Welcome!

@ThingsExpo Authors: Elizabeth White, Liz McMillan, Zakia Bouachraoui, Pat Romanski, Yeshim Deniz

Related Topics: @ThingsExpo, @CloudExpo, Cloud Security

@ThingsExpo: Article

Invest in IoT Without Insecurity | @ThingsExpo #IoT #M2M #API #Cloud

Successful IoT strategies are built on a digital foundation that rethinks security

Recently, I attended Cloud Expo and @ThingsExpo in NYC (June 7-9) and I found the content to be interesting and thoughtful for companies that are planning their future success.

Like most conferences, there was a lot of chatter about IoT app development, consumer trends, and security with a smattering of privacy concerns and thoughts. More interesting to me were the sessions on identifying how to develop and bring to fruition new lines of business and how non-IT businesses may actually benefit the most from IoT. For instance, the majority of the work today in IoT is occurring in transportation, infrastructure, and environmental scenarios. Second, the marketing aspects of IoT are an important "pillar" to the success of IoT in a "Big Data" way.

With all of the Internet-connected devices, sensors and appliances establishing new or more real-time benefits, many industries like healthcare, energy, transportation, and citizen services need to address serious concerns about privacy and intellectual property protection. According to the latest public statements, the FTC believes that general authorities used to protect data privacy can cover IoT without specific new laws. Information security compliance programs such as FedRAMP and the NIST Cybersecurity Framework can help. Other known FTC regulatory findings such as the Wyndham case can offer partial guidance for the IoT and cloud markets.

Although it is still too early for any additional regulations, it is important for organizations to balance their IoT strategy with existing security and privacy standards - otherwise they risks losing their return on investment (ROI).

IoT in Focus
Key takeaways from the Cloud and IoT conference:

  • Successful IoT strategies are built on a digital foundation that rethinks security from the perspective of how the organization is monetizing the sensor data.
  • Digital foundations need to address data migration and data management across multi-vendor platforms for both cost reduction and cyber protection.
  • Cyber security and privacy strategies may need to address risk and liability issues related to the re-use and / or sale of pre-existing sensors or established sensor data.
  • Mobile use and mobile marketing should be tied to the monetization of IoT

IoT Could Change the Security Paradigm
The implications of IoT extend to privacy issues. CEOs should be concerned about the use and the potential loss of personal data. Along with this C-suite consideration, company executives must determine the accompanying liabilities, cyber security investments, and the privacy implications of the information, data and analysis.

Due diligence suggests that the C-suite should review privacy protection claims by partners and providers to minimize liability risk.  Whether physical tools, marketing dashboards or streaming data analytics, Corporate Executives and IT leaders will need to consider which streams of information result in new Intellectual Property (IP) and which can be sold as a revenue stream to partners. The likely results with IoT in use will be new information protection practices related to non-centralized computing at the "fog" and "cloud" locations.

As a result, there will be a need for creative pre-engineered defenses (NIST SP 800-160), liability mitigation awareness (NIST SP 800-171), and isolation techniques for meeting early-stage IoT business strategies and successful return on investment.

Meeting compliance standards even with guidance such as NIST and ISO will require security architecture decisions that focus on the planned and discovered revenue generators.

More Stories By Maria C. Horton

Maria C. Horton, CISSP, ISSMP, IAM, is Founder and Chief Executive Officer of EmeSec Incorporated. She founded EmeSec in 2003 after retiring from two decades as a Navy Officer where she rose to the rank of Commander. As a hands-on cybersecurity expert, she grew the company to become a leading provider of Cloud Security and Engineering Services delivering cyber assessments, protections and business enablement.

IoT & Smart Cities Stories
Nicolas Fierro is CEO of MIMIR Blockchain Solutions. He is a programmer, technologist, and operations dev who has worked with Ethereum and blockchain since 2014. His knowledge in blockchain dates to when he performed dev ops services to the Ethereum Foundation as one the privileged few developers to work with the original core team in Switzerland.
Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settlement products to hedge funds and investment banks. After, he co-founded a revenue cycle management company where he learned about Bitcoin and eventually Ethereal. Andrew's role at ConsenSys Enterprise is a mul...
René Bostic is the Technical VP of the IBM Cloud Unit in North America. Enjoying her career with IBM during the modern millennial technological era, she is an expert in cloud computing, DevOps and emerging cloud technologies such as Blockchain. Her strengths and core competencies include a proven record of accomplishments in consensus building at all levels to assess, plan, and implement enterprise and cloud computing solutions. René is a member of the Society of Women Engineers (SWE) and a m...
If a machine can invent, does this mean the end of the patent system as we know it? The patent system, both in the US and Europe, allows companies to protect their inventions and helps foster innovation. However, Artificial Intelligence (AI) could be set to disrupt the patent system as we know it. This talk will examine how AI may change the patent landscape in the years to come. Furthermore, ways in which companies can best protect their AI related inventions will be examined from both a US and...
In his general session at 19th Cloud Expo, Manish Dixit, VP of Product and Engineering at Dice, discussed how Dice leverages data insights and tools to help both tech professionals and recruiters better understand how skills relate to each other and which skills are in high demand using interactive visualizations and salary indicator tools to maximize earning potential. Manish Dixit is VP of Product and Engineering at Dice. As the leader of the Product, Engineering and Data Sciences team at D...
Bill Schmarzo, Tech Chair of "Big Data | Analytics" of upcoming CloudEXPO | DXWorldEXPO New York (November 12-13, 2018, New York City) today announced the outline and schedule of the track. "The track has been designed in experience/degree order," said Schmarzo. "So, that folks who attend the entire track can leave the conference with some of the skills necessary to get their work done when they get back to their offices. It actually ties back to some work that I'm doing at the University of San...
When talking IoT we often focus on the devices, the sensors, the hardware itself. The new smart appliances, the new smart or self-driving cars (which are amalgamations of many ‘things'). When we are looking at the world of IoT, we should take a step back, look at the big picture. What value are these devices providing. IoT is not about the devices, its about the data consumed and generated. The devices are tools, mechanisms, conduits. This paper discusses the considerations when dealing with the...
Bill Schmarzo, author of "Big Data: Understanding How Data Powers Big Business" and "Big Data MBA: Driving Business Strategies with Data Science," is responsible for setting the strategy and defining the Big Data service offerings and capabilities for EMC Global Services Big Data Practice. As the CTO for the Big Data Practice, he is responsible for working with organizations to help them identify where and how to start their big data journeys. He's written several white papers, is an avid blogge...
Dynatrace is an application performance management software company with products for the information technology departments and digital business owners of medium and large businesses. Building the Future of Monitoring with Artificial Intelligence. Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more busine...
Enterprises have taken advantage of IoT to achieve important revenue and cost advantages. What is less apparent is how incumbent enterprises operating at scale have, following success with IoT, built analytic, operations management and software development capabilities - ranging from autonomous vehicles to manageable robotics installations. They have embraced these capabilities as if they were Silicon Valley startups.