Internet of Things

10. The Challenges, the Threats and Policy Implications to a Compromised Privacy and Security

Link: https://ieeexplore.ieee.org (Accessed on 01 July 2019)

Abstract:

It is speculated that the 21st-century people are living in the so-called the digital era. It is the era of

technological revolution. For the reason, it is clearly evident that there are a number of things that are now

possible but weren’t in the past days. Even then, we are living in a world where individuals and businesses have

nothing hidden about them. Every detail even the one safeguarded and thought to be uniquely personal is acces-

sible by third parties. Facts and figures have it looking at the past, the present and even in the future that this is

indeed so devastating than ever thought before. Realizing the need and urgency for a comprehensive research,

this study was inspired. The paper synchronizes through the past research literature, advances to enumerate its

methodology of the study, proceeds to the results of the study (which entails the typical IoT model, the threats,

and challenges facing the IoT), the discussion and then the conclusion.

SUMMARY

Whether it is a botnet converting an IoT component into a digital hostage or a ransomware

demanding thousands of dollars in return for locked data, so far, we have discussed how

dierent types of cyber threats can hack into IoT systems Moreover, as you may have noticed a

lot of times these dierent malwares combine to form a coordinated attack which is much more

complex and thus it makes it a lot tougher for the end user to address it.

All of these cyber threats may dier widely in their processes but their objective is the same:

to make their victims lose money, productivity, and reputation.

When an IoT ecosystem of a business is hacked, the end user has to spend a great deal of

money to remove the malware. To do this, they often have to hire a third party company which

not only removes the existing malware but also assesses the security of the complete IoT infra-

structure introduces new practices and solutions to prevent the likelihood of any future attack.

In the aftermath of the attack and during the malware removal process, the company often

faces output issues since either their online systems are shut down due to the breach or they

are forced to close them for the time being. Consequently, the operations of the business are

severely impacted and it loses quite a bit on revenue as their systems remain oine.

Even after battling these troubles, there is the reputation predicament. This problem aects

the business and the device manufacturer both. For the business, it raises credibility on their

cybersecurity vision and they lose their standing in the eyes of their clientele. For the device

manufacturer, questions are raised on why and how the manufacturer was unable to identify

and resolve the security flaw before the cyber attack.

Therefore, if you plan to use IoT devices for residential or commercial purposes, then you

simply cannot ignore the cybersecurity of your IoT system. You can either hire an in-house

team or outsource your security to an experienced firm. Just make sure that a knowledgeable

CISO and a well-experienced team monitors and designs the cybersecurity strategy and vision

of your IoT infrastructure.

In this chapter, we have learnt the following concepts:

• Various security challenges,

• How security attacks take place?

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• What are botnets?

• How IoT devices become the target of Botnets?

• What is Ransomware and how it works?

• How Mirai attacked and its impact?

• What is SPAM Email and how it works?

• What is a man in the middle attack?

• How vehicles can be attacked remotely?

• What is DDoS attack?

• What is IP Spoofing?

• Attack on IP security cameras, and

• Anatomy of an IoT Cyber Attack.

In the next chapter, we will learn about cybersecurity, physical and hardware security,

cryptography, identity management for devices, use of block chains and cryptocurrencies in

IoT, and security best practices.

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