M&D Mini Series: Time for Action: Systems are Vulnerable to Cyber Threats

IoT connectivity comes with some inherent risks, especially around cybersecurity. As organizations connect more devices, they also increase the security footprint they need to protect.

Organizations can ensure their environments are secure by practicing due diligence when selecting IoT vendors. Manufacturers and distributors should verify that vendors regularly test their devices for vulnerabilities, ideally using an independent testing company. Organizations also should inquire about a device’s ability to receive regular security updates once it’s in service. After installation, security and risk consultants suggest organizations conduct internal testing and continuously monitor their environments for IoT-related risks.

In the event of a security breach, a manufacturer should have an incident response and forensics company on retainer to quickly respond to an incident. It’s also important to have a dedicated security expert who reports to someone outside the conventional IT structure. This dedicated individual could be an in-house resource or an outsourced chief information security officer.

Learn more about cyber threats, what you can do, and what your competitors do to protect themselves in our 2018 Manufacturing & Distribution Report.

This publication contains general information only and Sikich is not, by means of this publication, rendering accounting, business, financial, investment, legal, tax, or any other professional advice or services. This publication is not a substitute for such professional advice or services, nor should you use it as a basis for any decision, action or omission that may affect you or your business. Before making any decision, taking any action or omitting an action that may affect you or your business, you should consult a qualified professional advisor. In addition, this publication may contain certain content generated by an artificial intelligence (AI) language model. You acknowledge that Sikich shall not be responsible for any loss sustained by you or any person who relies on this publication.

About the Author