Why IoT Raises Concerns About Identity Theft
ForgeRock, Tuesday, September 19,2023
The internet of things (IoT) - the collective name for internet-connected devices and sensors - represents a new era in technology. This hardware leverages advancements in connectivity, hardware, miniaturization, cloud computing, data processing, integration, and more to offer benefits to consumers and businesses alike.
We are all familiar with consumers' acceptance of IoT technology, and part of that is due to convenient capabilities, such as learning and adapting without direct instruction. For example, smart devices, such as IoT-equipped vacuum cleaners, can map a room and avoid obstacles while cleaning. But convenience is just the beginning. A smart device can call the police if an intruder is detected or alert a doctor when a patient is exhibiting certain symptoms, such as heart arrhythmia.
On the business side, IoT technology can create a variety of tangible benefits, such as cost savings, revenue growth, and improved customer experiences. Companies can use smart fixtures like lights and air conditioning units to conserve energy and reduce costs. They can use IoT sensors to monitor inventory and address supply-chain issues before sales are impacted. And they can use IoT platforms that provide real-time support for customers with simple questions.