Somos has unveiled SomosID. This cutting-edge IoT identity management service stands out for offering a comprehensive registry for IoT asset owners aiming to enhance visibility of their installed assets.
As digital transformation accelerates, organisations are increasingly implementing IoT technologies to optimise operations via automation. However, this advancement also increases vulnerability to cybersecurity threats. IoT devices, crucial for modern connectivity, are susceptible to cyber threats, contributing significantly to online malicious activities. Recent statistics reveal that IoT devices account for 8% of fixed broadband network infections, yet they are responsible for 88% of all attack traffic and more than 40% of all DDoS incidents, impacting millions of users daily. The lack of transparency in IoT device management, involving a myriad of supply, management, and communication partners without clear security accountability, poses challenges. Moreover, traditional security measures fall short in protecting against IoT-specific threats, with compromised devices potentially providing easy access to core enterprise systems and facilitating damaging breaches.
SomosID emerges as a comprehensive solution for IoT asset registry management, offering unmatched transparency for IoT assets. It enhances enterprise visibility into their IoT assets’ management and activities, thereby strengthening the IoT ecosystem through transparency and accountability. SomosID equips asset owners with essential tools to monitor an IoT asset’s identity and technical specifications, including the hardware and software bill of materials, certifications, and vulnerabilities. This information is consistently updated through all lifecycle events such as updates, new vulnerability alerts, suspensions, reactivations, ownership transfers, and end-of-life stages, ensuring asset owners have a clear view of their assets’ status.
Sri Ramachandran, SVP & Chief Technology Officer at Somos, remarked: “The advancement of IoT technologies has undoubtedly increased efficiency across various sectors. However, it has also significantly broadened the attack surface for cybercriminals. SomosID represents a shift in the approach to IoT security, offering a detailed inventory of IoT assets and real-time vulnerability notifications. This enables owners to confidently secure and manage their IoT assets.”
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