Since online services are increasingly embedded in everyday life, cybersecurity is a serious problem. The technology brings many advantages to enterprises, but the advantages it brings to hackers and cybercriminals are also enormous.
Information security is crucial to protecting enterprise information, and it performs four important applications for an organization: protecting the organization’s ability to function, allowing applications implemented on the organization’s IT systems to operate safely, protecting the data collected by the organization, and safeguarding the technology asset.
Several internet service providers are moving toward a distributed architecture to prevent data theft. Because these threats target specific systems, threats at the network level are difficult to detect and eliminate. Many end-users, therefore, adopt endpoint security systems to detect such threats. The increasing need for financial and governmental compliance also forces users to adopt endpoint security solutions.
IoT devices generate a lot of data, and some of these data may be confidential and are therefore normally protected by law. Other data generated by cars, home appliances, and wireless gadgets may not be as sensitive, but when combined with data from the user’s refrigerator, motion sensors, and smart household items, much information about the user’s personal information can be provided. This makes privacy a priority. The devices should therefore be secured using secure firewall networks.
According to Datto, ransomware continues to be the leading cyber attack and spyware against SMBs. 2,400 MSPs were surveyed in their report. In the first half of 2018, SonicWall has shown that there have been 181.5 million ransomware attacks. This represents an increase of 229 percent over the same period of 2017.
Their profitability also needs to be reduced in order to reduce IoT cybercrime. However, the solution is not at the company or at the user level. It must lie with manufacturers of connected devices. Only when these manufacturers begin to produce truly safe products in accordance with standard guidelines and best practices, the cyberattacks would be minimal.