Could Open Source Be The Key To Securing IoT?
There has been a lot of talk about the looming rise of the Internet of Things (IoT). With a McKinsey Global Institute report predicting this market will be worth anywhere from $4 to $11 trillion by the year 2025 and contribute 11 percent of the global economy, it simply cannot be ignored.
However, any time something involves such significant sums of money, there is a tremendous amount of vulnerability. IoT is making its way into your home, office, and government, and it’s going to collect data and make decisions based on that data that will automate processes. This can be used to make life easier, or it can be used to cause great harm.
Take, for example, a 2015 incident when hackers were able to take control over a connected car, including its engine, brakes and steering. There is a lot of potential for things to go wrong here, and experts are rightly concerned about the potential security risks.
Lack Of Standards A Big Hurdle For IoT
The lack of standards is one thing that is holding the IoT back in this arena. Many devices generate data in a proprietary manner, which means they cannot be shared with other devices easily.
The success of IoT is heavily dependent on its ability to offer security, and one effective way to go about that is by becoming open source. When anyone can see the code and come up with patches, everyone wins. Closed source, on the other hand, tends to merely hide problems.
When transactional update solutions are open-sourced, for example, they can be rolled back easily to the last working version if they fail somehow. This means developers and manufacturers can free up time to work on other endeavors.