In the fear of security and privacy of the Internet of Things (IoT), companies should be aware that if the IoT project looks promising, it is worth the risk to ensure security.
The Internet of Things was once considered to be the next great evolution, but now both the private and public sectors have stagnated. Perhaps the main reason is the various negative news of IoT in data security. This raises a question: Should we really fear IoT? In this article we will explore this issue to understand why many companies are questioning whether investing in IoT is not the most sensible decision.
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It should be noted that the first is that consumers accept the IoT trend - this is also the main reason why companies are worried about IoT. From intelligent thermostats to smart garage openers, smoke detectors and doorbells, the consumer market is full of IoT products. But many non-branded brands don't consider security issues, and these vulnerable IoT devices can easily become part of a massively distributed denial of service (DDoS) botnet. So far, the most famous attack using the IoT botnet is the DDoS attack against the DNS provider Dyn in October 2016.
However, we must keep in mind that corporate IoT is very different from consumer IoT. Enterprise IoT devices are not only hardware and software independent, but IT architects who design IoT infrastructure are already adopting a security-first approach. Therefore, security is not only embedded in the IoT data collector itself, but the entire data transmission is protected. IoT projects involving sensitive data transfers include security measures such as centralized authentication/logging, end-to-end encryption, and automatic patching to quickly fix newly discovered security vulnerabilities.
Another thing IT leadership needs to consider is the traditional risk and reward decision making process. In many vertical business areas, IoT projects can be used to create significant competitive advantages. The fear of IoT is expanding the window of opportunity, as many companies' IoT projects are being shelved for fear of data security. But if the IoT project seems to have great potential, it is worth the risk to ensure security. Often in the enterprise, we must embrace fear and accept a certain degree of risk. Don't forget that early cloud deployers used cloud computing to gain a competitive advantage, and the opportunity window has been closed.
Personal data collection issues are another concern for business leaders. Although this is indeed a noteworthy thing, it can be overcome. When the concept of big data and the Internet of Things first appeared, the idea here was simply to collect and store everything -- and then figure out how to handle the collected data. But from the perspective of personal privacy (especially when you are collecting customer data), this is a bad practice. A better approach is to collect useful data points while protecting the privacy of others. Not only does this simplify the IoT project, it also helps you gain the trust of your customers.
The bottom line here is that if you have a suitable IoT project, concerns about data security should not stop you from moving forward. Of course, IoT is a bit scary, but if properly handled, the fear of corporate IoT can easily become the gospel of the enterprise.
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