Seven challenges against securing the systemic cyberspace in the industrial IoT age

Abstract

Every new technology carries the potential to change the existing cyber-risk landscape that business organisations face today. In recent years, one of such new technologies has been the Internet of Things (IoT) which most business industries (service sectors) are increasingly relying upon. More specifically, these customer-facing service sectors—manufacturing, transportation, retail, finance, and energy, among many others—have begun to heavily exploit the opportunities that ubiquitous data-sensing, 5G-driven mobile communications, and rapidly scaled-up automation in IoT-driven control systems bring to derive efficiency, improved customer experience, and new service opportunities. Moreover, the pervasive IoT technology will result in business services that are hyper-connected and interdependent, operating on sophisticated shared infrastructures and relied on to support critical functions across society and industry.