Diabetes Technology Society announced that the first FDA cleared insulin pump has received certification under the Diabetes Technology Society’s “Standard for Wireless Diabetes Device Security” cybersecurity assurance standard and program, known as DTSec. This distinction goes to Insulet Corporation’s Omnipod DASH™ Insulin Management System.
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The cybersecurity field of operational technology (OT) is buzzing as companies increasingly realise that their production systems, manufacturing plants, chemical processing plants, or industrial control systems are at risk from cyber-attacks. This realisation is fuelled by a big uptick in hacker interest as such systems are insecurely connected to the internet and compromising them is a change from stealing credit card information.
In response to cybersecurity concerns, companies often claim that their OT systems are air gapped and not connected to the internet — so they are immune from cyber attacks via this route. The bad news is that upon further investigation, in almost all instances, such claims are found to be incorrect. The reality is that connections abound and systems light up with data flows without the company even knowing about it.
The Real Cost of Cyber Attacks
Cyber threats keep executives up at night because cyber-criminals are well funded and highly motivated to acquire, or hold for ransom, valuable corporate data. In other cases, destructive malware (for example NotPetya) cause havoc and platform destruction just like a wildfire. These threats and resulting attacks can severely affect your organisation’s bottomline and reputation. By some estimates, 70% of companies go out of business after a major data loss.
A smart home is a house equipped with connected components such as lighting, heating, and electronic devices that can be controlled remotely by phone or computer. In order for all these systems to work effectively, they must be connected to one another on the same wireless network. This is known as Machine to Machine connection or M2M connectivity. With huge market growth projected for the smart home market, the market for M2M connections is expected to grow simultaneously. By the year 2020, the U.S. M2M connections market is projected to be worth $7,262.76 million.* By 2021, the number of total M2M connections is expected to be 3.3 billion worldwide.**
Meeting compliance is vital for organisations across all industries — but it’s a mistake to think that compliance equals security for your network and your data. While regulations are improving all the time, IT managers and the C-suite too often believe that checking all the boxes required by regulators will ensure their organisation will pass an audit or be 100% protected from a breach.