Cybersecurity in Smart Buildings – Vulnerabilities, Strategic Messages for the Industry

Background: Cybersecurity Vulnerabilities in Smart Buildings

Today’s smart buildings are increasingly enabled by Internet of Things (IoT) and made functional by the ongoing convergence of operational technology (OT) systems and information technology (IT) systems in buildings. A host of new elements such as the cloud, remote access, data sharing and analytics, and connected and shared networks has fundamentally changed how built environments are being used and operated.Additionally, these elements have thrown open an otherwise closed-loop building architecture into one that necessitates the open access and control of many operators and service providers. The role of these entities is, to a large extent, crucial in reaping the benefits of a converged and connected space. However, buildings are exposed to a new threat that has been downplayed and undervalued for a long time. After witnessing a recent slew of security breaches, stakeholders of the smart buildings industry are recognizing the potential damaging impact cyber threats pose for the industry and its related businesses.

Strategic Messages for the Industry

Through dedicated research and dialogue with industry participants, Frost & Sullivan concludes the following:
– Investigating the issue of cyber threats in smart buildings is timely and pertinent.
– While avoidance may not be an option, the ability to minimize the impact of cyber threats needs exploring.
– Thought leaders and technology experts must collaborate to address various aspects of cybersecurity.
– Evaluating the efficacy of technology solutions pioneered by leading companies at an industry level is important. 9835-19 4 Cybersecurity in Smart Buildings
– A well-rounded strategic initiative is necessary to deal with this disruptive trend.
– Cyber threats demand the utmost recognition and intervention of administrators and regulators to implement industry-wide changes.Read more

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