Risk Management for IoT Devices

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Summary

Risk management for IoT devices means identifying and controlling the security threats that come with internet-connected gadgets like smart home devices and industrial sensors. Since these devices can be easily targeted and used as entry points for cyber attackers, it’s important to proactively protect both your data and your networks.

  • Audit and monitor: Regularly review all connected devices in your home or workplace and keep an up-to-date inventory so you know exactly what’s online.
  • Secure settings: Change default passwords, enable two-factor authentication, and update firmware to close common vulnerabilities in IoT devices.
  • Segment networks: Place IoT devices on a separate Wi-Fi network so they can't access sensitive information or disrupt critical systems if compromised.
Summarized by AI based on LinkedIn member posts
  • View profile for Bob Carver

    CEO Cybersecurity Boardroom ™ | CISSP, CISM, M.S. Top Cybersecurity Voice

    52,689 followers

    Your Smarthome Is Talking—But Who’s Listening? Smart home devices offer incredible convenience, allowing us to control lights, locks, appliances, and cameras remotely. However, each of these Internet of Things (IoT) devices also represents a potential vulnerability in your home’s digital perimeter. Many users install these gadgets without changing default settings, leaving them wide open to cyber intrusions. Threat actors have exploited poorly secured devices to spy on households, manipulate smart locks, or gain access to broader home networks. To avoid these risks, we must treat IoT devices with the same caution as computers or smartphones. That means using strong, unique passwords, enabling two-factor authentication where possible, and consistently updating firmware. Network segmentation is another smart move—placing IoT devices on a separate Wi-Fi network to prevent them from interacting with sensitive systems like work laptops or home servers. Finally, it’s important to evaluate the necessity of each new connected device. Ask yourself if the benefits truly outweigh the privacy risks. Not every gadget needs to be online, and sometimes convenience can come at the cost of security. In an age where even your thermostat or baby monitor can be exploited, a little common sense goes a long way in protecting your privacy and peace of mind. #cybersecurity #IoT #smarthomes #securitycameras #babymonitors #webcams #smartappliances

  • View profile for Shawnee Delaney

    CEO, Vaillance Group | Keynote Speaker | Board member | Co-Host of Control Room

    38,617 followers

    Your biggest cybersecurity threat might not be your employees — it might be your coffee machine. Everyone’s worried about employees clicking phishing emails… …but who’s worried about the smart thermostat leaking your sensitive data? (You should be.) When we talk about human cyber risk, it’s not just laptops and emails. It’s the people who plug in devices they don’t understand — or don’t think about — that open the backdoor. The truth is: The Internet of Things (IoT) is your weakest (and most ignored) security link. 📺 Smart TVs. 🏅 Fitness trackers. ☕ Coffee machines. 🔔 Video doorbells. 💡 Smart lighting. 🌡️ Even that “harmless” Wi-Fi-enabled fish tank thermometer in your lobby. (Yes, that actually happened to a casino in 2019 where the whole high roller database was exfiltrated through an IoT connected fish tank thermometer. Ouch.) If it connects to the internet, it can connect a threat actor to you. ACTIONABLE TAKEAWAYS: ✔️ Audit your IoT Devices: List everything in your business and home that’s internet-connected. If you don’t track it, you can’t protect it. ✔️ Segregate Networks: Keep IoT devices on a separate Wi-Fi network from business operations and sensitive information. ✔️ Change Default Credentials: Most IoT breaches happen because devices are left on factory settings. Change all passwords — immediately. ✔️ Update Firmware: Your smart devices need updates just like your computer does. Patch regularly or retire them if they’re no longer supported. ✔️ Train Your People: If they’re plugging it in, they’re opening a portal. Awareness matters. Train users to think before they connect. Bottom line: Human risk isn’t just about bad passwords and phishing clicks. It’s about our instinct to trust technology we don’t fully understand. If you employ humans, if you use IoT, you have risk. Manage your humans. Manage your tech. Or someone else will. #HumanRisk #Cybersecurity #IoTSecurity #InsiderThreat #CyberHygiene #Leadership #SecurityAwareness

