According to an on line report from
Reuters[1], US
authorities are investigating hacking into U.S. government computers,
possibly compromising the personal data of 4 million current and former federal
employees.
This criminal activity raises several risk issues for the
IoT thinkers.
Operational Risk:
Big Data may be hacked into by human elements who have a criminal intent.
It could bring operations of corporations and even nations to a complete halt.
The systemic risk and contagion risk
in interconnectivity are huge. So there
is an urgency in the need for a deeper look in to risk- mitigation strategies.
If operational risk armor has
vulnerability, then big data analytic
initiatives in business enterprise s are
subject to probable thefts and that is a
business risk.
ISACA[2] points to amplified
technical impact—If an unauthorized user were to gain access to centralized
repositories, it puts the entirety of those data in jeopardy rather than a subset of the data. That
article points out that there is a huge technical
risk in the IoT. Embedded (IoT) machines,
like traditional computing devices, could be mauled by hackers. These cyber
attacks could result in damaging outages and be injected with by malware. As IoT devices are inter- connected
to a network, they are collectively
vulnerable.
Finally, there is the possibility
of a strategic risk as economic growth patterns can be disrupted by hacking
systemically. There could be economic proxy wars waged. The need to work on a 'threat exists'
hypothesis is real.
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