40% users blame manufacturers for security of their IoT devices

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New Delhi, Oct 18 | As internet of things (IoT) smart devices pick up adoption in our daily lives, new research said on Monday that 40 per cent of users think that manufacturers are responsible for the security of their devices.

Nearly 88 per cent of users who surveyed own some kind of IoT device in their household.

Almost half of them put the responsibility for the security of those devices on manufacturers and therefore do nothing to protect them, according to research by NordVPN, a leading virtual private network (VPN) service provider.

IoT devices are known as some of the most vulnerable to hackers’ attacks, both because of the valuable information they collect and the weak security measures they usually have installed.

“So, the fact that only 55.9 per cent of research respondents felt the obligation to protect them shows that users don’t understand how rushed the manufacturing of those devices can be,” said Daniel Markuson, a cybersecurity expert from NordVPN.

Experts worry that users put too much responsibility on manufacturers, and that makes them vulnerable.

This is especially true considering that cybercrime is growing worldwide.

In fact, if it were measured as a country, then cybercrime, which is predicted to inflict damages totalling $6 trillion globally in 2021, would be the world’s third-largest economy after the US and China, the research noted.

“IoT device makers are in a rush to sell the gadgets as quickly as possible. This means that they are shipping them out with the minimum features required for them to function, shortening the development process and cutting costs as much as possible,” said Markuson.

“This is great for device makers, but horrible news for consumers. When things are rushed, they leave huge gaps in security adds,” he warned.

The research found that people mostly put the responsibility on themselves (55.8 per cent), manufacturers (41.4 per cent) and the government (18 per cent).

“Governments play a big part in creating security standards for the devices. Manufacturers are responsible for implementing those standards and developing better technology. And users can ruin all of that work by doing nothing to protect their devices,” the research said.

Source: IANS

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Does MBA really help in getting a better job offer ?

Does MBA really help in getting a better job offer ?

Most students pursuing an MBA come with the sole objective of having a decent job offer or a promotion in the existing job soon after completion of the MBA. And most of them take loans to pursue this career dream. According to a recent survey by education portal Campusutra.com  74% MBA 2022-24 aspirants said they would opt for education loans.

There are exceptional cases like those seeking master’s degree or may have a family business to take care of or an entrepreneurial venture in mind. But the exception cases are barely 1%. For the rest 99%, a management degree is a ticket to a dream job through campus placements or leap towards career enhancements. Stakes are high as many of them quit their jobs which essentially means loss of 2 years of income, apprehension and uncertainty of the job market. On top of that, the pressure to pay back the education loans. Hence the returns have to be high. There is more than just the management degree. Colleges need to ensure that they offer quality management education which enables them to be prepared for not just the demands of recruiters and for a decent job but also to sustain and achieve, all along their career path.

  • So, what exactly are the B Schools doing to prepare their students for the job market and make them industry ready ?
  •  Are B schools ready to deliver and prepare the future business leaders to cope up with the disrupted market ?  

These are the two key questions every MBA aspirant needs to ask, check and validate before filling the MBA application forms of management institutes. And worth mentioning that these application forms do not come cheap. An MBA aspirant who may have shortlisted 5 B Schools to apply for, may end up spending Rs 10,000.00 to Rs 15,000.00 just buying MBA / PGDM application forms.

While internship and placements data of some management institutes clearly indicates that recruiters today have specific demands. The skill sets looked for are job centric and industry oriented. MBA schools which have adopted new models of delivery and technology, redesigned their courses, built an effective evaluation process and prepared the students to cope with the dynamic business scenario, have done great with campus placements despite the economic slow down.

However, the skill set being looked for by a consulting company like Deloitte or KPMG may be quite different from FMCG or a manufacturing sector. Institutes need to acknowledge this fact and act accordingly.

  • Management institutes should ensure that students are intellectually engaged, self motivated and adapt to changes fast. In one word ‘VUCA ready’.
  • B Schools should encourage students to participate in national and international competitive events, simulations of business scenarios.
  • Institutes should have the right mix of faculty members with industry exposure and pure academics.

The placement records of 2021 across top management institutes indicated the fact that recruitment is happening, skilled talent is in demand and certain management institutions continued to attract recruiters even in the middle of an ongoing crisis.

It is time, all management institutes rise to the occasion, understand market realities and identify areas of improvement at both ends – students and faculty.

After all, the stakes are high at both ends. B Schools taking corrective measures will stay while those which are lagging will end up shutting down.

Author Name : Nirmalya Pal

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