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Executive Summary
Securing the
Internet of
Things
The Internet of Things (IoT) could supercharge
industrial value creation by enabling a nonstop
variety of new business models and applications.
But it can also expose industries and consumers to
unanticipated security issues. Emerging from the
convergence of IT systems and operational
technologies like smart sensors and actuators, the
IoT covers everything from wireless heart monitors
to autonomous cars. While few doubt its
transformative power, many recognize the new
security risks that arise when businesses
incorporate the IoT at the edge of their networks.
In fact, businesses surveyed by the World Economic
Forum identified cyber-attack vulnerabilities as
their most important IoT concern.1
Threat hotspots include critical aspects of operational
security, the diverse number of communication
protocols in use today, vulnerable software patches
and unsecure access management practices. Hovering
over all of these are the privacy expectations of
consumers, who are becoming more aware of the
online threats they face.
To secure applications while also pursuring value-
creation abilities, digital enterprises should consider
the following suggestions:
#IoTSecurity
2
Engineer trust into connected products.
Apply “secure by design” principles throughout a
product’s development, from concept ideation to
series manufacturing instead of addressing security
issues at the end of the cycle. Designers should
also build in operational controls when originally
configuring systems to verify that all component
behaviors conform to expected operational norms,
and undertake a complete analysis of a system’s
threat-versus-risk profile. Engineering responses
should focus on eliminating undesirable outcomes
(e.g., breached customer data).
Adopt a new operational mindset.
Monitor the IoT’s operational and security health
continuously—a big data challenge that requires
a big data solution. Furthermore, an IoT system
might depend on other such systems, so design for
failure survival and focus on resiliency, starting with
anomaly detection capabilities enabled by machine
learning and effective responses.
Develop contextualized threat models.
Build tailored threat models that take into account
key business goals, the underlying technical
infrastructure, and potential threats that can disrupt
the business. Such models can help to prioritize IoT
security threats and uncover blind spots.
Apply mobile and cyber/physical system (CPS)
security lessons.
Consider the lessons learned and the growing
pains endured by mobile networks and CPS arenas.
In some ways (i.e., embedded systems), they are
precursors to the IoT.
Adopt privacy by design (PbD) principles.
Establish access and authorization rights to data
sets as they are collected, and co-locate these rights
with relevant data sets when moved or stored.
Track and use emerging standards.
Understand emerging standards from collaborative
organizations and consider joining standards bodies
to exploit rapidly evolving technology innovation.
Continue to educate system users.
Educate users regarding increasingly sophisticated
phishing and social engineering attacks.
The IoT promises to deliver substantial productivity
improvements over the coming decade, but very
few IoT assets feature adequate security, something
many business leaders likely do not know. As a
result, many companies expect to run what they
presume are high integrity applications in what
they don’t realize are low integrity environments.
3
SECURING THE INTERNET OF THINGS
Copyright © 2015 Accenture
All rights reserved.
Accenture, its logo, and
High Performance Delivered
are trademarks of Accenture.
Accenture is a global management consulting,
technology services and outsourcing company,
with more than 323,000 people serving clients
in more than 120 countries. Combining
unparalleled experience, comprehensive
capabilities across all industries and business
functions, and extensive research on the
world’s most successful companies, Accenture
collaborates with clients to help them become
high-performance businesses and governments.
The company generated net revenues of US$30.0
billion for the fiscal year ended Aug. 31, 2014.
Its home page is www.accenture.com.
ABOUT ACCENTURE
Contributors
Allan Haughton
Accenture Digital: Digital Mobility/IOT Security Lead
Michael Teichmann
Accenture Security: IoT/IIoT Security Capability Lead
Pablo A. Vaquero
Accenture Security: Security Offering Development
—Mobile/IOT Security Lead
References
1
World Economic Forum, in collaboration with
Accenture, Industrial Internet of Things: Unleashing
the Potential of Connected Products and Services
This document makes descriptive reference
to trademarks that may be owned by others.
