As reported by Neowin, the UK government has announced the launch of a £400,000 fund to help boost the security of internet-connected products. Innovators will be able to apply to develop assurance schemes which demonstrate that a device has gone through independent testing or an accredited self-assessment process. The schemes will help consumers decide which products are the most secure. According to research that the government cited in its announcement, there will be more than 75 billion internet-connected devices around the world by the end of 2025.
This comes at a time when IoT seems to have been forgotten about, yet funding to support the security of such devices couldn’t be more vital.
Many people favour convenience over security so it’s paramount that IoT devices come fitted with security by design, to help protect the devices and customers. This is usually where the manufacturers choose cutting costs over the protection of the end users, which in turn puts the users at risk of a range of potential attacks.
Hopefully this will be the beginning of more funding as I’m not sure how far this initial input will go.