Internet-connected devices can pose a threat to a company’s network if they do not adopt security measures. Employee negligence is also one of the primary reasons for cyber breaches. Other than that, gas stations have a high risk of being attacked if their automated tank gauges (ATGs) are on an unprotected internet network. It is imperative that IoT security should always be the priority to avoid the occurrence of cyber attacks. ATGs are a frequent target since they are not configured with strong passwords.

Employees tend to keep passwords that are either easy to remember or which are related to regular events—a reason that multi-factor authentication is implemented to prevent human errors. An entire network could be under threat if a secure technology is not utilized. Deploying end-to-end encryption to communicate with IoT devices can secure the network. Besides, the utilization of 256-bit symmetric encryption for private information can be useful.

Economizing cybersecurity and common human errors make the network susceptible to cyber attack. SOC 2 reports are useful for companies that store sensitive information. These reports dig into password policies and IoT technologies and highlight vulnerable areas regarding privacy and security of data that need improvement.

Conclusion: With the increasing number of devices connected to the internet, hackers will continue to seek an opportunity for their next attack, which gives rise to the importance of IoT cybersecurity. By training employees to operate their devices and ensuring a secure network, a company can safeguard its assets.