Looking Ahead: Addressing IoT supply chain shortcomings

Smart supply chains and enhanced logistic solutions have been gaining momentum yet.. ...

Vincentas Grinius, CEO at IPXO, notes a few vulnerabilities concerning the technology, which should be addressed before upgrading to IoT-driven supply chain management – to avoid leaving any open doors for external threats. 

Over the past few months, smart supply chains and enhanced logistic solutions have been gaining momentum as retailers focused on keeping their production lines open. Yet the new tech brings along a set of barriers to consider, to ensure secure IoT-driven infrastructure launch. 

Increased investment in IoT is paving the way for a new phase of fully digitalized supply chain management. The trend was largely influenced by the pandemic-related workforce layoffs and mandatory state lockdowns. Smart logistic solutions offer an entirely new level of flexibility and efficiency, as well as require less human capital to supervise and maintain operations, making it more economically resilient.  

Although with a lot of potential use cases, Vincentas Grinius, CEO at IPXO, notes a few vulnerabilities concerning the technology, which should be addressed before upgrading to IoT-driven supply chain management – to avoid leaving any open doors for external threats.  

External security gaps 

Each IoT device needs an IP address to access the organization’s network, for instance, to send or receive relevant information concerning in-stock, machine operability, and other crucial information. However, IoTs are usually set up on public IP addresses, meaning they are visible for all Internet users. This could lead to a serious external data breach, which could potentially take down the entire supply chain structure. 

“Each IP address needs to be validated by an encrypted certificate, either LOA or ROA. The difference between them is that the latter is digital, hence, more secure and tamper-proof,” explained Grinius. “However, the majority of IPs in the industry are still under LOA certificate, thus for IoTs operating on LOA-verified IP addresses, the risk of breach becomes significantly higher.” 

“ROA is crucial in terms of preventing IP hijacking and securing network integrity,” he continued, “and should become common practice, as it could better protect the entire infrastructure.” 

Robust network perimeter 

Controlling a large number of IoT devices requires setting up a robust network perimeter. As malware is becoming more and more technologically sophisticated, Mr Grinius emphasized regular security protocol updates, as some of the threats may be in the making, and timely upgrades are key in detecting any new red-flags. 

“The IoT industry is still evolving, therefore we may not even be aware of some of the associated threats. Building a robust network perimeter, as well as making sure all of the security policies are up-to-date remains vital to prevent outside attacks,” explained V. Grinius.  

Traffic monitoring 

Tracking IoT-related traffic may be the difference between catching a threat just-in-time or a little too late. Being able to distinguish any abnormalities is relevant to long-term security, as previously deemed suspicious traffic would be red-flagged on the spot. 

“Sometimes real-time data is not enough. Analyzing historic data enables to dive deep into network forensics and make deductions if an intruder has been trying to knock-down your defenses, and reiterate accordingly. Isolating patterns, previously identified as malicious, allows to not fall victim to recurring threats, and keep a watchful eye on any new malware that might be emerging.” 

IoT offers a great deal of manufacturing flexibility, and, if all security shortcomings are timely addressed, will bring supply chain management up to an entirely new level of efficiency, helping businesses recover and thrive in the post-pandemic economy. 

For more information visit: www.ipxo.com 

For more BusinessFinance & Investment news follow i-invest Online


Other stories you may like

  • Exclusive Investor Proposition: London Tech Week 2024
    London is Europe’s biggest tech start up hub, with entrepreneurs creating new business across every field of tech. For investors looking to connect with the best and the brightest, there’s no better place than London Tech Week. For 2024 we’ve created a new range of features…
  • Blockchain Technology: Revolutionising Trust and Data Management
    Blockchain technology has emerged as a groundbreaking innovation, transforming various industries beyond its initial association with cryptocurrencies. In this article, we delve into the fundamentals of blockchain, its applications, and why it matters. What Is a Blockchain? At its core, a blockchain is a decentralised, distributed ledger shared among…
  • FastWave Medical’s Cutting-Edge IVL Technology: A Leap Forward in Cardiovascular Care
    FastWave Medical, a clinical-stage medical device company, has recently achieved a significant milestone by securing its third utility patent for their innovative intravascular lithotripsy (IVL) technology. This patent, granted by the United States Patent and Trademark Office (USPTO), underscores FastWave’s commitment to advancing cardiovascular care and improving patient…
  • The Rise of Smart Video Doorbells
    Smart video doorbells have become an essential part of modern home security systems. These devices allow you to see and communicate with visitors at your doorstep, even when you’re not at home. In this article, we’ll compare four popular smart video doorbells: the Arlo Video…
  • Nanotechnology in Drug Delivery
    In our data-driven era, where information flows ceaselessly, a silent revolution is unfolding at the tiniest scale: nanotechnology drug delivery. Imagine manipulating materials at the nanometer level—so small that a billion of them fit within a meter. This is where science fiction meets reality, and the…