Are You Doing Enough to Protect Your IoT Driven Company?

IoT is paramount for business growth. New devices and solutions are deployed at rapid speed creating new possibilities for businesses to explore every day. However, in exchange for speed, they let security take the back seat and open themselves for new attacks to come in like the Satori Botnet and DDoS attacks.

The losses companies incur from security attacks can be debilitating to their business; from the loss of sensitive information to the loss of trust from customers. A survey shows that among companies struggling the most with IoT security, 25% reported IoT security-related losses of at least $34 million in the last two years. Are you doing enough to protect your company from a similar fate?

Check out what other enterprises are focusing on to build strong security for their data.

Encrypting sensitive data
Simplified, encrypting means scrambling readable sensitive data into an unreadable format. After encrypted, your data can only be decrypted with a special key. Having done that step, now utilizing a software-based encryption key storage is just as important as storing the encrypted data. You don’t want to lose your data and the only key to retrieve it.

Ensuring device data integrity
There are many authentication methods available to use. Maybe a two-factor authentication is enough for you, or maybe you need a one-stop management solution like Telkomsel IoT Control Center to manage and protect all your devices for you. The point is to implement the methods according to the device’s purpose and across all your connected devices in the system. It only takes one unsecured device to open your whole network to cyber attacks.

Scaling security measures
It’s not enough to pay attention to your IoT architecture’s physical security, get firmware updates with security patches, or using simple local authentication methods. You need to scale your security measures by creating layers in your network. From separating your IoT device using a VLAN connection, limiting access to certain IoT network or devices, regularly monitoring your network’s health, to getting end-to-end encryption to completely protect sensitive data as it crosses networks and backed-up on storage. Finally, have an IoT security breach plan to know which data you’re collecting and how to mitigate any problem if that data is stolen or leaked.

Securing over the air updates
Recently, Tesla has proven that Over The Air (OTA) Update is an effective solution in keeping vehicles road ready with no recall necessary. However, security is still a concern that keeps OTA from being implemented across all connected vehicles. That being said, if your business uses OTA, make sure your network is secure before receiving one, and that the patch you’re receiving is safe.

Enterprises who are successful in building a secure data system focused their efforts on scaling their security measures in authentication and identity, encryption and data integrity. When it comes to keeping your data secure, no risk is too low and no price is too high.

Do you have the best option for secure and reliable connection for your business? Get in touch with one of our IoT experts and see what secure connectivity looks like. Looking to manage all your connected devices in one secure and powerful solution? Check out what Telkomsel IoT Control Center can do for your connected business.