  • View profile for Marc Beierschoder
    Marc Beierschoder Marc Beierschoder is an Influencer

    Most companies scale the wrong things. I fix that. | From complexity to repeatable execution | Partner, Deloitte

    146,992 followers

    𝗔 𝗺𝗮𝗻 𝗮𝗰𝗰𝗶𝗱𝗲𝗻𝘁𝗮𝗹𝗹𝘆 𝗯𝗲𝗰𝗮𝗺𝗲 “𝘁𝗵𝗲 𝗯𝗼𝘀𝘀” 𝗼𝗳 𝟳,𝟬𝟬𝟬 𝗿𝗼𝗯𝗼𝘁 𝘃𝗮𝗰𝘂𝘂𝗺𝘀. Not by breaking into homes. By trying to steer his own device with a game controller. 𝐓𝐡𝐚𝐭’𝐬 𝐧𝐨𝐭 𝐚 “𝐬𝐦𝐚𝐫𝐭 𝐡𝐨𝐦𝐞” 𝐬𝐭𝐨𝐫𝐲. 𝐈𝐭’𝐬 𝐚 𝐠𝐨𝐯𝐞𝐫𝐧𝐚𝐧𝐜𝐞 𝐬𝐭𝐨𝐫𝐲. Because the real issue is rarely “cloud vs local”. The issue is: identity, authorization, monitoring, and patch discipline. If a device can treat the wrong party as an admin, “local intelligence” doesn’t save you. Here’s the uncomfortable question leaders keep postponing: 𝐖𝐡𝐨 𝐨𝐰𝐧𝐬 𝐫𝐢𝐬𝐤 𝐰𝐡𝐞𝐧 𝐬𝐨𝐟𝐭𝐰𝐚𝐫𝐞 𝐦𝐨𝐯𝐞𝐬 𝐢𝐧𝐭𝐨 𝐩𝐡𝐲𝐬𝐢𝐜𝐚𝐥 𝐬𝐩𝐚𝐜𝐞𝐬? A practical governance lens (we use this a lot in connected products and IoT programs): 🔹 𝐒𝐞𝐜𝐮𝐫𝐞-𝐛𝐲-𝐝𝐞𝐬𝐢𝐠𝐧: security requirements as product requirements, not an afterthought 🔹 𝐋𝐞𝐚𝐬𝐭 𝐩𝐫𝐢𝐯𝐢𝐥𝐞𝐠𝐞 𝐛𝐲 𝐝𝐞𝐟𝐚𝐮𝐥𝐭: every device, service, and user gets the minimum rights needed 🔹 𝐏𝐫𝐨𝐯𝐞𝐧𝐚𝐧𝐜𝐞 𝐚𝐧𝐝 𝐚𝐭𝐭𝐞𝐬𝐭𝐚𝐭𝐢𝐨𝐧: prove the device and firmware are what they claim to be 🔹 𝐓𝐞𝐥𝐞𝐦𝐞𝐭𝐫𝐲 + 𝐫𝐞𝐬𝐩𝐨𝐧𝐬𝐞: detect anomalies fast, rotate credentials, kill sessions, ship patches 🔹 𝐒𝐮𝐩𝐩𝐥𝐢𝐞𝐫 𝐚𝐜𝐜𝐨𝐮𝐧𝐭𝐚𝐛𝐢𝐥𝐢𝐭𝐲: contractually define SLAs for vulnerability handling, updates, and disclosure So the board-level question becomes simple: If 7,000 devices can be “managed” by accident… what does your organization assume about the devices you ship, buy, or connect? 𝐖𝐡𝐞𝐫𝐞 𝐰𝐨𝐮𝐥𝐝 𝐲𝐨𝐮 𝐩𝐥𝐚𝐜𝐞 𝐭𝐡𝐞 𝐚𝐜𝐜𝐨𝐮𝐧𝐭𝐚𝐛𝐢𝐥𝐢𝐭𝐲: 𝐩𝐫𝐨𝐝𝐮𝐜𝐭, 𝐈𝐓, 𝐬𝐞𝐜𝐮𝐫𝐢𝐭𝐲, 𝐨𝐫 𝐭𝐡𝐞 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬? #CyberSecurity #IoT #RiskManagement #Governance #Trust

