The challenges the developers of IoT systems face, is how to secure the intellectual property of the software running on their devices, as well as the integrity of the devices and the networks to which they are connected. Costs also become challenging for developers. Traditional hardware security is delivered through a physical design on the devices, and additional components on the Bill of Materials. This can (and does) render some great ideas financially inviable.
If, however, the device cannot feature a hardware “root of trust”, then software security will be required. Unfortunately, as we’ve seen in a number of cases (often in Consumer IoT), even this has been ignored. Code protection in IoT is not only possible, it is vital to ensure the device safety and IP protection through manufacturing, distribution, and deployment.
Security is essential for reliable IoT operations. Malfunctioning or compromised IoT devices, whether malicious or accidental, can pose significant risks to consumers, businesses, and societies. Limited compute and storage capabilities, high volumes of data, and industry fragmentation present unique challenges in securing the IoT.
A significant number of IoT deployments will be low-power. Therefore, efficient crypto libraries and endpoint agents: lightweight, container-based security infrastructure, and simpler encryption are all good strategies for IoT-specific optimized endpoint and edge deployments.
PACE believes that the endpoint of any device or software application is not the traditional physical connection to the network. Nor is it a peripheral protection of that network. We strongly believe that the end point is the application’s source-code. PACE tools have been designed to ensure code security before the application leaves the developers’ desk.
ATTACKS ON DEVICES
The first half of 2021 saw 1.5 billion attacks on smart devices, with attackers looking to steal data, mine cryptocurrency or build botnets.
80% of global industrial IoT market value will be attributable to software spend by 2025; reaching $216 billion.
IoT Devices in market
The number of IoT devices will increase from approximately 34 billion in 2020 to more than 60 billion in 2025.
CONNECTIONS BY 2025
Smart manufacturing will remain a key growth sector of the Industrial IoT market over the next five years; accounting for 22 billion connections by 2025.
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