The IoT brings a new set of issues, such as the security, safety, and robustness of cyber-physical systems. Novel types of attack, as well as new privacy and cybersecurity regulations, may take many industries by surprise. Yet the economic benefits of the IoT as an enabler for analytics, automation, and process and resource optimization cannot be overstated. To succeed with the transformation that the IoT brings about, industries need to gather competence and understand new threats and how to mitigate them.
This white paper provides an insight into the major security and privacy challenges due to be met in the Networked Society. Specifically, it addresses security, safety, and privacy in the entire IoT value chain, which includes devices, networks, cloud, infrastructure, applications, and services. The paper also identifies the main security challenges and approaches that need to be taken in the IoT sphere to withstand attacks, and discusses how IoT security and privacy need to be addressed through technology, standardization, and regulation.