As the Internet of Things (IoT) continues to gain momentum, Freescale Semiconductor (NYSE: FSL) and its partners are tackling the most dire challenge the young movement has faced to date – the alarming lack of unified guidelines for ensuring the security of IoT applications.
Gartner forecasts that 4.9 billion connected things will be in use in 2015, up 30 per cent from 2014, and the figure will reach 25 billion by 2020*. The analyst firm also projects that by 2017, 50 percent of IoT solutions will originate in startups that are less than three years old.
Meanwhile, the specter of an insecure and dangerous IoT is becoming increasingly worrisome: last month, the U.S. Federal Trade Commission publicly raised concerns of security risks associated with the rising number of interconnected systems and devices, and a top U.S. news organization reported that DARPA had wirelessly hacked into a major automotive OEM’s braking system. Additionally, a recent report from tech giant HP found that many IoT end-nodes are inherently insecure, with 70 percent of evaluated devices transmitting data via unencrypted network services.
Intent on applying its extensive expertise and proven technologies to address these trends, Freescale recently announced several landmark programs intended to help establish standards and drive industry metrics for IoT security assurance.
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