IoT Security Compliance Checklist
IoT Security Compliance Checklist
Want to make sure your IoT devices are secure? Read through this checklist on keeping your IoT devices within the security framework.
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Recurrent cases of cyber attacks such as the Dyn Cyberattack in 2016 and the Jeep Cherokee Hack in 2014 are all proof that any IoT device needs a robust IoT security framework in place to avoid any security breach. Any hack into an IoT network can make bring a business to a complete standstill. This can lead to a loss in brand loyalty, loss in revenue, and more, depending on the nature and severity of the attack. In fact, Cyber attacks cost U.S. enterprises $1.3 million on average in 2017. This is a huge figure considering the fact that the average cost of a cyber attack for enterprises grew from $1.2 million in 2016 to $1.3 million in 2017. That’s 10 times higher than the $117K cost of a breach for SMBs. To understand more, read the Importance of IoT Security Compliance.
Components of IoT Security Compliance Framework
Several businesses prefer to outsource their IoT security compliance to third party agencies to ensure that the best minds in the industry are at work to maintain IoT and device security of the organization. However, merely entrusting your security compliance framework with an external body does not mitigate your risk of falling prey to cyber attacks and IoT security breaches. You need to ensure that the compliance framework takes into consideration the following factors in your security audit checklist:
Product/Device Life Cycle
Security needs consideration right from the beginning stage of the product's lifecycle. Security considerations should be embedded into the design as well as the functionality of an IoT device. Similarly, the life cycle of devices being used in the organization also needs to be monitored. For instance, past employees must not have access to current data. This is because devices must not stay on a network after the requirement for access is over. A sound security compliance framework must closely monitor who can access specific devices and what actions a device is allowed to perform.
Authorization and Authentication
These are the two keywords that must be present in every security assessment checklist. Authority implies role-based access controls over functionalities of an IoT product. This not only limits access in multi-user products, but it also helps to mitigate the effects if the security of a device or product is compromised. IoT devices perform to their fullest potential by communicating with other IoT devices and networks. This is like a two-sided sword, the threats at times can outweigh the benefits. Communication with an unsecured device or network leads to security vulnerabilities due to malicious applications. Thus, security frameworks must allow for only authenticated devices to connect with each other.
All IoT Products must limit the data that they collect so that there is a lower chance of data breach. Storing unnecessary Data about the consumer leads to a higher chance of data exposure to unauthorized parties. Manufacturing organizations also need to provide visibility about the data they are collecting and why it is crucial. Further, there should be opt-out options wherever possible.
Testing is an integral part of ensuring efficiency for your chosen IoT security framework. Testing must include physical testing, digital testing, and third-party testing. Continual testing, followed by relevant patching, is a must for a secure IoT security compliance framework.
The security framework must be flexible enough to accommodate new tools and guidelines in the industry. An essential way of doing so is making software updates as automated as possible. Allowing this will mean that when new threats are discovered, the mechanisms to deal with the vulnerabilities can be updated across all devices without waiting for user validation.
All your IoT products must come with the remote patching functionality. This can help save thousands of dollars spent on product recall or vendor services. Security management can be a lot easier with this functionality, and it also improves customer user experience.
Any number of functionalities are useless unless the IoT compliance framework can detect intrusion and send appropriate alerts in real-time. The primary challenge for detecting intrusion is incapability of most platforms in processing big data. Since data deciphered from IoT is enormous, the platform being used to process such data must be compatible to interpret vast volumes of data. The platform must be able to provide insights such as anomalies in the traffic pattern and malicious behavior to provide behavioral analytics. Any divergence from normal behavior can trigger alerts to required parties, giving them appropriate leads on the action required.
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