The Internet of Things has been growing at unprecedented speeds in recent years and is becoming an integral part of various industries, including healthcare, home security, and aviation. These IoT devices are communicating with one another along with other computing devices, like cloud servers, mobile devices, and computers. The result is an extremely large amount of generated data that requires protection from cyberthreats. Despite the ongoing growth of innovation in technology, why are we still using the same encryption methods as we did 20 years ago?
The number of connected devices worldwide is forecasted to reach 6.4 billion this year and growing to 20.8 billion by 2020 (Gartner). One of the main benefits of IoT devices is their ability to generate real-time analysis information that can be used to increase business efficiency and automation. Unfortunately, the massive amounts of data come with increased operational pressures to manage and protect the data, while also keeping costs low by using available cloud storage. Sensitive data collected by IoT devices – some of which is protected under governmental regulations – is making companies and end users realize the necessity and urgency of securing their IoT data with higher levels of encryption.
Cyphre has developed new encryption technology called BlackTIE® that currently secures the data generated by thousands of IoT devices. The patent pending encryption technology provides the highest level of security for critical IoT data anytime, anywhere – whether on employee computers, on the corporate network, or in the cloud. This is possible through the use of hardware-encrypted Black Keys that augment vulnerable, single encryption keys. Unlike software-based encryption keys, Black Keys are never exposed in memory. Any key stolen by a hacker is thus rendered useless without the Black Key, eliminating the threat of a breach, hack, or other cyberattack.
BlackTIE® encrypts the data captured by IoT devices and stores it on Cyphre’s private cloud server. The hardened SSL connection between the IoT client and the Cyphre private cloud allows organizations to eliminate the “man-in-the-middle” intercepts. Unlike software-based SSL implementations, Cyphre’s hardware-driven approach is safe from attacks like Heartbleed and similar attacks that may occur in the future.
In order for data security to keep up with evolving technology and rapid growth of the Internet of Things, innovation in encryption technology is a must. With Cyphre’s patent-pending BlackTIE® technology, organizations now have the ability to secure their IoT data with the highest level of encryption, allowing them to benefit from the data generated without the risk of compromising data security.