Several smart TVs and cash machines have been hacked, which is negatively impacting the trust of not only consumers but also enterprises. Having said that, let’s have a deep dive into the most critical security challenges for the future of the Internet of Things (IoT).

For example, an IoT-enabled camera that captures confidential information from home or the work office and the system is hacked. The attackers will encrypt the webcam system and not allow consumers to access any information. Since the system contains personal data, they can ask consumers to pay a hefty amount to recover their data. When this occurs, it’s called ransomware.

A quick look back shows where IoT devices are going. Consider: In 2016, there were more than 4.7 billion things connected to the internet, according to IOT Analytics. Fast-forward to 2021? The market will increase to nearly 11.6 billion IoT devices.

You might not think of your car as an Internet of Things device. But new cars will increasingly analyze your data and connect with other IoT devices — including other high-tech vehicles on four wheels.

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Introduction of IoT has just started and there are many more places where IoT can be utilized and benefited . As technology advances IoT will also play and major role in the future