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The world had 26.66 billion IoT devices by August 2019 and the estimated IoT market is expected to reach $520 billion by 2021.

Also, 127 new IoT devices are getting connected to the internet per second.

But the major point that is worth pondering over for all is that, with so many devices getting into action per day and giving rise to a huge network of IoT devices, are the devices and user data safe?

According to DarkReading “One network of honeypots, put in place by Kaspersky, saw 105 million attacks on IoT devices coming from 276,000 unique IP addresses in the first six months of 2019, compared with just 12 million attacks in the first half of 2018.”

These are insanely huge figures.

So, what the developers and the companies can do to safeguard their products from these unlawful attacks?

Here are 8 IoT security solutions that are sure to abort the potential threats to IoT devices and their applications.

Prioritize your IoT Network Security

Install Firewalls, Antivirus, and other software to prevent, detect, remove and safeguard your network connecting IoT devices to other systems from potential invaders.

Device Authentication is a must

Vigorous authentication of every IoT device is a must-have measure in the way to secure IoT devices.

Every device should be given a unique identification ID that can be used to match from the database of the main gateway before it is granted access for connection.

Authentication options such as biometrics and digital certificates should be put to use.

Encryption of Data

The server which stores the data is accessible by many. The biggest challenge that arises is the maintenance of data privacy.

Encryption of data is the key to this problem. It privatizes the data to the right accessors only. 

Encryption can be considered to be a strong trust-building pillar between the company and users. This method ensures that the confidential and personal data of the user remains safe from third-party invasions.

Implementing IoT Public Key Infrastructure (PKI) Security

The maximum use of IoT PKI security methods is necessary for ensuring a secured IoT connection.

The most widely accepted PKI security method to safeguard keys and businesses is the use of HSM.

Security Analytics

Certain threats cannot be detected by ordinary anti-threat software. 

IoT security analytics specially designed to detect the specific threats and invasions to IoT networks should be brought in the maximum application.

IoT API Security Methods

IoT API security methods are necessary to check the exclusivity of the IoT devices and back-end systems that could directly get in contact with the APIs. The installation of such security measures also ensures that the APIs remain attack-proof and intrusion-safe. 

Hurry Makes Worry!

IoT devices and applications possess a constant threat of getting attacked and invaded. An IoT device, without the latest security inclusions, is more prone to third-party attacks and stealth of confidential data.

Therefore, a lack of fool-proof planning to launch the IoT devices and applications in the market in a hurry, without providing necessary security patches and/or updates is a serious demerit of the product.

Update yourself with the latest IoT threats

The IoT is relatively a newer field, with researches and innovations still being made almost daily.

With every new device or application created, comes new threats and attacks to the data.

The developers and the companies associated with IoT devices and applications, need to be aware of the latest threats that are prevailing in the field. Accordingly, necessary advancements in the security of the devices and applications should be implemented for providing a robust mesh of security around the data.