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To ensure energy security and economic stability, protecting the infrastructure is essential. Digital transformation: The integration of IoT, SCADA systems, and advanced analytics has increased operational efficiency but also expanded the attack surface.
As most of us know, IoT devices are on the rise in enterprise networks. According to McKinsey & Company , the proportion of organizations that use IoT products has grown from 13 percent in 2014 to 25 percent today. The issue is that these tens of billions of new devices will likely amplify the inherent security risks of IoT.
For instance, very visibly over the past decade, Internet of Things ( IoT ) computing devices and sensors have become embedded everywhere. Smart devices and IoT systems are beginning to interconnect with each other and this is only going to continue.”. Energy at the edges.
Related: How decentralized IoT boosts decarbonization Yet, more so than ever, infusing trustworthiness into modern-day digital services has become mission critical for most businesses. If you factor in where we are in the world today with things like IoT, quantum computing and generative AI, we could be heading for a huge trust crisis.”
The drivers of IoT-centric commerce appear to be unstoppable. Count on the wide deployment of IoT systems to continue at an accelerated rate. There are already more IoT devices than human beings on the planet, according to tech industry research firm Gartner. This time the stakes are too high. Security-by-design lacking.
Critical Success Factors to Widespread Deployment of IoT. Digital technology and connected IoT devices have proliferated across industries and into our daily lives. Electric grid utilities are deploying smart meters to better correspond to consumers energy demands while lowering costs. Threat vectors on IoT.
In the energy and utility sector, safeguarding data and ensuring compliance with regulatory standards is paramount. With the increasing digitalization of operations, from smart grids to IoT-enabled devices, the need for robust encryption methods to protect sensitive information has never been greater.
Tatsuaki Okamoto, director of NTT Research’s Cryptography and Information Security (CIS) Lab , and Dr. Amit Sahai, professor of computer science at UCLA Samueli School of Engineering and director of UCLA Center for Encrypted Functionalities (CEF). This, in fact, is the core security challenge companies face defending their business networks.
For advantages, private blockchains are more scalable and energy-efficient with suggested use cases of banking and supply chain management. For modern networks, the introduction of new endpoints – be it remote laptops for personnel or client IoT devices – is a roadblock being actively addressed. DDoS: Overwhelming the Network.
Beyond traditional IT operations that utilize servers, routers, PCs and switches, these organizations also rely on OT, such as programmable logic controllers (PLCs), distributed control systems (DCSs) and human machine interfaces (HMIs) to run their physical plants and factories. For organizations that have implemented an Industry 4.0
More networked consumer devices and distributed energy resources, which provide increased monitoring and control capabilities for consumers and utilities, are being connected to distribution systems networks.".
For example, in 2009, the Obama administration provided financial incentives to utilities in the United States. And again, smart meters were positioned squarely as making the environment more friendly by knowing how and when energy is being used by individual customers. Environmental effects caused by pollution.
However, simple actions like adopting multi-factor authentication (MFA) or encrypting sensitive data everywhere should be exercised throughout the year and not just during that month. The threat of attacks against Critical National Infrastructure (CNI) – energy, utilities, telecommunications, and transportation – is a top priority.
The Critical Infrastructure edition of the 2024 Thales Data Threat Report highlights the threats that businesses in the Energy, Utilities, Telecom, Transportation, and Logistics sectors face. According to the International Energy Agency , these attacks at least doubled across most sectors between 2020 and 2022.
Related: The Top 12 IoT protocols Deployment of 5G and AI-enhanced IoT systems is accelerating. This, in turn, is driving up the number of IoT-connected devices in our homes, cities, transportation systems and critical infrastructure. Likewise, security must be embedded in each IoT device from the start.”
Cybersecurity is on the brink of significant transformation as we approach 2025, grappling with escalating complexities driven by advancements in technology, increasing geopolitical tensions, and the rapid adoption of AI and IoT. Ransomware remains a prominent threat, but the methods have evolved.
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