How,Secure,Internet,Things,IoT business, insurance How Secure is Internet of Things (IoT) - Experts Guide
They're simple, recognizable, and everywhere. No matter how high tech our world gets, nothing has replaced the old-fashioned gumball machine as a source of traffic, profit and delight. But even with something this simple and well-loved, Tax season is often referred to as the busy season for accounting firms. Everyone is exceptionally busy managing the flow of paperwork and digital files, preparing returns, meeting deadlines, and researching questions and problems. Unfor
IoT enables many new functionalities and possibilities to enhance living and business. However, more IoT leads to insecurity and responsibilities. IoT as a spectrum is growing and new technologies are implemented rapidly with an increase in usage of IoT devices. The basic security issue is due to the lack of proper standards and proposed regulations; the existing standards and regulations are still underdeveloped.Threats for IoT aren't completely new. Most of the threats & vulnerabilities already exist all these years. Every day there are a number of attacks, targeting IoT Devices. The entry point is mostly a small mistake or avoidance in protection(encryption/authentication), restriction & monitoring standards.One of the vulnerabilities discovered in medical devices being the Medtronic's - Implantable Defibrillators, a small surgically implanted device in patients' chests that gives a patient's heart an electric shock to reestablish a normal heartbeat; is vulnerable to Life-Threatening hacks due to lack of authentication and encryption.Consumers and businesses are frequently in search of devices that make the work easier in a short time. However, they don’t care about the privacy & security issues associated with it. Especially they choose devices which give more functionality unaware that most of the devices are frequently under attack or weak encryption standard. Also, most manufacturers don’t follow updated standards or regulations, frequent backups, proper monitoring and patch management. An example of this negligence, leading to the well known recent attack in Norsk Hydro, one of the world’s largest makers of aluminium was under a severe ransomware attack.According to the Global System for Mobile Communications Association (GSMA) Intelligence, by 2025 there will be 25 Billion IoT connections. When we adopt new technology, it is our responsibility to make it a secure platform before making it available to end-users.To secure IoT, we need to make sure that the devices are manufactured with the highest available security standards and regulations followed. Also, we need continuous monitoring and access control, patch management, better encryption and authentication, implementation of Artificial Intelligence (AI) with complete control, highly secure cloud computing and more.IARM, Information Security Services are happy to help with securing your IoT with most of the sections mentioned above to make your business secure against most IoT attacks.