Protecting Your Connected Horizons

Securing Your IoT Network

The Internet of Things refers to the incorporation of internet facilities to control objects and has brought about changes in operation management. However, these achievements are accompanied by great security issues. This is because IoT networks are considered at the front line in the battle against cyber threats since they encompass a large coverage area and possess inadequate protection. This blog is highly relevant to IoT network security and covers how Chaintech Network’s IoT security services can assist your business.  

The Importance of Security in the IoT Network

There are expectations as to the number of connected IoT devices in the future, and this is estimated to be 30. It is expected to reach 9 billion by 2025, as shown by Statista. With such rapid growth in breaches, the field is realizing new opportunities for cybercriminals. The security system of IoT devices is usually not well developed, and this means that the devices can be attacked in a way that leads to leakage of state information or disruption of operations. Security is fundamental for any business, and this is why it is highly important to protect the IoT networks.  

IoT network security can be defined as the security processes handling the interface between the devices and the Internet connectivity.  

The definition of IoT network security is to protect the data and devices in the IoT network from access, attacks, and other possible security threats. This includes getting communication pathways under lock and key, gender surveillance of the networks, and extremely rigorous entry and exit policies. IoT network security aims at preserving the data and IoT devices’ data and enabling authorized users to access the data or devices.  

In this context, the following can be identified as the key components of IoT network security: 

1. Encryption

   That is the reason why security through encryption is critical in IoT networks, protecting data that is exchanged between them. Encryption entails turning data into an encrypted format that cannot be undone by any means unless the appropriate decryption tools are used; hence, even if data is intercepted, it cannot be understood by the wrong people.

2. Authentication and Access Control

   Applying methods of user identification guarantees that the IoT network can be used only by permitted members and devices. MFA and RBAC are measures that are recommended to improve the security of an organization’s IT systems.

3. Regular firmware updates 

   Ensuring IoT device firmware is updated is important in the process of patching and improving the level of security. Periodic updates help the devices have the most current available security patches or additions.

4. Network Segmentation 

   Limiting the connectivity of gadgets to a specific domain helps minimize the scale of the threat in the event of network intrusion. In this way, within separate segments, any dangerous threat can be encased and necessary assets can be saved.  

How the Chaintech Network Helps? 

Chaintech Network’s area is IoT Security Services, under which it offers IoT Security Assessments with an emphasis on improving IoT network security. Here's how Chaintech Network can help safeguard your IoT ecosystem:  

• In-Depth Security Assessments

  Chaintech Network also has security assessments that determine the areas where your IoT network is weak. Our specialists analyze the current state of your security and define everything that should be changed. 

• Customized security solutions 

  As can be seen, Peplow recognizes that every IoT network is in some way or another different. Chaintech Network has designed security solutions that protect your devices based on the kind of security that you want for your devices. 

• Sophisticated monitoring and threat identification 

  Chaintech Network has engaging security measures that ensure the evaluation of threats as they occur. Reducing the probabilities at this stage ensures that security breaches do not take root in the first place. 

• Ongoing Support and Training 

  Since IoT concerns exchanging data across networks, it could be characterized as a constant security endeavor. Chaintech Network has follow-up service and is constantly offering training to ensure you can actively guard your IoT network. We build a long-term relationship with your staff and ensure your organization follows the latest standards to combat new risks.  

What does your business stand to lose with IoT network security? 

As we observe more cyber threats rising and attacking IoT networks, can your business afford to let it go without having the best IoT network security?  

Exponential Growth: From the data gathered, it can be concluded that connected IoT devices are expected to reach 30 billion in the near future. 9 billion by 2025.  

Rising Threats: All the connected and smart devices of the Internet of things (IoT) are at risk of being hacked into. Apparently, 70% of IoT devices can be hacked.  

1. Cost of Breaches

   IoT-related data breaches cost $4 million on average.  

World into the IoT Network

Considering the fact that IoT devices have become vital to the operations of any organization, it is essential that the security of the IoT network be safeguarded. IoT network security constitutes the use of encryption, authentication, firmware, and network separation as a way to protect your devices and information. Chaintech Network’s security services, namely IoT Security Services, round up our IoT Security Offerings, afford rich depth in their assessment, and comprise unique solutions, enhanced monitoring, and constant support for your secured IoT landscape.