The Internet of Things (IoT) will continue to evolve and further integrate digital solutions and applications to businesses, people’s lives, houses, and communities. This integration will create complex ecosystems that are challenging from a cybersecurity standpoint, as the weakest links and new unearthed vulnerabilities will prove to be a continuous threat to the IoT environment. IoT will also raise concerns over government, corporate and individual interference with the aim of using the technology to infiltrate interest groups and adversaries at a wider scale.
Further integration of IoT will pose challenges regarding a company’s liability towards the continuous development of cybersecurity even after the technology becomes obsolete from a product cycle point of view. This is likely to be further exacerbated by the potential risk of a major IoT manufacturers going bankrupt, leading to the potential automatic default of key updates.
Concerns over a consumer’s ability to tinker with a purchased product will be reinvigorated as anxieties over its interconnectivity and cyber-risk will become a forefront challenge to companies and government. Who is liable when an individual tinker with a Tesla autopilot system and causes a crash? What about a cellphone that is integrated to an IoT environment?