The use of such trademarks herein is not an
assertion of ownership of such trademarks
by Accenture and is not intended to represent
or imply the existence of an association
between Accenture and the lawful owners
of such trademarks.

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Security for the IoT - Report Summary

  • 2. The Internet of Things (IoT) could supercharge industrial value creation by enabling a nonstop variety of new business models and applications. But it can also expose industries and consumers to unanticipated security issues. Emerging from the convergence of IT systems and operational technologies like smart sensors and actuators, the IoT covers everything from wireless heart monitors to autonomous cars. While few doubt its transformative power, many recognize the new security risks that arise when businesses incorporate the IoT at the edge of their networks. In fact, businesses surveyed by the World Economic Forum identified cyber-attack vulnerabilities as their most important IoT concern.1 Threat hotspots include critical aspects of operational security, the diverse number of communication protocols in use today, vulnerable software patches and unsecure access management practices. Hovering over all of these are the privacy expectations of consumers, who are becoming more aware of the online threats they face. To secure applications while also pursuring value- creation abilities, digital enterprises should consider the following suggestions: #IoTSecurity 2
  • 3. Engineer trust into connected products. Apply “secure by design” principles throughout a product’s development, from concept ideation to series manufacturing instead of addressing security issues at the end of the cycle. Designers should also build in operational controls when originally configuring systems to verify that all component behaviors conform to expected operational norms, and undertake a complete analysis of a system’s threat-versus-risk profile. Engineering responses should focus on eliminating undesirable outcomes (e.g., breached customer data). Adopt a new operational mindset. Monitor the IoT’s operational and security health continuously—a big data challenge that requires a big data solution. Furthermore, an IoT system might depend on other such systems, so design for failure survival and focus on resiliency, starting with anomaly detection capabilities enabled by machine learning and effective responses. Develop contextualized threat models. Build tailored threat models that take into account key business goals, the underlying technical infrastructure, and potential threats that can disrupt the business. Such models can help to prioritize IoT security threats and uncover blind spots. Apply mobile and cyber/physical system (CPS) security lessons. Consider the lessons learned and the growing pains endured by mobile networks and CPS arenas. In some ways (i.e., embedded systems), they are precursors to the IoT. Adopt privacy by design (PbD) principles. Establish access and authorization rights to data sets as they are collected, and co-locate these rights with relevant data sets when moved or stored. Track and use emerging standards. Understand emerging standards from collaborative organizations and consider joining standards bodies to exploit rapidly evolving technology innovation. Continue to educate system users. Educate users regarding increasingly sophisticated phishing and social engineering attacks. The IoT promises to deliver substantial productivity improvements over the coming decade, but very few IoT assets feature adequate security, something many business leaders likely do not know. As a result, many companies expect to run what they presume are high integrity applications in what they don’t realize are low integrity environments. 3 SECURING THE INTERNET OF THINGS
  • 4. Copyright © 2015 Accenture All rights reserved. Accenture, its logo, and High Performance Delivered are trademarks of Accenture. Accenture is a global management consulting, technology services and outsourcing company, with more than 323,000 people serving clients in more than 120 countries. Combining unparalleled experience, comprehensive capabilities across all industries and business functions, and extensive research on the world’s most successful companies, Accenture collaborates with clients to help them become high-performance businesses and governments. The company generated net revenues of US$30.0 billion for the fiscal year ended Aug. 31, 2014. Its home page is www.accenture.com. ABOUT ACCENTURE Contributors Allan Haughton Accenture Digital: Digital Mobility/IOT Security Lead Michael Teichmann Accenture Security: IoT/IIoT Security Capability Lead Pablo A. Vaquero Accenture Security: Security Offering Development —Mobile/IOT Security Lead References 1 World Economic Forum, in collaboration with Accenture, Industrial Internet of Things: Unleashing the Potential of Connected Products and Services This document makes descriptive reference to trademarks that may be owned by others. The use of such trademarks herein is not an assertion of ownership of such trademarks by Accenture and is not intended to represent or imply the existence of an association between Accenture and the lawful owners of such trademarks.