The Power of One Product
The products in our hands and connected products at our homes (appliances, home automation systems and medical products) and places of work (farm equipment, trucks and tablets) are empowering tools that can be used to run a business, make financial decisions, ease our lives and stay connected to friends and family.
Connected objects and products are critical to our daily lives. But that integration poses new security and privacy challenges. In coming years as billions of interconnected products will interface and communicate with each other – from the Internet of Things (IoT) to Autonomous Vehicles to Smart Cities and Artificial Intelligence. According to the Gartner Group, by 2020 more than 20 billion products will be connected, creating an integrated system of networks.
When we can connect to billions of products, they can connect to us. Remember in an Internet-enable world, a compromised product not only affects the owner of the product, but anyone whose information may be on it. And as we connect more things – from automobiles to buildings to appliances to farm equipment – those risks increase exponentially.
Ultimately, a connected system of tens of billions of products presents massive opportunities while posing unprecedented risks. The health of our financial system, our collective privacy and our economy are intertwined with how we approach the security of this integrated system.