As we speak about how much potential for IoT the Southeast Asian market has, we tend to focus a lot on its benefits and how IoT can generate revenue and improve business operations. There is a gross undermining of the vulnerabilities that IoT creates. Despite the apparent importance of IoT, widespread adoption of the technology is still slow. Perhaps, this can be attributed to security concerns.
Connected devices are highly susceptible to penetration and infiltration by hackers. Its connected nature severely amplifies any malicious attacks on devices, and data associated with IoT devices can easily be stolen. As a result, businesses, government bodies, and consumers are wary of installing IoT devices in their cities and businesses.
According to BI Intelligence report, top security flaws of IoT devices include insecure software/firmware, insufficient authentication, lack of transport authentication, user identity, and unencrypted network services.
While the IoT is taking flight in the Southeast Asian region, security problems should also be addressed and faced head-on. While local governments are starting to establish security developments e.g Indonesia’s National Cyber Agency (NCA) and Indonesia Security Incident Response Team on Internet Infrastructure (ID-RTII), the notion of addressing security vulnerabilities of the IoT creates opportunity for security solutions to be put in place.
The Asia IoT Business Platform is looking for corporations and enterprises that offer security solutions to be part of the 5th edition at Fairmont Jakarta, Indonesia from 25-26 August 2015. For sponsorship and exhibition opportunities, please visit here.
Jul 2, 2015