  • View profile for Nick Tudor

    CEO/CTO & Co-Founder, Whitespectre | Advisor | Investor

    13,784 followers

    The smartest IoT systems are also the most vulnerable, if security is an afterthought. AI is helping connected devices become more autonomous and insightful. But it’s also expanding the attack surface in ways many teams aren’t ready for. If you're building AI-enabled IoT systems, here's what you cannot afford to overlook: ➞ Encryption isn't optional - even internally Many teams still transmit data like credentials or location in plaintext across “trusted” networks. One breach and that trust disappears. Encrypt everything, no excuses. ➞ If you can’t update it, you can’t protect it The Mirai botnet took over thousands of IoT devices simply because they couldn’t receive secure updates. OTA updates with rollback and signature verification are now baseline, not bonus. ➞ Edge AI isn’t just smart, it’s safer Sending every data point to the cloud introduces latency and risk. Local inference not only speeds up insights, it reduces exposure to cloud outages and interception. ➞ Hardcoded credentials are a ticking time bomb If one device leaks, your entire fleet is compromised. Secrets management and dynamic provisioning are now essential parts of secure IoT architecture. ➞ Compliance starts on Day 0, not Day 90 Whether it’s GDPR, HIPAA, or something industry-specific - retrofitting compliance later leads to rushed fixes and expensive rebuilds. One insecure endpoint can compromise your entire system, even if everything else is state-of-the-art. Check the carousel for all 7 security pitfalls and how to avoid them in AI + IoT deployments. Question for IoT builders: Is your security strategy keeping pace with your AI innovation? ♻️ Repost if this helped your thinking ➕ Follow me, Nick Tudor, for more AI and IoT systems that don’t just scale, they stay secure.

  • View profile for Matthew Chiodi

    CSO at Cerby | former Chief Security Officer, PANW

    15,746 followers

    Current IoT risk assessments are broken—and here’s how to fix them courtesy of new research… As IoT systems grow more complex, traditional risk models fail to account for the cascading, interconnected threats these devices introduce. The research from this paper highlights that IoT risks aren’t isolated incidents; they’re part of a web of dependencies where one device's vulnerability can trigger widespread system failures. If you are in manufacturing or healthcare, this is a significant challenge. The authors propose a dependency-based cyber risk model to capture the interdependencies between IoT components and estimate how risks in one part of the system can affect the whole. The model uses AI/ML techniques for real-time risk estimation, making it adaptable across various IoT domains like healthcare, smart cities, and industrial IoT. It also integrates risk transference strategies, such as cyber insurance, to help organizations mitigate financial losses from cyber incidents. Key takeaway? The old ways of assessing cyber risk don’t work for IoT. The proposed model offers a dynamic, scalable approach to understanding and managing IoT-specific risks, and it’s time we embrace these more holistic strategies before it's too late. 74 pages...but well worth the read if IoT security is on your radar. #cybersecurity #IoT #risk #ai Claroty Upa Campbell

  • View profile for Linda Grasso
    Linda Grasso Linda Grasso is an Influencer

    Content Creator & Thought Leader • LinkedIn Top Voice • Tech Influencer driving strategic storytelling for future-focused brands 💡

    15,123 followers

    To ensure secure IoT communications and transactions, it is essential to understand potential threats, strengthen device security, use encryption, manage identities and access, segment networks, establish security policies, and continuously assess and mitigate risks. Understanding Threats Comprehending threats such as DDoS attacks, Man-in-the-Middle (MitM) attacks, and malware infections is crucial for implementing robust cybersecurity measures to protect IoT devices and the data they handle. Strengthening Device Security Implement robust authentication mechanisms, regular security updates, and secure configurations for IoT devices to ensure that only authorized users and devices access the network and that vulnerabilities are minimized. Using Encryption Utilize encryption for data in transit with protocols like TLS, and for data at rest to ensure that sensitive information is protected from unauthorized access and interception during transmission and storage. Managing Identities and Access Implement Role-Based Access Control (RBAC) and maintain comprehensive monitoring and logging of all activities to manage user permissions and quickly detect and respond to suspicious behavior within the IoT ecosystem. Segmenting Networks Isolate IoT devices from the main network and use firewalls along with Intrusion Detection/Prevention Systems (IDS/IPS) to limit the potential impact of any security breaches, keeping the overall network secure. Establishing Security Policies Educate employees on the importance of IoT security and best practices, and have a defined incident response plan to ensure the organization is prepared to handle security threats effectively and efficiently. Continuous Risk Assessment Conduct regular risk assessments and implement a vulnerability management program to identify, evaluate, and address security weaknesses in IoT devices, maintaining a proactive security posture. #IoT #Cybersecurity #DataProtection Ring the bell to get notifications 🔔

