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Is IoT-Driven Supply Chain Vulnerable to Risks?

By Logistics Tech Outlook | Thursday, June 27, 2019

Is IoT-Driven Supply Chain Vulnerable to Risks?Even though IoT technology is necessary for supply chain, it comes with its own set of security challenges.

FREMONT, CA: As the industries move toward technological advancements, companies are getting creative with the implementation of the internet of things (IoT) into their supply chain operations. With the rise of IoT devices, the risk to secure personal information is also escalating very quickly. The inherent inter-connective link up of IoT devices makes the security platform more vulnerable to cyber attacks. Even though IoT technology equips an organization with better visibility and control over many variables, but it is more likely to disrupt the security protocols.

Supply chain faces a broad range of applications as well as challenges with the integration of IoT technology. Both physical and cyber threats lurk in the realm of IoT-powered supply chain. Obvious and most blatant threats are made to the security system when the user is unable to detect the cyberattacks. The unnoticed intrusions affect the external and internal operation of privacy while damaging the functionality of the supply chain. Such threats arise due to the divergence between advanced internet infrastructure and traditional firewalls at every step of the system. The constant risk of getting robbed make the gathering and transmitting of vital data utterly useless for an organization.

Inventory theft by officials and business employees at the distribution center remains one of the biggest threats to supply chain management. The loophole created by a hybrid environment disarrays the company's supply chain as it becomes entirely undetectable to identify and retrieve the data or the product. Apart from the failure of inventory theft, the unskilled IT teams also add to the risk of an enterprise. As the data storage is often involved in a centralized cloud environment, the liability of safeguarding the cloud servers increases, and failure to impose a proper security protocol leads to serious information leakages. Open accessibility should include permission and access management to provide a robust, protected cloud solution. The IoT devices and sensors embedded in a piece of machinery needs to be checked, verified, secured, and encrypted before the implementation of its services enters into the market. Threats and vulnerabilities are always on the picture; however, the utilization will not decelerate with time as experts tend to introduce more secure blockchain and ledger technology for future uses.

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