What is it, how does it work and what are some examples?

The Internet of Things has enabled almost everything in our lives to connect. From smart homes, that allow us to remotely control our TVs, security, ovens or even fridges, to smartwatches and fitness devices.

Whilst the connectivity may make our lives more convenient, as with all things online and internet based, the more sophisticated technology gets, so do the minds of cybercriminals.

According to Google, The Internet of Things is the inter-connection via the Internet of computing devices embedded in everyday objects, enabling them to send and receive data.

Here are some of the biggest cybersecurity risks surrounding IoT development...


Security Issues


When you add a new device to your digital system, do you change its password? According to a study, a staggering 47% of users do not. Default passwords on IoT devices should always be reset to longer passphrases to ensure that something like your printer doesn't become a gateway to your more sensitive information.

Data


Technology has allowed us to gather big data which is hugely beneficial to organisations. However at the same time technology also ensures that more people have access to this data through their devices. This makes it more difficult for IT teams to secure the flow of data between personal devices. Therefore increasing the likelihood of "accidental” data leaks.

Cybersecurity and Public Safety


More and more infrastructure systems are digitalising - think about online banking and access to your municipal accounts for example. This introduces a level of convenience but also opens up the system to cybercrime. It raises the stakes for adequate cybersecurity considerably, as a compromised system can have much larger consequences than just a loss of profitability and efficiency, Ca lows criminals access to sensitive customer data.

To ensure that organisations are protected from cyber attacks, the collaboration between the CISO and the Risk Manager is paramount as well as the discussion with other business leaders them across the company. Individuals should remain savvy, stay up to date with the risks of new technologies and always take all possible security steps to protect your privacy.