Share with your friends










Submit

Analytics Magazine

Report: Urgent action needed to tame ‘Wild West’ of IoT

A recent report by Scrutinise Research and Analysis finds that immediate action is required to avert potentially disastrous security breaches of connected devices by cyber terrorists and criminals in the current “Wild West” of the Internet of Things (IoT). The report, “Securing the Internet of Things,” recommends a four-pronged approach to prevent security breaches of IoT devices that could have wide reaching consequences:

  1. Manufacturers should build security into their products at the outset, with appropriate commercial incentives.
  2. Consumers must be educated about the importance of security and how to keep devices and personal data safe.
  3. Industry associations and vendors need to agree on internationally acceptable IoT security standards and best practice.
  4. Governments should ensure that regulation encompasses the security of the evolving IoT landscape, and provide for and implement penalties for non-compliance.

The report, published jointly with Ilex Content Strategies, notes that there are no specific IoT security standards or regulations currently in place, leading to a “Wild West” situation where security is at risk of being compromised. The report features comments from industry experts from the IoT Security Foundation, the GSMA, Cisco Systems and Trustonic, among others.

“Given that the proliferation of connected devices goes way beyond smartphones and home entertainment to include medical equipment, connected cars and even power plants, urgent action is needed to improve the security of these devices to ensure we are not vulnerable to those who might seek to exploit current weaknesses,” says Sacha Kavanagh, co-founder and senior analyst at Scrutinise. “Everyone in the IoT ecosystem shares a responsibility to improve security.”

The report details how more partnerships and collaborations between tech firms on both the equipment and service sides of the fence are needed, as well as with manufacturers in other industries that will become part of the IoT supply chain.

“It’s great to be tackling some of the big technology issues that have the potential to shape our society and the way we live for years to come,” says Lucia Barbato, director, Ilex Content Strategies. “The IoT has moved beyond hype but how it is used is still evolving. A consumer education program will be needed to make sure that devices and data remain safe. Likewise, we anticipate governments will need to incentivize manufacturers to build security into their devices as part of any regulatory framework.”

Related Posts

  • 57
    IoT (Internet of Things) devices have become increasingly popular in recent years. They are all around us – from fitness trackers on our wrists to smart thermostats in our homes – and adoption will only continue to grow in the coming years. In fact, Gartner, Inc. reported that 5.5 million…
    Tags: iot, devices, things, internet
  • 51
    Imagine a sensor inside an offshore drilling rig. The sensor checks for damage to a critical valve. To do so, the sensor regulates pressure in the oil well 7,000 feet below the ocean’s surface. This sensor generates data that might have gone unnoticed half a decade ago. Back then, the…
    Tags: iot, things, internet
  • 49
    Through advances such as big data and the Internet of Things (IoT), the field of analytics has been growing by leaps and bounds. However, much of the focus, particularly in the United States, has been in the consumer (i.e., business-to-consumer, or B2C) market. Indeed, much of the innovation coming out…
    Tags: things, internet
  • 48
    While techies debate the state of the Internet of Things and its potential to transform the way we interact with almost everything, there’s little doubt that the IoT will continue to be a topic of great interest throughout the worldwide analytics community and beyond for many years to come.
    Tags: iot, things, internet, devices
  • 42
    By Gal Horvitz IoT (Internet of Things) devices have become increasingly popular in recent years. They are all around us – from fitness trackers on our wrists to smart thermostats in our homes – and adoption will only continue to grow in the coming years. In fact, Gartner, Inc. reported…
    Tags: iot, devices, things, internet

Analytics Blog

Electoral College put to the math test


With the campaign two months behind us and the inauguration of Donald Trump two days away, isn’t it time to put the 2016 U.S. presidential election to bed and focus on issues that have yet to be decided? Of course not.

Headlines

Holiday Retirement earns Edelman Award

Holiday Retirement won the 2017 Franz Edelman Award for Achievement in Operations Research and the Management Sciences from INFORMS for its use of operations research (O.R.) to improve the pricing model for its more than 300 senior living communities across the United States. Read more →

U.S. Air Force and Disney receive the 2017 INFORMS Prize

The U.S. Air Force and The Walt Disney Company both received the 2017 INFORMS Prize for their pioneering and enduring integration of operations research (O.R.) and analytics programs into their organizations. The prizes were presented at the INFORMS Conference on Business Analytics & Operations Research in April in Las Vegas. Read more →

Air Force Academy’s O.R. program saluted

The U.S. Air Force Academy won the 2017 UPS George D. Smith Prize for its operations research (O.R.) program, which prepares graduates to become frontline O.R. practitioners as analysts in the Air Force. The program exposes more than 50 percent of cadets to at least one O.R. course and provides cadets the opportunity to graduate with a Bachelor of Science degree in O.R. Read more →

UPCOMING ANALYTICS EVENTS

INFORMS-SPONSORED EVENTS

CONFERENCES

2017 INFORMS Healthcare Conference
July 26-28, 2017, Rotterdam, the Netherlands

CAP® EXAM SCHEDULE

CAP® Exam computer-based testing sites are available in 700 locations worldwide. Take the exam close to home and on your schedule:


 
For more information, go to 
https://www.certifiedanalytics.org.