Skip to content

The Internet of Things (IoT) and the Consequences of Cyber Attacks

Share on facebook
Share on twitter
Share on linkedin

The Internet of Things is a term referring to a system of billions of devices worldwide equipped with sensors and software. Those devices are connected to the Internet in order to collect and transfer data. The Internet of Things (IoT) is revolutionizing our daily lives. It`s the future of many companies, hospitals, schools, transportation, etc. It`s estimated that there will be 41 billion IoT devices by 2027. (Gyarmathy, 2020)

There are plenty of IoT devices that facilitate business and increase productivity and efficiency such as security cameras, inventory and stock control, supply-chain data monitoring, and many other possibilities. In healthcare, IoT is known for coagulation testing, helping people treat cancer and diabetes, etc.

However, every user of IoT technology needs to be aware that 57% of IoT devices are at high risk of cyberattacks. (Rock, 2020) Cyberattacks on those devices can lead to serious economic and reputational consequences for any institution and company using it. Cyberattack can harm business in many more ways including leaking of sensitive information, data theft. Considering that, it is important to protect your business, your employees, and your clients.

Also, many healthcare facilities are using IoT considering it makes it easier to monitor patients. There are plenty of devices connected that are part of IoT including pacemakers, defibrillators, CT scanners… As a result of a cyberattack, the function of those devices may be weakened or completely disabled. This can be very dangerous and lead to devastating consequences. The consequences of a cyberattack on a hospital are not limited to the theft or leakage of medical information, but also carry other risks related to a patient`s well-being. Namely, such an attack can result in devastating risks concerning the patient`s health and safety.

The Internet of Things (IoT) and the Internet of Medical Things (IoMT) offer numerous benefits and advantages that can make our everyday lives more manageable. The goal of IoT is to provide a better and easier way of working and living. However, you need to be sure that authorized people and machines are the only ones who have access to connected devices and the data they generate. IoT security is a key to gaining and maintaining customer`s trust and to delivering on the full potential of the IoT devices.

Bibliography

Gyarmathy, K. (2020, March 26). Comprehensive Guide to IoT Statistics You Need to Know in 2020. Retrieved from change: https://www.vxchnge.com/blog/iot-statistics

Rock, A. (2020, March 30). Report: 57% of IoT Devices Vulnerable to Severe Attack. Retrieved from News Break: https://www.newsbreak.com/news/0OanKNMX/report-57-of-iot-devices-vulnerable-to-severe-attack