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Addressing IoT Security in the Age of Enterprise Mobility

By Olivia Munro,
Thursday, May 31st, 2018

In today's workplace, approximately 77% of American adults own a smartphone, and almost 25% are using wearable technologies like fitness trackers and smart watches. With these devices now commonplace in today's enterprise information technology space, it is crucial to address the risks associated with these devices and take action to mitigate these threats. IoT technology has become an ideal target for cyber criminals intent on hacking into company servers, and IoT devices are not equipped to repel modern hackers. This said, it is crucial to be aware of the threat environment and implement data security measures to make up for the inherent vulnerabilities.

Grappling with IoT Hazards

Two common types of IoT attacks include distributed denial of service (DDoS) strikes and eavesdropping operations.

With distributed denial of service attacks, connected devices are turned against the businesses and individuals using them. Hackers will insert malware into company servers responsible for controlling enterprise IoT fixtures and then attack connected assets. These attacks increased by 91% in 2017, due in part to the increase of IoT technology. 

In addition to these strikes, cyber criminals also conduct traditional attacks using IoT devices. DDoS and data mining attacks are becoming more regular among businesses with IoT infrastructures, with more than 60% of such organizations having experienced breaches and strikes linked to connected devices.

Improving IoT Security Internally

Organizations must invest in digital defenses to ensure that IoT devices and the systems they use to interact with connected assets are properly secured. Solutions include:

This said, your firm should be prepared for the worst case scenario: complete system shutdown. Having a disaster recovery plan as well as an incident response plan are necessary. Employees must be able to access copies of mission critical applications and files in the event that an attack occurs. 

Achieving Information without Tragedy

IoT technology can become more of a hazard than an asset when organizations don't take the proper steps to ensure security. To learn more about IoT security, click here to read our whitepaper "Addressing IoT Security in the Age of Enterprise Mobility".



 

Categorized under: Security  Hedge Fund Operations  Software  Trends We're Seeing 



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