Standards for smart devices handling of data
Data breaches are common enough with retailers and websites, but connected devices pose a whole new set of risks due to the personal nature of these products. Because of the interconnectedness and “smart” capabilities of IoT products, financial and personal information theft are all possible. Of particular concern is health information (currently the most valuable commodity on the Dark Web), and this could become a bigger threat down the road, particularly if IoT devices create/store health records or share access to medical providers.
For those who own smart devices, at a bare minimum you need to do five things: (1) make sure the web connection is encrypted (HTTPS); (2) reset the password; (3) check regularly for firmware and software updates; (4) keep your IoT gizmos on a different WiFi channel than the home computer (most modern routers allow you to do this); and (5) don’t share anything with an IoT device that you aren’t willing to lose, whether it’s private information or access to your personal space. more
Security is a cat and mouse game. Often best practices that are prescribed , if followed by a business , reduces its liability In the event of theft. There is no silver bullet that can completely prevent a security breach. Business organisations absorb these losses as a normal practice. more