blog cover IOT

IS YOUR BUSINESS AT RISK FROM THE INTERNET OF THINGS?

There are a great many security challenges for businesses related to the proliferation of Internet of Things (IoT) connected devices. As more and more of these devices hit the market, most do not include any sort of basic security required to protect the networks these devices are connected to or the information they are broadcasting. This leaves a great many businesses unexpectedly vulnerable to a wide range of risks they may not be aware of.

If your business has IoT devices in and around your office, there are five significant security risks you need to consider to ensure the integrity of your IT operations and the security of the information in your office.

Lack of Proper Encryption

It is rare for IoT technology to contain even the most basic encryption systems included during manufacturing. The lack of encryption controls leaves all data transmitted in connection with IoT devices completely unprotected from outside threats if intercepted. Failing to properly encrypt sensitive customer data, especially for businesses under HIPAA regulations can be a violation of the law and non-compliance may result in hefty financial penalties.

Absence of Regulatory Requirements

Since many IoT devices are designed to house sensors that have the ability to collect, store, and share all direct and indirect communications or data interconnected with the devices, you must consider the high probability that your business’ sensitive or proprietary information could be accessed or exposed without your knowledge or permission. Currently, IoT product manufacturers have no universal standards or global regulations to comply with when it comes to explicit security or data privacy controls required for production. Without universal standards or accountability via enforcement, it’s easy to understand how IoT devices generate increased risks and threats to IT security and data protection.

Default Password Vulnerabilities

Many IoT devices come with weak default passwords that can be easily cracked. While these can be changed once connected to a network, many  ignore or neglect changing passwords, which can leave devices vulnerable. If you have these devices, make sure you are not using default or factory passwords.

Inability to Detect Breaches or Predict Threats

IoT ecosystems are very complex and all come from different manufacturers, making it very difficult for businesses to manage IoT security with a single solution. Due to vast and diverse data types and computing powers across all IoT devices, a “one size fits all” security solution is unrealistic. Also, there is a general lack of understanding and awareness of IoT security risks at the end-user level. Businesses need to be aware of the different IoT security threats to be able to implement security policies.

Inadequate Patch Management

What happens when these products need a firmware update or a patch? Nearly all IoT devices available today lack the capability to be patched with security updates – leaving them exposed indefinitely to risks that only increase over time. Even if they are able to be patched, this isn’t something most people think to even check for, let alone figure out how to do.  As this software goes out of date, this can create an unprotected back door for hackers to infiltrate your system and potentially steal data or install ransomware.

How to Overcome IoT Security Challenges

 

Partnering with a Managed IT Service provider who specializes in network and data security and has experience managing effective cybersecurity strategy can help secure your business from these hidden threats. Here are a few ways a Managed Service Provider like TechSeven Partners Helps our Clients Enhance Their IoT Security Posture:

Identifying Security Gaps in the Environment

It all starts with identifying vulnerabilities in a network by conducting risk assessments in your environment and analyzing any potential security gaps.

Implementing Layered Security Procedures

This involves the deployment of advanced security tools and procedures that protect IoT devices from infiltration. These include tools that automate patch management, implement two-factor authentication, enable compliance with security policies and monitor backups to bolster security.

Advanced Email Security

This entails the deployment of email security solutions that protect clients’ employee mailboxes, limiting the spread of ransomware. These solutions detect unsafe emails and attachments and deter phishing attempts.

Security Awareness Training

MSPs also provide training to their clients on how to recognize phishing emails and avoid opening emails from untrusted sources.

Contact TechSeven Partners to learn more about how a managed IT service provider can help mitigate operational data integrity risks associated with IoT by signing up for a consultation  here. If you are a current client, please reach out to your technical account manager to ensure you have our newest cybersecurity package.

FREE DOWNLOAD: DISCOVER 7 COMMON INTERNET OF THINGS (IoT) SECURITY GAPS THAT LEAD TO COSTLY DATA BREACHES

Untitled design (28)