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Industrial Internet of Things Safety and Security Protocol

Industrial Internet of Things Safety and Security Protocol

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SUMMARY

This report focuses on security protocols that optimize the security, safety, and privacy in Industrial Internet of Things (IIoT) networks, devices, and systems. 

IoT technologies, devices and services allow the maintenance, management, and supervision of vast amounts of data through Internet connectivity. As a result, the potential effect of an attack on critical infrastructure is far-reaching and expands into other areas of daily life, such as economy, health, safety, public services, and national security. For example, in the summer of 2017 Ukraine experienced a cyberattack that began in the Ukrainian government and business computer systems but spread to other critical infrastructure, including energy companies, gas stations, and airports. Consequently, government organizations, IoT companies, and security-focused interest groups are working to establish the full range of IoT security challenges and define protocols to address them. The Network of IoT players includes business managers to technology and manufacturing communities. This document considers a risk management or insurance policy that promotes the development of IIoT security design, application, and maintenance protocols.

The Network should represent a range of stakeholders’ needs. First, the Network should increase awareness about IIoT security causes and effects. Then the Network should help IIoT services understand security concerns. IIot security requires incentives and penalties that promote corrective behavior. In order to maximize safety and security, government support will be critical in creating policies for IIoT system providers to share information about vulnerabilities and risks. In other words, the Network must help the insurance industry manage IIoT risks. Finally, the Network should use knowledge and experience from the role of insurance in confronting new risk scenarios.

This report provides an insurance framework that addresses the specific needs of key stakeholders in the IIoT ecosystem, from technical entities, manufacturing companies, and policymakers to consumers, and civil society.

OUTLINE

Executive Summary

Background

Requirements and Opportunities 

Objectives and Key Drivers

IIoT Safety and Security Protocol

Implementation of Protocol

Appendices

DETAILS

Overview

Researchfinder Rating
5 out of 5 stars
Title
Industrial Internet of Things Safety and Security Protocol
Region
Global
Published
April 15, 2018
Publisher
World Economic Forum
Price
FREE
Language
ENGLISH

Content

Number of Pages
22
Number of Tables
3
Number of Exhibits
0
Topics
iot, networks, security
Tags
AI regulation, cloud security, cyber security, data protection, Industrial IoT, industry 4.0, insurance, iot, policymaking, privacy, regulation, risk management, safety, smart manufacturing, World Economic Forum
Methodology
The World Economic Forum assembles a network (the Network) of Internet of Things (IoT) experts to gain insights that support the growth of a secure and reliable Industrial Internet of Things (IIoT).
EVALUATION

This report will help the Internet of Things (IoT) key stakeholders, especially the financial sector, end-users, and national governments when considering risk management mechanisms that foster security-enhancing behaviors.

The document uses clear language to explore safeguards, risk management protocols, and record-keeping metrics in the emerging IIoT sector. Further, the document is well-organized for readers with limited time.

Positives

•    Broad scope that addresses the needs of various stakeholders

•    Clear language

•    Well-organized document

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