OTA Details the Shared Responsibility of Businesses, Consumers and Government to Avoid IoT Weaponization - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
March 7, 2017 Newswires
Share
Share
Post
Email

OTA Details the Shared Responsibility of Businesses, Consumers and Government to Avoid IoT Weaponization

PR Web

Bellevue, Wash. (PRWEB) March 07, 2017

The Online Trust Alliance (OTA), the non-profit with the mission to enhance online trust, today released its fourth in a series of vision papers entitled "Securing the Internet of Things; A Collaborative and Shared Responsibility." The report, released in recognition of National Consumer Protection Week, outlines the imperative actions that businesses, consumers and government must take to ensure the security, privacy and vitality of Internet of Things (IoT) devices.

"The thousands of new Internet-connected devices are dramatically improving the way we work and live," said OTA President and Executive Director, Craig Spiezle. "However, many IoT devices appear designed primarily for convenience and functionality without much if any attention to long-term security or privacy."

The paper likens connected device security and privacy to global warming. It warns if there isn't a concerted effort by all stakeholders, there will be a mass weaponization of devices--ranging from unlocking doors, disabling fire alarms, and the theft of personal and business property. As highlighted by the recent connected device privacy and security missteps by D-Link, Spiral Toys and Vizio, OTA believes IoT companies are not heading in the right direction.

"Much like global warming or industrial pollution, there will be long-term consequences resulting from inaction with IoT threats," the paper states. "The impact of these threats has jumped to the physical world. The lack of action has created a treasure chest ripe for abuse by white collar criminals, terrorists and state sponsored actors as IoT devices become weaponized. Left unchecked we may realize a "digital environmental disaster."

In the paper, OTA states that IoT devices are reaching a crossroads where regulation may be required. However, OTA acknowledges that passing regulation will take too long and will never keep pace with the evolving threat landscape. With the Trump administration's stated goal to eliminate two regulations for every new one introduced, OTA does not expect government to solve this problem any time soon.

It details how stakeholders have a collaborative and shared responsibility:

Retailers, Resellers & E-commerce Sites – The retail channel is perhaps the most influential party holding the keys to change. Not unlike retailers pledging not to sell products made by child labor or those from unsustainable forests, they play a pivotal role in setting baseline security and privacy measures for the products they profit from.

Developers, Manufacturers & Auto Makers – Manufacturers need to disclose their security support commitment to users prior to purchase. Not unlike food nutrition labels or new car stickers, they need to clearly articulate their security and privacy policies. Such notices should be included on product packaging and point of sale materials to easily inform consumers prior to purchase.

Brokers, Builders, Car Dealers & Realtors – A smart home or connected auto can be an attractive selling point for every buyer or renter. Often listed as a home or car feature, sellers should be encouraged to disclose all such devices and features, disable their access, and provide new owners the ability to re-set them. At "closing," car rental or sale they should be required to turn in their physical and digital keys, and remove all personal data.

Internet Service Providers & Wireless Carriers – Botnets taking control of IoT devices has become a reality recently with the discovery of thousands being commandeered to attack high-profile websites, rendering them inaccessible. Today in several countries including Australia and Germany, Internet Service Providers (ISPs) are required to block botnets emanating from residential IP addresses. While many have recognized this as a best practice, U.S. based ISPs and wireless carriers are not required to take action. Perhaps this is an opportunity for ISPs to expand their security offering.

Regulators & Policy Makers – Regulators need to recognize there is no perfect security or privacy. To promote innovation and commerce they should encourage self-regulation while providing a "safe-harbor" to device manufacturers who demonstrate they have adopted reasonable security and responsible privacy practices. Conversely, companies that fail should be "put on notice" that they may be exposed to oversight, fines and or class-action suits.

Consumers – Consumers must recognize the need to patch and ultimately replace insecure devices beyond their expected security life. When buying a connected device one should review the company's support commitment and privacy policy. If this information is not readily available or if their privacy practices are unacceptable, look for another product or retailer.

