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Group of cybersecurity experts assess the security challenges of IoT

Thursday 21 July 2016 00:38 CET | News

A group of technology security experts has warned that billions of connected devices are potentially at risk unless security sensitive software can be managed to an ecommerce standard.

The companies, including ARM, Intercede, Solacia and Symantec worked together to assess the security challenges of connecting billions of devices across multiple sectors, including industrial, home, health services and transportation. Their conclusion was that any system could be compromised unless a system-level root of trust was established.

Symantec estimates that one million internet attacks were carried out every day during 2015. The Internet of Things (IoT) expands the attack surface and according to Gartner, the analyst company, security is now the number one priority when building any connected product.

To deal with the risk, the companies collaborated on the Open Trust Protocol (OTrP) to combine a secure architecture with trusted code management, using technologies proven in large scale banking and sensitive data applications on mass-market devices such as smartphones and tablets.

The protocol paves the way for an open interoperable standard to enable the management of trusted software without the need for a centralized database by reusing the established security architecture of e-commerce. The management protocol is used with Public Key Infrastructure (PKI) and Certificate Authority-based trust architectures, enabling service providers, app developers and OEMs to use their own keys to authenticate and manage trusted software and assets.

Other members of the OTrP Joint Stakeholder Agreement are: Beanpod, Sequitur Labs, Sprint, Thundersoft, Trustkernel and Verimatrix.


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Keywords: cybersecurity, internet of things, ecommerce security, sensitive data, Open Trust Protocol, ARM, Intercede, Solacia, Symantec
Categories: Fraud & Financial Crime
Companies:
Countries: World
This article is part of category

Fraud & Financial Crime