The Internet Of Things or often referred to as iOT Technology is vastly growing all around us. In our homes, our cars, at work and when we’re out and about enjoying relaxation time.
Well-known and discussed within the media for some time now, the Internet Of Things iOT technology is used to bring modern day products ‘alive’ and under our control with simple instructions using the likes of an app on a smartphone or speech commands through an auditory device.
The Internet Of Things is now allowing us to interact with toys, turn on our washing machines, boil our kettle or turn on and off our central heating with just the touch of an app. And now we have the likes of Amazon’s Alexa who can add items to our shopping lists, find our latest playlist or tell us what’s on in our diary at Saturday 3pm. In a world, which seems so busy these gadgets have been inspired and designed using Internet Of Things iOT technology to make our lives feel more organised – to plan for that moment when we need to be prepared.
So How Could Internet OF Things iOT Technology Affect Us?
Whilst manufacturing companies are now using Internet Of Things iOT technology to integrate products with people in many ways, the issue here isn’t really with whether or not the products are improving our efficiency but rather how the way in which they are building the products is effecting our everyday lives in terms Cyber Security.
Unfortunately, often Internet Of Things iOT Technology code is used across several types of products but ultimately stems back to a single source. Similarly, like the branches of a tree, a single core trunk could be running several product lines which inevitably stems from an original default code which is not individually password encrypted and is being controlled through unprotected firmware.
This ultimately gives way to vulnerabilities whereby bots can track through code and potentially bring down whole IT systems, spy into people’s homes, freely access Wi-Fi networks and intercept our own commands by overriding with their own.
So how can manufacturers protect consumers?
Fundamentally, manufacturers need to improve their methods in understanding the code used to work with their products. Writing own code from scratch and encrypting along the way will ensure tighter security and a clear understanding of the complete operation. Sadly, this is often the more expensive route and so in seeking to make cost saving measures, manufacturers will often buy off-the -shelf code with little understanding as to what has been designed before them and so have little knowledge of underlying security issues already looming within the default code.
If off-the-shelf methods are the only option, the relevant coding must be heavily tested prior to release. Added levels of password protection must be built into the relevant IT system and the option for consumers to password protect their gadgets independently of the manufacturer should be available within the product set-up, with the ability to indicate when updates are required to re-align the product and to protect consumers from untoward cyber security threats.
What Insurance is available to help manufacturers and protect consumers?
Is your business using Internet connected devices and worried about the cyber security risks involved as a result? Contact our expert Cyber Security Insurance Team for further information on how you can embrace Internet Of Things iOT Technology and create opportunities for your Business without having to fear the repercussions of a data protection breach or cyber-attack.
Further Reading on Internet Of Things iOT Technology: