3 Ways To Manage Security Risks Of The Internet Of Things

TheftThe emergence of the ‘internet of things’ (IoT) is an interesting phenomenon that is quickly gaining attention for providing immense benefits to corporations and other organizations.

It refers to the development of a network of inter-connected devices which can communicate with data in an efficient and interactive way. Devices such as computerized vehicles, wearable technology, and healthcare devices such as pacemakers all form part of a greater network of IoT.

A survey performed last year by Tripwire highlighted that nearly two-thirds of company executives had planned to implement IoT in their organizations. However, while their eagerness is commendable, 27% of respondents were ‘very concerned’ regarding the IoT security risks.

The risks of IoT are believed to be highly dangerous as hackers will have an opportunity hack and gain access to a greater network of physical devices. A 2014 report from HP revealed that 70% of all connected devices contain serious security flaws.

For corporations that are curious as to how such risks can be avoided, the following 3 ways can be of use.

Heighten security from the onset

Due to the inter-connectivity of devices, the risks associated with IoT data breach is amplified by multiple times. As the saying goes, ‘a chain is as strong as the weakest link’, and that couldn’t be more applicable when talking about the security risks of the internet of things.

This is because it has become far easier for hackers to bypass weak security on any device and through it can control over the entire network. Therefore, companies that seek to benefit from such a network need to install the highest security protocols and encryption technology from the onset so that any possibility of data breach is prevented.

Understand the scale of your network’s IoT risks

First things first; businesses need to have a clear and deep understanding of the scale of threats arising from their internet of things network of connected devices. Any failure to understand these risks can lead to insufficient security or counter measures to thwart the threats of cyber security.

Managers and CIOs need to carefully evaluate the different types of risks of their connected devices such as a lack of encryption technology, data authorization and authentication issues, and poor or outdated security protocols. Furthermore, the threats of risks need to be seen from each connected device and not as a whole network. This is because each device’s security level can vary that can determine how simple or difficult it is for hackers to get inside the network.

Keep your IT network separate from IoT network

Since security threats can be amplified by multiple levels, organizations need to take the necessary precaution of separating their IT network from their IoT network. This is because any sign of security breach of a connected device means that hackers have a greater likelihood of compromising secure IT network data.

The greater inter-connectivity of the devices means that if one gets hacked, then all other devices will be hacked. Companies, therefore, need to maintain two networks in parallel to ensure that IoT benefits are enjoyed without facing its risks.

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3 Ways To Manage Security Risks Of The Internet Of Things
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We Provided Three Ways To Manage Security Risks Of The Internet Of Things In This Article.
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