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Kathleen Martin

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The impact.
When you strap on your smart watch or speak to your smart home devices you engage with the Internet of Things (IoT), but by doing so might you also be welcoming hackers into your life?
A first-time multistakeholder collaboration convened by the World Economic Forum has recognized the risks, and formed a global consensus for baseline IoT security measures to protect consumers.
Through the Council on the Connected World a multistakeholder community worked together over 6 months to agree on five IoT security requirements for consumer-facing devices:
  • Must not have universal default passwords
  • Must keep software updated
  • Must have secure communication
  • Must ensure that personal data is secure
  • Must implement a vulnerability disclosure policy
The community has called on some of the world’s biggest manufacturers and vendors to take action for better IoT security. Their Statement of Support has been endorsed by more than 100 organizations from across stakeholder groups – including leading technology companies, industry organizations, civil society groups, and government cybersecurity agencies.
These include: ArçelikArmAstraZenecaBlocPowerBrainBox AICheck Point Software TechnologiesDeloitteFluxusGoogleGraymaticsHCL TechnologiesHumanFirstKudelskiMicrosoftNECNTTQualcommQuintessenceLabsSENSOROSignifyTrinity Mobility, Unitel, the UK Government’s Department of Digital, Culture, Media & Sports (DCMS), the Cyber Threat Alliance and many others.
“As we look to new technologies to help address pressing global challenges – from climate change to rapid urbanization – we must ensure this progress does not come at a cost to individual safety and privacy.” — Jeff Merritt, Head of Urban Transformation, World Economic Forum
What’s the challenge?
IoT applications such as connected thermal cameras, contact tracing devices and health-monitoring wearables are providing critical data needed to help fight COVID-19 while temperature sensors and parcel tracking will help ensure that sensitive vaccines are distributed safely. Yet the use of IoT in fighting the pandemic has also raised concerns about security, privacy, interoperability and equity.
The global consumer IoT market is forecasted to reach $154 Billion USD by 2028. As the use of connected devices increases, so does the potential for cyber threats – particularly as new products introduce vulnerabilities, potentially exposing people to hacking or leaks of personal data.
Continue reading: https://europeansting.com/2022/02/23/iot-security-how-we-are-keeping-consumers-safe-from-cyber-threats/
 

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