IOT has had a major transformation from being something in the present to a component of the future. A lot of industries have cashed in the benefits of the IT boom. With the market continuing to evolve at the rate of knots, security poses to be a major concern. In the year 2019 only 16 % of the devices were subject to cyber -attacks the number rose to 33 % in the year 2020. The massive inflow of attacks would be an indicator of security compliance with an increase in sophistication of the hackers.
The dearth of security measures defeats the whole purpose of relying on an advanced form of a data transfer or a management system leading to financial losses or operational risks. Be it any attack on the IOT system it can lead to a compromise on the entire system. The need of the hour is for the IOT experts to formulate a security centric approach to prevent attacks and cash in on the full potential.
The emergence of the Owasp mobile top 10 works out to be the step in the right direction. Their aim is to enhance a digital ecosystem that has listed the top 10 security threats for the benefit of manufacturers, consumers or enterprises to have a better understanding of the security issues lurking around the internet. There is a need to have an understanding on what it means for IOT security and how it is possible to work around it for enforcing strong security measures.
Guessable, weak or hard coded passwords
Any IOT device with a weak password is prone to password hacks. IOT manufacturers need to pay attention to password hacks when you are launching the device. A reason is that it would not allow the users to change the password device and even if the users prefer they would want to change it. A successful attempt to gain unauthorized access to a system would make the others vulnerable as all of them share the same password.
Network devices are insecure
A network device that is operational within a system could hamper the integrity and security of the system. When exposed to the internet it may lead to data leak or unauthorized remote access. An attacker is able to create havoc of an IOT end point the moment they take note of the weakness that emerges in the network communication model.
Insecure ecosystem emerges
Numerous interfaces emerge like API, mobile interface and the cloud that sets the tone for a smooth interaction with an user. But if there is poor encryption, data filtering or lack of proper authentication, it is going to have an adverse impact on the security of IOT devices.
Lack of security updated mechanisms
The device might face issues with security updates and this is vulnerability on the list. One of the main reasons for the compromise of IOT devices is due to lack of security updates.
If manufacturers take proper steps the threat of OWASP can be mitigated to a major extent.