As of this year, there will be an estimated 25 billion “things” connected to the Internet, and by 2020, 50 billion. Globally, by 2018, mobile data traffic will exceed fifteen exabytes (estimated 50,000 years’ worth of DVD-quality video per exabyte). These connected devices also will collect, transmit, store, and potentially share vast amounts of consumer data.
Given the rise in the number and types of connected devices already or soon to be on the market, the Federal Trade Commission (FTC) held a workshop last year on the privacy and security issues associated with connected devices. The FTC report, released a few weeks ago, summarises the following key security measures that companies should follow when developing IoT products:
- Conducting a privacy or security risk assessment
- Minimizing the data they collect and retain
- Testing their security measures before launching their products
Security is very important to NetThings, and has been a pillar in the design and implementation of our products, which have been designed for full functionality without needing an internet connection. When they are taken online, our certified code and two way authentication process offer a more robust solution, keeping our customers minds at ease and any collected data secure. To find out more about the products click here.