Security Issues in IoT
IoT has problems, like any new technology. To harness the full benefit of IoT, insurance firms must: IoT Privacy Data theft and security are IoT's biggest worries. Phishing attacks may target the insurance company's linked home, automobile, and IoT devices. Many consumers are hesitant to let insurance firm’s access personal information and data via IoT networks, particularly if the stated advantages are not consumer-focused. Insurers must implement best practices for security, encryption, and visibility to be proactive against cyber-attacks. Data management Insurance businesses have a daunting challenge managing data from linked devices and sensors. This issue is made worse by the time-sensitive nature of certain business choices, which need constant data access and analysis. Despite pressure, sensitive or protected data must be handled with care to comply with data privacy standards. As insurers attempt to handle this data in a timely and e...