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Which strategies to adopt to minimize IoT risks

  • Post published:April 30, 2021

Do you know in early March this year, one of the most widespread cyber attacks took place in modern history. But you might wonder, how did the hackers do it? They pulled it by hacking into the 50,000 Verkada security cameras. And guess what. The hacker took credit for the attack and mocked how easy it was to breach IoT security.

What is scary is that hacking the cameras was merely just one example of IoT security risks in the litany of new attacks the hackers are willing to orchestrate. And companies and organizations are not even fully aware that their IoT devices are vulnerable to such breaches.

The problem is, IoT devices are so omnipresent now that they have the potential to compromise security on a larger scale. These devices are used for numerous everyday functions. For example, a maintenance team places an IoT monitoring device to avoid a premises breach. But imagine, if this device is hacked, it ultimately compromises the entire network.

In light of these facts, let’s discuss the strategies that your security team can adopt for IoT risks mitigation in order to avoid IoT security risks.

Abide by the Basic Cyber Practices to Avoid IoT security risks

For the goal of IoT risks mitigation, keep in mind that the usage of default credentials is one of the major mistakes committed by vendors—Verdaka being one of them. The use of hardcoded administrative credentials, combined with privileged access management and a lack of a secure credential repository, made it easy for the hacker to access a vast amount of real-time videos. It can be handled by conducting basic, scalable security hygiene IoT risks mitigation such as patching, inventory, and credential management.

As the number of connected devices increases, organizations will need to automate firmware against IoT security risks. Malicious code and software bugs can be removed through software automation. This will also improve the performance of the devices.

Abide by the Basic Cyber Practices to Avoid IoT security risks

Adopt A Zero-Trust Model for IoT Risks Mitigation

Since most companies are unaware that their devices are connected to the IoT network, adopt a Zero-Trust policy to avoid ungranted access to your network. For those who don’t know, Zero-Trust is a framework for network security with the principle that organizations should not trust any device with access credentials.

With the help of this framework, when a network administrator logs in, it asks for two-factor authentication to reduce unauthorized access. Also, each device is constantly checked for changes to its inherent trust when it tries to access data.

Adopt A Zero-Trust Model for IoT Risks Mitigation

Buy IoT Devices from Reputable Sources

For the sake of impregnable security, end-users should remain on their toes when working with trusted vendors. It would be best if you always buy IoT devices from reputable sources after making sure that they are not banned by the government. You should also check for the strong track record of high-security standards.

To increase the security posture, you should automate the application of unique credentials and password rotation. Using automated tools for credential management and inventory helps IT teams keep pace without being overwhelmed.

Buy IoT Devices from Reputable Sources

Be Confident – No More IoT Security Risks

With the above-discussed approaches to avoid IoT security risks, security officers of the organizations can prevent their company from becoming the victim of hacking and since these IoT risks mitigation techniques really work. By taking steps now to monitor the devices, your security team will be confident that their company’s ecosystem and information are both secure.

Because such risks are getting prevalent with time, you should also be concerned about your IoT security and should aim for IoT risk mitigation. To achieve that, reach out to the IoT expert services providers in vteams and be risk-free.