Hardware encryption market projected to reach 413.85 Billion USD by 2021
The Research Institute of Secure Hardware and Embedded Systems (RISE) hosted their 2nd Annual Conference at the National Liberal Club in London on 21st November 2019.
RISE was launched in November 2017 and is a global hub for research and innovation in hardware security. The institute is hosted by Queen’s University Belfast and is jointly funded by the Engineering and Physical Sciences Research Council (EPSRC) and the National Cyber Security Centre (NCSC). Partners in the project include Universities of Cambridge, Birmingham, Bristol, Edinburgh, Manchester and Surrey. A key aim of RISE is to bring together the hardware security community in the UK and build a strong network of national and international research partnerships.
The RISE Annual Conference brought together hardware security experts to address the most pressing issues in the industry. Professor Cetin Koc, University of California, delivered the keynote speech at the event discussing ‘Engineering of Post-Quantum Cryptography’. Delegates also heard project updates from key partners in the RISE project and a series of lightening talks from early career researchers and SMEs providing solutions to cyber threats.
The hardware encryption market is projected to reach 413.85 Billion USD by 2021. A major driver behind this growth is the rise of the Internet of Things (IoT), which offers enormous business opportunities for virtually every market. This is presenting exciting opportunities for research, and new business and economic impact in hardware security.
Professor Máire O’Neill, Director of RISE, commented: ‘The demand for hardware security research and innovation is increasing with growing security needs in embedded and networking devices and cloud services.
It is important to address security throughout a device’s lifecycle, from the initial design through to its operational environment.
A multi-layered approach to security is needed, establishing a trusted computing baseline that anchors trust in tamper-proof hardware. It is evident that a strong hardware security foundation is essential in realising secure systems (such as the IoT) and hardware-based security services.
This conference presents an opportunity to reflect on the highlights of RISE to date and strengthen our future plans to tackle the global problem of cyber threats’
During the time RISE has been operational, there have been further developments in the regulatory landscape of IoT. Four years ago, the discussion within industry was very much around self-regulation for IoT, there has since been progress on standardisation activities and further publications on codes of practice.
In late 2018, the Department for Digital, Culture, Media and Sport (DCMS) published a Code of Practice for Consumer IoT Security. ETSI (The European Telecommunications Standardisation Institute) launched their technical specification (TS 103 645) for Cyber Security for Consumer Internet of Things in February 2019, welcome news for consumers.
During engagements with companies, RISE emphasises the importance of the principles of secure by design/default from product inception. This engagement with industry will continue and the ETSI technical specification and DCMS Code of Practice provide excellent reference points.
Professor Máire O'Neill
Contact Helen McCrory for more information