Finance Derivative: Cybersecurity and the Internet of Things: Time for Biometrics?
22 October 2018
By David Orme, SVP, IDEX Biometrics
The Internet of Things (IoT) is growing at a rapid pace, with connected devices and white goods entering our domestic and working environments faster than ever before. Now, thanks to the advent of Wi-Fi, what we once deemed to be white goods are increasingly becoming connected and ‘smart’. It’s now possible to order a pizza, replenish the fridge and download a film to watch, all within ten minutes and without leaving the comfort of your armchair using IoT technology – what bliss!
IoT is, undoubtedly, making life much more straightforward. Gone is the need to trawl shops, to battle for that last space in the supermarket car park or struggle through the high street with bags full of shopping. IoT lets us delegate important every day, but mundane, tasks to connected goods, leaving us free to focus on the more complex and fun things in life. If your fridge can order the milk for you automatically (and if it doesn’t already, chances are you will in due course own a fridge that can), that’s one less thing to think about on the way home from work in a busy modern life.
Yet like most good news, IoT comes with a few caveats. Chief among these is the issue of cybersecurity.