How IoT security translates from buzzword to opportunity

Adam Weinberg of FirstPoint Mobile Guard

More and more companies looking for turnkey managed solutions for their IoT technologies, to not only secure their applications but also comply with data security regulations, says Adam Weinberg, co-founder & CTO, FirstPoint Mobile Guard.

Thus, the market for such IoT device security technologies has been flourishing. Researchers predict that both product and services categories will grow at a CAGR of 30.17% and 29.86%, respectively, between 2019 and 2024.

MNOs, MVNOs, MVNEs, and IoT service providers: It’s time to offer added-value security services to your subscribers.

You may be competing in this sectorIf your offering/s
IoT security productsIncludes antivirus, anti-malware, firewalls, and detection systems, and prevent intrusion
IoT security solutionsSecures IoT devices, authenticates networks, and encrypts IoT data and systems
IoT security servicesProvides product support, integration, consultancy, and maintenance
Endpoint securityEncompasses antivirus, exploit protection, endpoint detection and response (EDR), analytics, and device control, as well as the combination of endpoint protection platforms (EPP) and EDR solutions with cloud and network security tools
Anti-malware securityDefends against malware and zero-day attacks in IoT devices and embedded systems such as point-of-service terminals, ATMs, and medical imaging systems
Cloud securityProtects connectivity among devices and cloud services and data in the cloud during processing and storage
Gateway securityProvides a security mechanism to protect anything connected to the intranet or internet gateway
Mobile network securityEnables users and devices to be authenticated; implements policies and rules to control access; and uses behavior and visibility to detect anomalies
Secured communicationSafeguards the connectivity of networks of the IoT solution over which the data is securely transmitted and received
Secured SIM cardsProvides SIM-based IoT security services to support endpoint security

Leverage the IT device security trends emerging from both current providers and new players

The compilation of trends is based on insights from a FirstPoint Mobile Guard-Infiniti Research report.

Trend: Ensuring end-to-end IoT security management – Stemming from the increasingly complex IoT ecosystem, interoperability via third-party applications is now critical. Enterprises are turning to unified platforms to ensure security every step of the way from asset management to risk assessment.

Trend: Implementing a multi-layered security approach – IoT works in multiple layers, from code device software to wireless connectivity, and securing it requires multiple, holistic levels of protection. Think endpoint and network, application and IoT cloud, data protection and analysis solutions.

Trend: Using blockchain technologies – Applied to a connected device ecosystem, blockchain allows connected devices to share information and makes communication over centralised networks a thing of the past. Blockchain can also track information provided by sensors without duplicating the data as well as enable sensors to transfer data without the need for a third party.

Trend: Applying artificial intelligence (AI) – AI/machine learning is become integral to safeguarding assets, reducing fraud, and automating decision making in IoT applications. These data analysis methods can track incoming/outgoing traffic in IoT devices, and the resulting profiles of normal/regular traffic behavior make it easier to identify anomalies.

The big picture approach to cellular IoT device security

MNOS, MVNOs, private networks, EPC providers and enterprises need to take a holistic approach, enabling security from the network level. Ideally, they can use agentless IoT device cybersecurity ensuring complete protection from all cellular network-based cyber threats, including mobile identity compromise, man-in-the-middle, location tracking, denial-of-service, malicious SMS, and data leakage.

It must be hassle-free to set up and deploy, so they can give their enterprise clients 360-degree control over cellular security without having to manage the security levels of each device.

The full FirstPoint Mobile Guard-Infiniti Research report, which will include IoT security market size and trends, will be available in mid-September from FirstPoint Mobile Guard.

The author is Adam Weinberg, Co-founder & CTO, FirstPoint Mobile Guard.

About the author

Adam Weinberg, applies his extensive executive R&D experience in communications intelligence and cyber technologies in shaping FirstPoint solutions, which secure any SIM device, anywhere, against cellular network-specific attacks, without integration or user intervention.

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