaches.

2- Strong authentication and access control

By integrating IoT products, organizations can implement multi-factor reliable authentication methods that combine traditional credentials with biometrics or physical tokens. It acts as an access control point, granting or denying network access based on predefined policies and user authentication status.

3 - Centralized management of IoT devices

Organizations can leverage centralized IoT applications management platforms that simplify the deployment, monitoring, and backup of device firmware updates. With secure boot processes, encrypted communications, and ongoing vulnerability assessments, mitigate security issues for cyberattacks.

3- Benefit from threat intelligence and analysis

IoT devices collect data, providing valuable insights using machine learning and artificial intelligence algorithms to identify patterns and predict potential security breaches. 

4- Segmentation and isolation

Two separate networks and one internet connection can be crucial, isolating critical infrastructure and sensitive data from less secure IoT devices. Institutions can prevent unauthorized access by implementing strict access controls and traffic monitoring on each component.

5- Collaborative Security Ecosystem

IoT privacy and security components integrate to share threat intelligence and real-time security updates. Information sharing and cooperation strengthen collective defences against rapidly evolving cyber threats.

Conclusion

Addressing the complex IoT lifecycle presents a new challenge for businesses that requires valuable assets to strengthen network security. Organizations can build resilient network infrastructure by adopting these strategies and taking a comprehensive approach to safety. Build your security solution checklist today and learn to eliminate the insecurity risk accounting for 30% of devices.