Associated Risks in Smart Factories

IOT News

Associated-Risks-in-Smart-Factories Associated Risks in Smart FactoriesWith IoT gaining momentum, smart factories are becoming a reality, with many smart facilities popping up all over the planet. These IoT-enabled smart facilities, although have their fair share of advantages such as offering increased worker safety and efficiency improvements while reducing wastage, they do come with an associated risk of network attacks. As it goes with any networked system, there is always a lingering issue of data security, an issue that has elevated to the extent that if neglected there is an increased chance of an intruder attack.

IoT & DDoS Attacks

Interconnection with a network is the basic foundation of a smart facility, which relies heavily on interconnected networked devices. These devices pretty much communicate everything via a network, making it the sole reason to safeguard them, because if left unsecured or unattended, there is a high probability of a network breach.

Possible Risks that a smart facility can face are:

  • Data Theft: Today, businesses are at an increased risk of data theft, a tech-savvy hacker if gains entry to the smart factory network, he/she is likely to be equipped with the necessary toolset to either steal all the data or encrypt it for ransoms or monetary returns.
  • Service Disruption/Downtime: IoT-enabled smart facilities are highly reliant on continual to & fro communication between networked equipment and the computer hub. In an event of a network breach, it won’t take much effort for intruders to cause service disruptions or even shut down the whole facility.
  • Theft of Intellectual Property: Hackers often are associated with the practice of corporate espionage, they may steal your intellectual property and sell it to the highest bidder.

Thus, although all these associated risks may tempt one to lay back and continue using an analog factory model, there are plenty of steps which one can take to either eliminate or reduce these risks, to achieve a multi-fold throughput from the smart facility.