As more workplaces are adopting new technology and are introducing IoT (Internet of Things) devices into the office, the threats to security and privacy are widening, reports the Cyber Security Research Institute.
Amazon Echo, Google Home, Apple Homepod and many others. What have been known as consumer IoT devices are now making their way to the business world, bringing new worries and concerns along with them. Whilst the purpose of voice and other internet reliant assistants are to make our lives easier, they also come attached with their own risks and new reasons to give businesses a major headache, according to many experts in the cybersecurity industry.
Risk vs. Reward
Following on from a report titled ‘Internet of things: pinning down the IoT’, experts believe that “inadequate regulations on security and privacy are at the heart of the problem”. The risks posed by unsecured IoT devices could be crippling to businesses, with the potential for cyber criminals to use the technology to develop specialist ‘toolkits’ able to hack into the likes of online payment services or data drives used by businesses in order to extort funds or even shut down entire computer networks. Of course, the implementation of IoT into the business sector has become inevitable but with the right safeguards and management in place, IoT devices have been known to help speed up production processes and improve overall company productivity levels.
Patch It Up
Providing regular software updates and vulnerability patches will become key in helping to prevent and lessen the likelihood of IoT devices in the workplace being exploited. Statistics from the Flexera Vulnerability Review reveal that 17,147 software vulnerabilities were discovered in 2016, with the number of ‘highly critical’ vulnerabilities growing from 13% to an alarming 18% over the course of the past few years. As these threats are growing and becoming more advanced by the minute, importance is being placed on threat prevention software and tools being incorporated by businesses in order to place themselves one step ahead of potential cyber criminals or hackers. With the introduction of GDPR in May this year, it is vital that companies are on top of their security and privacy protocols, with IoT devices correctly protected and safeguarded becoming a clear new focus.