The core reason for the security of IoTs is due to the elevating usage IoT hardware and their susceptibility. Not only this, many devices are unencrypted and can be proven as an entry pass for hackers and attackers.

Here are some of the points why security is important for IoTs:-

1. Data breach and privacy risks:– IoT devices frequently gather and save private and sensitive data, including location information, medical records, and even audio recordings of people. Data exposure from infected devices may result in identity theft, financial loss, and other severe repercussions.
2. System Compromise and Malicious Activity:– IoT device vulnerabilities can be used by hackers to take over a network, alter systems, or even inflict physical harm. For instance, medical equipment could be hacked, putting people in peril, or a compromised industrial robot could be taught to do harm.
3. Business Continuity and Reputation:– IoT security lapses can cause financial losses, interfere with corporate operations, and harm a company’s brand. Companies need to guarantee business continuity in the event of cyberattacks and safeguard their clients and partners from data breaches.
4. Increased Attack Surface:– Security teams find it more difficult to defend networks and systems due to the sheer volume of IoT devices, which increases the attack surface.
5. Lack of Built-in Security:– Since many IoT devices are produced with few or no security safeguards, hackers can easily target them.
6. Vulnerability to Various Cyberattacks:– Numerous cyberattacks, such as ransomware, DDoS attacks, and malware outbreaks, can target IoT devices.
7. Evolving Threat Landscape:– Staying ahead of the curve with strong security measures is essential since the threat landscape is always changing and new, more complex assaults appear frequently.
8. Compliance and Regulatory Requirements:– Strong security measures for IoT devices and networks must be implemented by several industries and organisations in accordance with cybersecurity legislation and standards.

In a nutshell, IoT security is a business necessity rather than only a technological problem. Organisations may safeguard themselves against connected device dangers and guarantee the dependability and safety of their operations by giving security measures top priority and putting strong solutions in place.