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Last year was an annus horribilis for most business executives, but for CIOs the dark cloud of economic chaos had a distinctly silver lining. The response to the pandemic highlighted just how central technology—and the teams that shape and manage it—have become to companies’ fortunes. By tapping cloud computing, mobile platforms and other capabilities, CIOs helped millions of people shift to remote work almost overnight and quickly built a plethora of new digital commerce channels to keep companies connected to their customers.
Security has always been a critical part of society.
When the human race moved from being hunters to farmers, certain information about when to plant crops and when to harvest was carefully gathered though observation and experience. This knowledge would help farmers work out exactly when to plant their crops, so that the first shoots would only appear above ground after the last morning frosts, ensuring the plants would be healthy. And knowing when the crops would have absorbed maximum energy and be primed for harvesting is critical, harvest too early and the harvest is weak, wait too long and the crops won’t store well through the winter seasons or survive transport.
The technological universe has almost limitlessly expanded its borders. What was a little-explored space just a few decades ago has now become an environment in which the most varied commercial initiatives are born, grown and developed every day. The world of the internet has allowed commerce to expand globally, generating excellent economic mobility. However, as companies that operate on the web grow, so do the risks associated with it. Due to this, cybersecurity practices for internet businesses have become essential.
Data privacy and cybersecurity issues continue to be top of mind, as this week the U.S. Senate unanimously passed the Internet of Things (“IoT”) Cybersecurity Improvement Act (H.R. 1668), introduced by Congresswoman Robin Kelly (D-Illinois). In September, the House had passed the bill by voice vote after negotiation sessions with the Senate. The legislation provides for the establishment of minimum cybersecurity standards for government purchased, internet connected devices, with anticipated impact on manufacturers in the private sector.
Billions of internet-connected sensors and other devices, comprising the Internet of Things (IoT), now span the world’s manufacturing plants and logistics infrastructure. They enable remarkable efficiency and unprecedented data collection for industrial companies. However, with so many poorly secured devices in operation, the so-called Industrial IoT (IIoT) exposes manufacturing businesses to high levels of cyber risk.
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