The Internet of Things (IoT) has an important role to play in the future of information security. It will extend the reach of the Internet into devices and systems not previously considered ‘at-risk’, but also deliver an additional integrated security layer. On top of all this, it will play a role in monitoring the vulnerability of advanced mechanisms that are in vogue.
The IoT was traditionally thought of as industrial rather than consumer. With clear origins in manufacturing, due to its use of sensors to monitor machines early IoT provides centralisation, remote management and data-driven insights.
However, now as it transforms into the Internet of Everything, it has the potential to redefine the way we control, drive, monitor, and secure machines and environments today, far beyond a manufacturing focus only.
When it comes to monetary transactions in particular, IoT provides data-driven insights and tracking that enable users to take precautionary actions to avoid untoward incidents. The old security measures – keys, signatures, passwords, PIN numbers – can no longer provide enough protection.Read more