A study on Mitigation Strategies and Techniques to Reduce IoT Attacks through Cybersecurity and Block Chain Technology

The Internet of Things (IoT) has completely changed depending on how we engage with technology by enabling automation, monitoring, and cross-domain data sharing by linking billions of devices globally. IoT device development has brought out new security challenges, as these devices frequently lack strong security safeguards, leaving them open to hacker attacks. Even after every attack is thoroughly examined by enlightening the methods that cybercriminals employ to take advantage of weaknesses in IoT devices, network attacks still exist. This paper addresses the reasons behind the attacks, which include espionage, sabotage, privacy invasion, financial gain and data theft. In addition, it also assesses the effects of IoT attacks on people, businesses, and society at large, considering financial losses, reputational harm, service interruptions, data breaches, and safety risks. These effects highlight how crucial it is to protect IoT ecosystems and take preventative action to reduce the dangers associated with cyberattacks. In addition, a framework is provided that includes security best practices, mitigation strategies, technological controls, policy measures, and security awareness training for reducing IoT attacks. Apart from this, integrating Blockchain Technology into IoT security, enterprises/organizations can fortify their IoT infrastructure and protect themselves from ever changing cyber threats by understanding the motivations of attackers is also discussed.