Privacy within IOT is an ongoing concern and questions around the security of IOT have been raised yet again. It remains a major barrier in the adoption of IOT with three varying factors behind its residence.

  1. Hardware – With varying components used across many devices. Default hardware and their passwords means that access levels are not bespoke or unique to specific products.
  2. Software – Hackers are always going to try to infiltrate products. Regularly updating software to combat against new threats is an ongoing process in protecting privacy within IOT. It’s not a case of selling a product, take the profit and you’re done. There is a longer-term commitment in supporting customers.
  3. Networks – Securing networks so that they operate on a private network will stop a violation in the first place. The problem is that there are too many networks with varying capabilities, used across the globe by end-users and consumers to meet all their requirements.

How the federal government is investigating privacy within IOT

This comes at a time when only last month the US congress passed a unanimous bill, named Internet of Things (IoT) Cybersecurity Improvement Act of 2020 which looks to address the supply chain risk in terms of privacy within IOT within the federal government.

The bill requires those private commercial companies who sell IOT connected devices to the federal government to notify agencies if any vulnerabilities are known, which could be used by hackers.

Is your company investigating into new ways for including digital IOT into both consumer-based goods and commercial manufacturing devices? Do you have a keen interest in privacy within IOT? Here at Crendon Insurance we are supporting innovative companies through the technological age by means of protecting against liability. Combined IOT insurance, cyber security insurance, intellectual property insurance and digital IT insurance policy protect commercial businesses from unforeseen circumstances. To find out how we can assist your further, please get in touch or see our website for more details.

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