Tag Archive for: IoT

Complete guide to IoT Security

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The IoT market is projected to hit the $1.5 Trillion mark by 2025. Doesn’t that number look staggering? Putting in perspective, it’s a 600% growth from 2019, when the IoT market was pegged at $250 Billion. It is expected that 25 billion devices will be a part of the IoT network by 2025 with smartphones making 24% or 6 billion of the total devices. The biggest beneficiary of the IoT revolution is Industry 4.0. The IoT revolution can take off only if we can secure troves of data flowing through billions of IoT connections. This brings us to the focus point – IoT Security.

Complete Guide to IoT Security
Complete guide to IoT Security – Sectrio

IoT Security – The key that unlocks Industry 4.0

DevOps Connect:DevSecOps @ RSAC 2022

IoT security involves securing software, hardware, and networks that store, handle, collect, transmit, and process data. Be it your garage shutter, rolling up when your car enters your home perimeter, or your lights turning on the moment you enter the room, work on sensors. These sensors collect and send the data to a Command Center, which then processes and sends the response. This data needs to be secured. Your devices need to be secured. The entire network needs to be secured. This is what IoT security deals with. It comprises tools, strategies, and methods to secure you from bad actors who constantly keep coming back to find vulnerabilities in your networks.

Unlike device-based security, like a smartphone or a laptop, IoT security is cloud-based. It is the fundamental block of the IoT – Big Data – Cloud Computing ecosystem. While IoT devices help in generating and collecting the data, the Big Data platform deals with analytics. The cloud computing system stores, processes, and addresses other aspects related to data mobility. IoT security ensures that everything taking place in the cloud and within the IoT devices is well protected.

“The fate of Industry 4.0 is in the hands of IoT security and not just IoT device interconnectivity”, opines major players in Technology, Industries, Logistics, Commerce, and Government agencies. To tackle IoT Security challenges, Sectrio believes in the deployment of a robust IoT security management plan. At a design level, adopting security-by-design architecture is…

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IoT and Machine Identity Management in Financial Services

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IoT and Machine Identity Management in Financial Services
brooke.crothers
Tue, 06/28/2022 – 17:39

How is IoT changing the financial sector?

IoT has already positively impacted the financial sector and will only continue to in the future. The bank of things facilitates the billions of data transfers that take place every day. It enables insurance companies to collect and share data with customers about their insured goods in real time, allows consumers to make instant contactless payments and provides the framework for retail banks to collect information on each customer that enters one of their locations.

DevOps Connect:DevSecOps @ RSAC 2022

The most notable and well-documented example of investment in the IoT infrastructure has been by retail banks. To create a convenient consumer experience, they have invested growing amounts of revenue into “fintech” that makes payment transactions and transfers behind the seamless processes that we know and use today.

IoT has also transformed the financial services sector in a variety of ways:

  • Real-time data. With IoT, data can be gathered in real-time. This gives banks a huge advantage since they can quickly make important financial decisions.
  • Fraud detection. IoT has helped mitigate many risks associated with fraud and has helped detect and block hacked accounts. IoT can gather user data and analyze the activity, where it is then sent over to the cloud, where it matches the user’s typical behavioral patterns. If any unusual data has been detected, the user will be alerted, and the account will become temporarily disabled.
  • Better investment decisions. Tracking the real-time state of the market can help improve investment decision-making. IoT has the ability and potential to make accurate business predictions and track company behaviors.
  • Personalized customer experience. IoT personalizes the customer’s experience and provides real-time data to make more informed decisions, while providing a seamless experience.
Security challenges are looming

The susceptibility of fintech devices and networks to malfunctioning is a big concern. In June 2018, Visa payment systems crashed throughout Europe, preventing millions of customers from using POS devices to pay for goods….

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