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If you have tuned into any news regarding cybersecurity in the last few years, you have most likely heard about the Internet of Things. It is a hot topic among cybersecurity professionals, and it is making big waves in the technology community. The Internet of Things, colloquially referred to as the IoT, is even inspiring major growth in some information security sectors.
The Internet of Things sparks big growth in cybersecurity in the next decade.
What is the Internet of Things?
For those that are still unclear as to what the IoT is, Forbes defined it as ultra-connectivity between things. Qualifying gadgets would have the ability to connect to the Internet and to other devices. The source wrote,”This includes everything from cell phones, coffee makers, washing machines, headphones, lamps, wearable devices and almost anything else you can think of.” Experts predict that by 2020, there will be a minimum of 26 billion connected devices.
What does this mean for cybersecurity in the present?
IDC reported that the IoT market will hit over $1.5 trillion in the next five years. That presents huge opportunities for companies to connect with their customers like never before. However, these benefits come with new challenges. In the article “Emerging IoT presents major cybersecurity challenges,” the National Cybersecurity Institute said that while the increased interconnectivity gives businesses a chance to grow in ways previously unheard of, it also means that there are more entry points for cybercriminals. Current cybersecurity is not prepared to protect networks as wide as the IoT has the potential to create.
“Cybersecurity control systems will rise nearly 25% annually through the year 2021.”
What about the future?
The good news is that while current cybersecurity capabilities are not up to the task of keeping the IoT secure, it presents an opportunity to grow the field. As the IoT increases in popularity, cybersecurity will expand with it. In fact, Frost & Sullivan recently reported that cybersecurity control systems will rise between 20 percent and 25 percent annually through the year 2021. This rapid growth will mean more opportunities for individuals trained in the field of cybersecurity.