Making It Possible to Stick to the IoT Security Standards with Chaintech Network

The concepts of the Internet of Things, or IoT, which connect objects with similar features to one another in such a way that they can convey and perform intricate operations are changing industries. However, the stream quality decreases as the scale of IoT devices increases, a problem that leads to security issues. The relevance of observing IoT security standards is very important to guard your business against cybercrime impacts and the integrity of operations.

Protection Against Cyber Threats

Smart devices are also easy to attack because they lack protection, just as is the case with many IoT gadgets. Implementation of security policies and standards ensures the security of the firm’s information and other resources from intruders and hackers. Iöt attacks, in particular, have been reported to have risen by 600% within the last couple of years, as highlighted in the sample Symantec report on IoT security.

Regulatory Compliance  

This means that many industries have guidelines and rules about the security of the IoT. Legal repercussions can be severe; businesses may suffer, and your company’s reputation may suffer. ISO/IEC 27001, NIST, and GDPR contain sets of rules regarding IoT devices’ protection and data safety. 

Enhanced Trust and Reputation  

Adherence to standards acceptable in the field shows your dedication towards security and strengthens the bond between the business and its consumers, vendors, and investors. The PWC survey also showed that 87% of people will stop using the services of a firm they do not trust with their information.

Some of the IoT security standards that were highlighted include the following

1. ISO/IEC 27001

   This International Standard provides the specifications for an organization to build, use, monitor, and review its Information Security Management System (ISMS). It is general and fits all organizations. The approach is critical for the protection of data like financial records, business intellectual property, and personnel information, among others.  

2. NIST (National Institute of Standards and Technology)

   As a highly beneficial and elaborate tool, NIST has developed a framework that assists in enhancing the cybersecurity of critical infrastructure systems. It has best practices for risk assessment, protection, detection, response, and aftermath management of cyber threats.  

3. Regulation (EU) 2016/679

   The European Parliament and the Council concerning the protection of natural persons about the processing of personal data and regarding the free movement of such data.  

For any firm within the European Union processing the data of EU citizens, it is compulsory to observe GDPR. One of them is data protection and privacy, which aims to provide adequate protection to the data subject and shed light on the handling of his or her data.  

How does Chaintech Network help?

Chaintech Network provides professional IoT security services with a focus on IoT security solutions and the implementation of IoT security standards. Here’s how we can help:  

• Comprehensive Security Assessments

  By professionally evaluating your business environment and your IoT structure, Chaintech Network can establish the strengths and weaknesses in the security of your system. Our assessment services are relevant in the market to ensure your devices and systems are compliant with the required security standards. 

• Tailored Security Solutions

  We acknowledge that every organization has certain and special security requirements. They want services that ascertain their security needs, depending on the difficulties they are likely to face. Security measures are adopted in line with industry standards through the collaboration of our experts with your team.

• Ongoing monitoring and support

  Securing the IoT is not a one-time activity. Chaintech Network provides perpetual preservice to make sure your Internet of Things devices continue to be well-protected and conform to current security specifications. The methods adopted by our company also enable the early identification of threats and the prevention of their occurrence in the first place.

What Internet of Things security standards should your business be following?  

Considering the ever-growing number of complex cyber threats, do you think your business can spare itself the need to follow IoT security standards?  

1. Increase in IoT Attacks: The Symantec report reveals that there has been an increase in IoT attacks, with some experiencing a 600% increase.
2. Consumer Trust: According to PWC, 87% of consumers are reluctant to move to another company if they do not trust that company with their information.
3. Cost of Data Breaches: The cost of a data breach, on average, has been put at $4.24 million (IBM).

World into IoT Security Compliance

IoT security compliance is a critical imperative to safeguard your business from cyber threats, remain compliant with regulatory frameworks, and gain the trust of your consumers. Chaintech Network’s IoT Security Services include awareness and customized IoT security solutions, healthcare 24/7, and counseling throughout the compliance process. Act now and don’t let it happen to you. Protect your IoT devices with Chaintech Network and protect your business.