The network of interconnecting devices to exchange data popularly known as the Internet of Things is evolving rapidly in the fast-paced industry of technology. However, advancement in IoT has also taken a toll on security. IoT Systems strive to enhance productivity, efficiency, and flexibility but also invite uncalled risks to the network. IoT Security stands as the need of the hour for secure and holistic development.

Companies with a presence on the internet and widespread networks are increasingly being targeted by malicious code writers. There’s ample evidence to suggest hackers and Advanced Persistent Threat (APT) groups routinely run campaigns trying to snare employees, contractors, etc. to steal data or hold it for ransom. Simply put, cyber threats and cyberattacks are on the rise.

Businesses have known for a long time that there always are weak links in security, especially mobile security. The worse part is not that businesses get affected by these security issues, but the fact that public awareness is terribly low on how vulnerable this can be. The man in the middle attack has been one of the most exploited ways hackers have tried and managed to steal information and money.

According to a seminal Clark School study, a hacker attacks a computer with internet access every 39 seconds. What’s more, almost a third of all Americans have been harmed by a hacker at one point or another, and more than two-thirds of companies have been victims of web-based attacks. A 2020 IBM study showed that the total cost of data breaches worldwide amounted to $3.9 million, which just may sound the death knell for many businesses affected by breaches.