IoT, or Internet of Things, is the term used to describe a broad range of internet-connected devices. From household appliances to industrial machinery, IoT devices are increasingly being exploited by attackers in order to gain unauthorised access to networks and compromise data.
The interconnected nature of IoT devices means that exploitation can have widespread consequences.
At present, manufacturers of consumer IoT devices have no rules that require their products meet minimum cyber security standards. With internet-connected devices becoming increasingly common in Australian homes, from smart TVs to baby-monitors, the time has come to establish standards so consumers have confidence they are purchasing secure products.
The Australian Government has launched an initiative to develop a voluntary code of practice for consumer-oriented IoT devices. The hope is that a voluntary industry code will be sufficient to uplift cybersecurity, but if necessary, the Government could move to mandatory standards.
According to Damien Manuel, chairman of the Australian Information Security Association (ASIA), the trend towards greater consumer protections is clear. “It is inevitable that connected devices will have cyber security ratings within five years…A device’s cyber security rating will become a key part of the consumer decision-making process.”
For manufacturers of IoT devices, contact Shearwater to learn how you can ensure your products meet your customers’ cybersecurity expectations.