Inmarsat says in its report that enterprises recognise their approaches to cyber security must be strengthened, but are not yet taking the practical steps to safeguard their Industrial Internet of Things deployments.
And, according to Inmarsat, enterprises found that, worryingly, just 33% of supply chain businesses are investing in new security technologies and only 29% have sought specialist support to protect their IoT solutions.
The study, which surveyed 750 businesses across the global supply chain, revealed that two-thirds (66%) of respondents reported that their processes to combat cyber security threats could be stronger, and 68% said more could be done to protect against data mishandling.
The study found that one driver for this response is a lack of relevant skills, with 56% of respondents reporting that they lacked staff with cyber security skills to deliver their Industrial IoT deployments.
Tara MacLachlan, vice-president for Industrial IoT at Inmarsat Enterprise, said: “While Industrial IoT presents immensely exciting possibilities for enterprises across the global supply chain, it also increases the risk that they will face cyber security issues, and our research suggests that they are unprepared for these risks.
“A network is only secure as its weakest point, and with Industrial IoT increasing the potential surface area for cyber attacks, enterprises must ensure that they harden every element of their IoT deployments. Without secure Industrial IoT networks, enterprises may leave themselves open to cyber attacks designed to cripple industrial machinery, ransomware or industrial espionage.
“Truly secure Industrial IoT deployments must have security built in from the ground up. This must include secure access management, secure execution environments, enhanced data encryption, and smart validation and authentication between sensors, gateways, and the software orchestration platform.
“As we have seen from the results of this study, not every enterprise has the skills or technology capabilities to ensure an IoT solution is secure from end-to-end. Enterprises need to collaborate with specialist providers who can offer a fully managed IoT service that considers security at every stage, from the edge sensors, to the gateways and orchestration platforms, to the connectivity and networks themselves.”