One of the hottest topics over the last few years has been IoT, or, the Internet of Things but an estimated 80 percent of IoT devices are vulnerable to a wide range of attacks. Attackers are increasingly able to shut down or corrupt the actions of IoT devices which can control equipment or interact in some other way with the physical world. That’s why the threat of cyber attacks that leveraged the Internet of Things (IoT) devices moved from theoretical to actual.

Risks and Challenges of IoT in Cybersecurity
Further, as IoT is entering further into our daily life, the risks caused by this very technology are also tremendously increasing. The cyber-attackers are developing new technologies or methods in order to get through the security enabled by the organizations. The reason behind doing all of this is to cause disruption of the sensitive information,

create damage & chaos within an organization, and to steal from organizations and individuals. These attacks, day by day, are becoming more sophisticated. Additionally, it is becoming increasingly more challenging to counter them due to their development in breaching the security. It is becoming difficult to predict what kind of threats one is going to face next. Sorely, one thing that can be predicted is that these threats will get worse with the passage of time.

Therefore, the cyber security needed to defeat such threats, are complex to deliver. The software, antiviruses, anti-malware, IDs, and IPS are not effective enough to stop the hacktivists, because they find new ways to diminish all the control that this software implements to secure the information and data.Thus, new threats require new tools to combat them with. One of the most important ways to combat cyber risks for IoT is to keep everything new time-to-time. One of the biggest mistakes firms can make is to spend money on retrofitting old equipment. While retrofitting can certainly work functionally, it introduces more security problems. It’s easy for hackers to exploit the weaknesses of older equipment which of course becomes easier over time. With that in mind, firms should try to keep their equipments up to date as much as possible, at least when it comes to IoT devices.

Conclusion
Undoubtedly, the potential of IoT is incredibly advantageous and infinitely profitable. However, along with all of the benefits of IoT technology, it carries some serious security concerns that will also dominate many conversations over the coming years. It is essential for organizations to adopt and build the code of practice throughout the organizational supply chain to make the devices safer by working on the development of security strategies and following cybersecurity standards. Therefore, a higher caliber of Internet security software should be analyzed with high performance in order to encrypt end-to-end data so that consumers can protect and erase their information in order to prevent their data from being stolen.