  • View profile for Jeff Winter
    Jeff Winter Jeff Winter is an Influencer

    Industry 4.0 & Digital Transformation Enthusiast | Business Strategist | Avid Storyteller | Tech Geek | Public Speaker

    172,818 followers

    Modern IIoT systems demand a balance of safety, security, reliability, resilience, and privacy. This isn't just a tech challenge; it's a cultural one, bridging IT's obsession with privacy and OT's focus on safety. The 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐈𝐨𝐓 𝐂𝐨𝐧𝐬𝐨𝐫𝐭𝐢𝐮𝐦’𝐬 𝐒𝐞𝐜𝐮𝐫𝐢𝐭𝐲 𝐅𝐫𝐚𝐦𝐞𝐰𝐨𝐫𝐤 (𝐈𝐈𝐒𝐅), first released in 𝟐𝟎𝟏𝟔, is now on 𝐕𝐞𝐫𝐬𝐢𝐨𝐧 𝟐.𝟎, with its latest update in 𝟐𝟎𝟐𝟑. Over the years, it has evolved into a robust guide for securing IIoT systems, addressing the unique challenges of integrating IT and OT. The IISF is designed to help manufacturers build trustworthiness across systems by aligning safety, security, reliability, resilience, and privacy in a single framework. The 𝐈𝐨𝐓 𝐒𝐞𝐜𝐮𝐫𝐢𝐭𝐲 𝐌𝐚𝐭𝐮𝐫𝐢𝐭𝐲 𝐌𝐨𝐝𝐞𝐥 (𝐒𝐌𝐌), first released in 𝟐𝟎𝟏𝟖, is a structured framework that builds on the IISF’s principles by helping organizations assess and improve their security practices. 𝐖𝐡𝐚𝐭 𝐩𝐫𝐨𝐛𝐥𝐞𝐦𝐬 𝐝𝐨 𝐭𝐡𝐞𝐲 𝐬𝐨𝐥𝐯𝐞? • Securing legacy (brownfield) environments alongside modern, cloud-integrated systems. • Bridging the gap between IT (focused on data security) and OT (focused on operational safety). • Equipping manufacturers with tools to assess risks, address gaps, and build actionable security roadmaps. 𝐇𝐨𝐰 𝐓𝐡𝐞𝐲 𝐖𝐨𝐫𝐤 𝐓𝐨𝐠𝐞𝐭𝐡𝐞𝐫 • 𝐈𝐈𝐒𝐅 𝐏𝐫𝐨𝐯𝐢𝐝𝐞𝐬 𝐭𝐡𝐞 "𝐖𝐡𝐚𝐭" 𝐚𝐧𝐝 "𝐖𝐡𝐲": It explains what security goals organizations should aim for and why they matter in an IIoT context. • 𝐒𝐌𝐌 𝐏𝐫𝐨𝐯𝐢𝐝𝐞𝐬 𝐭𝐡𝐞 "𝐇𝐨𝐰": It helps organizations evaluate their current security maturity, define targets based on IISF principles, and create actionable roadmaps to achieve those targets. 𝐖𝐡𝐲 𝐔𝐬𝐞 𝐁𝐨𝐭𝐡? Together, the IISF and SMM offer a top-down and bottom-up approach: • Start with the IISF to understand the overarching security needs for your IIoT systems. • Use the SMM to assess where you stand and implement practical improvements to achieve those needs. 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐈𝐈𝐒𝐅:  https://lnkd.in/eypinq3G 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐒𝐌: https://lnkd.in/e398Y9TU ******************************************* • Visit www.jeffwinterinsights.com for access to all my content and to stay current on Industry 4.0 and other cool tech trends • Ring the 🔔 for notifications!

