Cybersecurity risks a concern in 2022: wearable devices, key trends, applications and development?

Mitigating cybersecurity risks is something heavily practised on organisations, IT firms, MSPs and other interested parties. Wearable devices are everywhere now and are becoming increasingly popular. Our most common vulnerability was identity theft, organisational hacking and so on, but the new aspect came alive with the rapid adoption of the more recent tech.

The increasing popularity of wearable devices is offering more and more features. People were excited to get newer phones, but they are now happy getting wearable devices. These devices constantly generate massive amounts of data, including electric health records (EHR), user demographics, and quite similar data facilities as the connected device.

Current generation wearables constantly require attributes from proximity sensors, security, exfiltration related data, and it opens the door for exploits. Pairing with wifi and Bluetooth to connect with other devices requires point-to-point networking. We often talk about remote code execution, malware, bugs in our daily drivers, and the possibilities are endless.

Tony Anscombe of ESET said, 'there is a shortfall of talent in cybersecurity.' The National Institute of Standards and Technology (NIST) delivers the latest cybersecurity and password requirements (NIST 800-63). Being the standard-settler for the US, the organisation initially released the NIST Cybersecurity Framework (CSF) in 2014, which was later updated in 1018.

Companies are increasing their credibility and opportunities in terms of tackling IT issues. TechCrunch had a similar view on recent cybersecurity issues and what's on the horizon for cloud-based and enterprise security.

Though most wearable devices are pre-planned to cover this kind of security issue, and is quite tough to tamper with. Recently we found Log4Shell RCE flaw, SaaS security compliance, and similar matters, which was covered thoroughly. The 2022 security framework will need a bump in the new ecosystem to survive in the competitive world.

Trends Market Research said the 'Wearable Devices Cybersecurity Market' is growing phenomenally and will become a $702.6 million market in 2017-2023. It is a 16.4 per cent increase at a CAGR.

In recent news, we saw China adding yet another rule on big techs that their stock data of millions of users will undergo a security review. The review system of listing stock overseas is reported by the Cyberspace Administration of China (CAA), and they said the rules will be strict from now on. Listing and submitting a new application for overseas stock selling is a complicated process itself now on top of it is added foreign security regulations. We may cover the topic broadly later and see if anything changes by then.

As we talked about wearables, the largest market for those gadgets belongs to the US and Europe. The emerging adopter is becoming hugely popular, and more affordable options are cycling through the calendar. What differs from the top bills to the budget ones, maybe lack some features, but core mechanics remain the same. They still connect to the internet; they still intercept the device network.

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Smartwatches, body-worn cameras, hand mounted displays, other devices have similarities. They have a built-in application, network and cloud security.

Industries such as healthcare, IT, manufacturing, and automotive are merging in a compact form. Though many opportunities come with virtual reality and augmented reality devices, security issues remain a vulnerable segment.

Applications native and cloud are now developed at mass production and are crying for the best security methods, creating jobs for millions, as the industry is overgrowing.