Recently the IoT Cybersecurity Improvement Act was signed by President Donald Trump to increase security protection for various devices that are used at businesses and homes. Wide varieties of daily appliances have been turned into internet-connected devices, and it is estimated that by 2025 there would be almost 41.6 billion IoT devices. According to the new bill, the Office of Management and Budget (OMB) and the National Institute of Standards and Technology (NIST) must make sure that they take stringent measures to increase the security of IoT devices. The use of IoT devices in daily life is on the rise, but at the same time, reports on devastating cyber-attacks on IoT devices are also increasing.
CTO of the ioXt Alliance, Brad Ree, is now working closely with the government organizations, top tech companies, and manufacturers to create a security standard that is universal for all connected devices. Recently in an interview, Brad had stated that the new law is seen as a huge milestone for the entire industry, and it was very important for all the private and public sectors to come together and create new security measures. As of now, the bill is mostly targeted at government purchases, but eventually, it is expected by retailers, operators, and the consumer ecosystem to make sure that they all follow similar requirements.