OTA's "Securing the Internet of Things; A Collaborative and Shared Responsibility" vision paper is at https://otalliance.org/Vision. OTA's IoT resources including the IoT Trust Framework outlining required device security norms and responsible privacy practices are posted at https://otalliance.org/IoT. The Framework was developed through a multi-stakeholder process which provides developers actionable and prescriptive advice to ship and maintain security and privacy for the life of their products and applications.

About OTA
The Online Trust Alliance (OTA) is a charitable non-profit think-tank with the global mission to enhance online trust and user empowerment while promoting innovation and the vitality of the Internet. Its goal is to help educate businesses, policy makers and stakeholders while developing and advancing best practices and tools to enhance the protection of users' security, privacy and identity. OTA supports collaborative public-private partnerships, benchmark reporting, and meaningful self-regulation and data stewardship. Its members and supporters include leaders spanning the public policy, technology, ecommerce, social networking, mobile, email and interactive marketing, financial, service provider, government agency and industry organization sectors. https://otalliance.org

Read the full story at http://www.prweb.com/releases/2017/03/prweb14126449.htm

Older

Symbility Solutions Announces Contract Renewal With UK Insurance Provider

Newer

Governor Hutchinson to Seek Changes to Arkansas Works Waiver, Legislation Needed

Advisor News

  • House panel advances CLEAR Forms Act backed by IRI
  • Modifying life insurance based on evolving needs
  • Gen X faces ‘pension envy’ as they head into retirement
  • Your client wants to cash out an annuity. Here’s what to consider
  • How student loan debt impacts 401(k) balances
More Advisor News

Annuity News

  • A-Cap strikes back with lawsuit accusing SC regulators of sloppy process, leaking secrets
  • AM Best to Discuss Its Views on Private Credit Surge and Risks at 2026 NAIC/NIPR Insurance Summit
  • OID recovers $260M in life insurance benefits
  • NUNN BILLS TO COMBAT PAYMENT SCAMS, CUT FINANCIAL RED TAPE PASS FINANCIAL SERVICES COMMITTEE
  • SS&C Black Diamond Expands Annuities & Insurance Marketplace with New Insurance Capabilities and Carriers
More Annuity News

Health/Employee Benefits News

  • SHIIP counseling available this fall at KRHC
  • Researchers from University of Chicago Discuss Findings in Artificial Intelligence (Molecules To Market: a Probabilistic Artificial Intelligence Framework for Predicting Managed Care Adoption At the Level of Drug Discovery): Artificial Intelligence
  • Idaho looks at Montana model amid rising health insurance costs
  • HHS' OFFICE FOR CIVIL RIGHTS SETTLES HIPAA INVESTIGATION OF AMBRY GENETICS PHISHING ATTACK AFFECTING 225,000 INDIVIDUALS
  • FACT-CHECK: BRAND DRUGMAKERS' RELENTLESS PRICE HIKES CAUSE HIGHER PREMIUMS
Sponsor
More Health/Employee Benefits News

Life Insurance News

  • Judge OKs class action against State Farm over PHL life insurance policies
  • AM Best Assigns Credit Ratings to Lasso Healthcare Insurance Company
  • A-Cap insurers face new takeover push in South Carolina
  • AM Best Affirms Credit Ratings and Assigns National Scale Rating to Allianz Ayudhya General Insurance Public Company Limited
  • Winged Keel Group Welcomes Scott Henderson, Expanding Institutional Relationships and Presence Across Midwest
Sponsor
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Press Releases

  • Lauren Sinnott Named to Ragan’s Top Women in Marketing Awards, Class of 2026 
  • Classic Car Insurer OpenRoad Insurance Expands to 40 U.S. States in Two Years
  • How Aspire General Turned an Early Technology Bet Into Claims Automation at Scale with Kyber
  • Adjusto launches AI-Native contents claims services powered by its technology platform
  • URL Insurance Group Celebrates 40 Years of Service, Growth, and Industry Leadership
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.