Cameras, machines & sensors are the numbers of devices that are connected to the internet and it has increased exponentially. As per the research conducted by the leading company international Data Corporation 41.6 billion iot devices are estimated by the end of 2025.
This number will cover the Internet of Things (IoT) devices which are included in various industries and countries. Taken as a consequence of the emergence of 5G networks, these smart things generate 79,4 zettabytes of data (and are expected to increase at 28.7% annually over the next 5 years) together.
By 2025, there will be $94.44 billion IoT devices are expected in the retail market. It makes a great deal of sense as IoT transforms and enhances customer dealer experiences through the improvement of self-check and in-store experiences, optimization of supply chain logistics, and more.
However, the exposure of the industry to risk is gigantic and growing in the current danger landscape with so many cameras, GPS sensors, RFID tags and other smart devices connected to the internet.
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So what can retailers do in 2020 and beyond to combat potential IoT security threats? Let's look at it
1. Keep Internal Retail Networks Segmented
Since retailers are not able to adopt such a deceptive security measure, it is best to segment your network. This approach helps to minimize the damage caused by a safety violation by restricting network access.
Firewalls and structural limits between networks are the best way to do that. Authorization and additional authentication levels are required for access whenever you do this.
When retailers process credit card payments, creating high-security segmented environments in business networks is crucial
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2.Monitor IoT Networks in Real-Time
After the network has been segmented, retailers must verify which smart sensors and devices are in the network and block anonymous connections. Implement rules based on what behavior the device expects.
For instance, communicate information with a specific source only if it is a smart thermometer. You can use artificial intelligence when you set the right way to monitor abnormal behavior.
It is easy to track and shut down the device that was potentially impaired if you took the time to map out everything in the retail network.
3.Third-Party Vendors
If your partners are not conscious of safety, your network's vulnerable smart devices can act as a point of entry into your network. These networks of the supply chain are industry standard and significantly increase the area of the attack.
Retailers are asking for efficient protocols to manage the supply chain. This kind of partnership can not be avoided. But, before you access your network, you can thoroughly vet potential salespeople.
Follow the supply chain (the entire route) to ensure that the suppliers also follow suitable best practices for cyber security. IoT safety will also require background checks on workers throughout the supply chain.
4.Best Security Practices
It's an endless process for a company to keep its store secure. For example, annual cyber security and workshop on best practices would not be enough. You must revise, reeducate and develop with the safety threats in the organization.
Integrating IoT Security is the best practice for the safety of the whole organization. Even if sensitive information is not generated by smart sensors and devices, it is best to encrypt this data.
Make it compulsory to change the default password and upgrade the firmware. Develop a retail IoT network inventory to provide a comprehensive view of your risk exposure.
Conclusion
Follow the above-mentioned tips for improving the security of your retail business. If you want to include this IOT Technology into your business. Hire Fusion Informatics as your IOT Development Company. We will build a robust IOT Solution for your business with high-end security.
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