A new study from Hewlett-Packard Company (NYSE:HPQ) has warned about the possible harms of apparently attractive Internet of Things concept. Internet of Things, connected cars, home automation, smart devices and sensors are talk of the town. Many believe that the future belongs to the Cloud and Internet of Things. But a new study by Hewlett-Packard Company (NYSE:HPQ) Fortify says that 100% internet connected devices have vulnerabilities.
Hewlett-Packard Company (NYSE:HPQ) argues than 80% of the current connected systems fail to comply with established security protocols and 100% systems are vulnerable. For the study, Hewlett-Packard Company (NYSE:HPQ) took a case study of 10 connected systems at different homes, companies and infrastructures. None of them offers two-factor authentication. This could be a nightmare for the Internet of Things market, which, according to many experts, has billion dollar market potential.
The media is inundated with news about lethal malware and hacks where hackers breached and stole billions of dollars along with personal data and privacy. It is easy for hackers to get control of your home and office completely if the systems deployed there are not according to the security standards. Hewlett-Packard Company (NYSE:HPQ) report also claims that most of the market players are launching IoT products in a race to compete, ignorant of the security risks involved in this endeavor.
HP’s report also directs our attention towards poorly encrypted SSL/TSL connections and video encryption programs, because they are the backbone of home automation systems.
According to a report from Gartner, connected devices will brush 4.9 billion mark in 2014 and this figure could touch 10 billion by 2020. Hewlett-Packard Company (NYSE:HPQ)’s new survey is a wake-up call for the technology players of IoT.
Ralph V. Whitworth is one of the shareholders of Hewlett-Packard Company (NYSE:HPQ), having around 28 million shares of the company.