The security market for the Internet of Things (IoT) will reach $37 billion by 2021, according to the analysts at MarketsandMarkets.com. Because there is growing demand for cyber security, there is a lot of money spent to ensure it.
At the start of 2017, experts predicted that gaping holes in IoT would lead to the destruction of critical infrastructure, the growth of competitive intelligence, and the theft of intellectual property. It was also predicted that an increase in DDoS attacks would paralyze the Dyn DNS system and, with it, many important web domains.
With that in mind, it’s worth looking at five major aspects of the lamentable state of IoT security, stemming from explosive growth, scale, vulnerability, capacity, and availability of devices.