Mobile-Born Generation: The Impact of IoT and The Need for...

Mobile-Born Generation: The Impact of IoT and The Need for Cybersecurity

By Capital Markets CIO Outlook | Wednesday, October 03, 2018

Today’s technology-driven world is flooded with information and with the Internet of Things (IoT), it has become easily accessible. Amongst the various devices available today, mobiles are the most feasible to use to get all the information. The new era of the Mobile-Born generation has made the lives of people exponentially hyper-connected with easy access to social media, music, shopping, traveling, virtual reality and much more all through the mobile device. By 2025, it is estimated that there will be approximately 75 billion connected devices around the world. But being on the cutting-edge of technology trends and innovation, the mobile-born generation is at a higher risk of security implications.

With so much of personal data being shared over so many different platforms from the same device, it has made it easier for the hackers to breach into devices to get access to a person’s information and increase the threat to security.

IoT devices have led to the creation of an IoT botnet by leading attackers to breach into a network of internet-connected devices and infect it with malware. This has also given them the power to control the devices without the users’ knowledge, in order to launch ransomware and DDoS attacks (Distributed Denial-of-Service). “The Future of Digital Experiences” study found that for Generation Z, the digital experience is their way of life where they expect to have constant access to the online world.  The Gen Z is more open and comfortable to share their personal information online to get a more personalized experience. Cybercriminals are getting unprecedented access to all consumer data because of the various functions available today such as geotagging, photos and videos, live feature, and checking-in feature and this has increased the IoT botnet attacks.

The increase in the pace of information sharing and the modern-day usage of social media has resulted in the mobile-born generation to be exposed to the cybersecurity issues. This calls for taking the appropriate measures to combat these cybersecurity threats by restricting access to personal information, changing passwords regularly, updating software regularly and installing Virtual Private Network (VPN). With various VPN security suites such as McAfee LiveSafe, BitDefender Total Security and Kaspersky Total Security, it is easy to secure and encrypt data and keep connections safe across a public Wi-Fi network.



Weekly Brief