  • View profile for Adam Sewall

    President | CEO | CTO 1 IPO, 3 Strategic Exits, Cybersecurity, Blockchain/Crypto, AI & Telecom Executive | Scaling companies $0 - >$500M

    3,577 followers

    Secure critical IoT/PT and ICS deployments with device and network security testing including breach and attack simulation - Securing critical infrastructure including ICS/OT and IIoT/IoT deployments requires solutions that emulates cyberattacks to protect connected devices and the networks of which they are connected. Safety, up-time/continuity and security, are critical for organizations operating large fleets of mission-critical connected devices, such as manufacturing, complex global and regional operations, healthcare and utilities. Yes, device manufacturers are responsible for security fixes, however these typically lag actual risks/attacks and zero days…enterprises need time to take vulnerable devices offline or replace them before they are compromised. Often these updates must be tested…and tested over time. Our personal experience is that some of these updates can be mission affecting with negative results. Therefore, testing networks and devices against multi-stage attacks — including ransomware infections, lateral movement, phishing attempts, protocol fuzzing, and data exfiltration — is vital. BLUF: To harden IIoT/IoT devices, use a device security test tool to subject them to low-level protocol fuzzing and upper-layer application attacks. Thoroughly test chipsets and network stacks to find flaws in Ethernet, Wi-Fi®, Bluetooth®, Bluetooth® Low Energy, LoRa, CAN bus, and cellular interfaces. Utilize specialized field and lab testing for OT devices that can ‘break’ if tested see our blogs on OT/ICS testing. At the same time, network security teams must continuously assess firewalls, endpoint security, and properly correlated SIEM/SOAR tools to prevent configuration drift and detect alerts. Use a breach and attack simulation(s) tool(s) to emulate multi-stage network attacks, reveal gaps in coverage, and identify remediations. Without these, security tool updates can inadvertently cause blind spots or vulnerabilities. Critical infrastructure and IIoT/IoT deployment security solutions require enterprises to secure critical OT/ICS/IIot/IoT deployments with both manual (RedTeam/PurpleTeam) and automated security testing and breach and attack simulation. These ideally should emulate multi-stage cyberattacks with your teams, scan for vulnerabilities, and mitigate risk with a systematic and  ever-expanding list of security assessments, audits, and test plans. Harden networks, protect connected devices, and stay ahead of emerging threats with Cyberleaf Defense in Depth and Pen Testing designed for your IoT and Critical Infrastructure Security Assessment.   If you like this post – please follow Cyberleaf on LinkedIn https://lnkd.in/e6txch76 and contact us directly for free assessments and a real conversation on Cyber Security.   Be safe out there!  

  • View profile for Qasim Mueen

    CEO at DentaSmart and Zigron

    21,424 followers

    IoT Security is A Critical Business Imperative The Internet of Things is transforming industries. But with great connectivity comes great responsibility. Let's address the pressing issue of IoT security.   Current IoT landscape:   - Many devices have significant vulnerabilities - Consumer products often lack robust security measures - Industrial systems face increasing cyber threats   These challenges are serious but manageable.   Here's a practical approach to enhancing IoT security:   ↳ Encryption Implement strong data protection protocols. ↳ Regular Updates Maintain current firmware and software across all devices. ↳ Authentication Utilize multi-factor authentication where possible. ↳ Network Segmentation Isolate IoT devices from critical systems. ↳ Continuous Monitoring Implement systems to detect and alert on anomalies. ↳ Device Management Maintain an accurate inventory of all connected devices. ↳ Risk Assessment Regularly evaluate and address potential vulnerabilities.     IoT brings a fundamental shift in how we interact with technology.   Securing these systems is essential for sustainable growth and innovation.   Are you prepared to enhance your IoT security strategy?   Let's build a more secure and efficient connected ecosystem.   And yeah, you’re welcome to share your thoughts on IoT security challenges in your industry. 👍

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