You probably know much of your financial and other data is stored on the cloud, if you render all your financial manipulations online and post personal information to the Internet. Now this personal information, connected with different devices, potentially poses a new threat to our privacy and can become a massive safety issue soon.
You may have noticed your big data helps different companies to advertise certain goods to you. Your phones and other devices related to your account also add to this. Whenever you go with your phone, depending on your location, you can get notifications about propositions or sales in the shop you are passing. Almost all your online history of purchases constructs your general picture as a buyer and provides a wide range of information about you, from your health condition, financial situation to your address.
There was an instance with Target retail chain that, due to their advertising based on the previous purchases of the girl, her father found out she was pregnant. Target simply analyzed the orders and offered similar production. The same analysis may stop credit card related crimes. However, lots of initially good things can be used with bad intentions. Big data might create more problems in terms of giving credits, jobs, household, and other spheres. Also, it overwhelms you when you realize these gadgets with smart technology can recognize your face or identity.
The danger that really exists is the possibility of hackers’ attacks. It is not so likely that the devices in the IoT will join against humanity, but the danger from human beings with bad intentions is real. As you can understand, personal information managed by devices is huge, including cameras, location, and data from different sensors. The possibilities of blackmail, data theft, spying, and breaking systems are real. It gets more serious if you think a hacker has access to your devices and can create an accident in your smart–car or can turn on gas supply when you are not at home. There was a creepy instance of a hacker breaking into baby–monitor system to scare the baby and swear brutally.
Security breaches have been found in lots of small devices, like cameras, monitors, and even light bulbs. Some cannot influence anything, but others possess real danger. A security breach can cost you in loss of your private information or in using your data during another crime to set you up. Companies can also lose lots of money, reputation, private information, patents, and information on projects, which can cause billions of dollars of loss.
Security in the Internet will gain new meaning, and it will be vital for companies to make their devices safe and methods of encryption able to evolve; usual updating of software and continuous support and checks will become crucial for a brand’s survival. However, if the software and devices share one standard, they can share an advanced security system, supported and enhanced by all the companies with relation to connected devices. It makes the system more complicated and secure. Companies can divide the data of users and put different security mechanisms according to the type. Also, users have the right to decide which data can be used, processed, and stored. Some specialists offer another solution: to get only the information needed for the device to function, get rid of the outdated information, and make devices download updates automatically. Also, they want to program such devices to ‘destroy’ themselves, become blocked, or stop working when they are no longer in use, so the information is safe.