Top 5 Supply Chain Security Challenges and Solutions of IoT

The Impact of IoT on Supply Chains

Supply chains are becoming smarter and more efficient due to the Internet of Things (IoT), which is transforming the way they function. But what does IoT really bring to the supply chains?

• Real-time Monitoring: The IoT devices monitor the goods in real time. They transmit details on location, temperature, humidity and other factors. The information assists organizations in making informed decisions.
• Automation: Items in warehouses can be sorted automatically using the Internet of Things (IoT) devices, and the same with updating the inventory. This automation speeds up operations and minimizes human error.
• Predictive Maintenance: Through IoT sensors, maintenance can be predicted by analyzing the device components and classifying them before they fall down, and thus maintenance and downtime can be reduced.
• Improved communication: Devices can communicate better with one another, allowing information to flow across the supply chain.

But with these advantages, there are challenges, notably in the area of security.

Vulnerabilities Specific to IoT

However, IoT devices come with certain vulnerabilities that must be addressed. Knowledge of these vulnerabilities is the first step to securing them.

• Tampering with Devices: Unlike computers or traditional systems, IoT devices are typically out in the field unattended. It makes them vulnerable to direct tampering as well as to unauthorized access.
• Data Breaches: These devices are collecting a ton of data. Sensitive information can be compromised and become a target without security.
• Weak Authentication: A lot of IoT devices have default login credentials. These poor security practices allow attackers to gain access with ease.
• Insecure Communications: If the data passed between devices aren’t encrypted, the devices are susceptible to man-in-the-middle attacks.
• Vulnerabilities in Firmware: If firmware has not been patched, the hackers look for it as a means to get into the network.

Top Practices for Secure Internet Of Things

Following best practices can dramatically increase security within your Internet of Things devices in the supply chain. Let’s break them down:

• Implement Robust Authentication Mechanisms:
• Change default credentials right away.
• Turn on multi-factor authentication when available.
• Encrypt Data:
• Protect data in transit with end-to-end encryption.
• Provide some more content about what the data should be.
• Deploy Secure Firmware:
• Jack the firmware up on all devices.
• For security updates, go with devices that make them automatic.
• Network Segmentation:
• Isolate IoT devices on their own network.
• Restrict their ability to communicate with the rest of the business network.
• Continuous Monitoring:
• Put mechanisms in place to track device behavior for anomalies.
• Actionably respond to risks with an established reaction plan.
• Perform Regular Security Audits:
• Periodically evaluate the security protocols implemented.
• Refresh protocols in line with most updated threat intelligence.

For organizations looking to keep spending in check without sacrificing security, firewall, server and router rentals are an ideal solution. This means that larger security technologies could be used, without having to invest heavily in this upfront, or even downscale when demand dictates.

Bringing It All Together

Aspects of Industry 4.0 such as IoT have great potential to enhance supply chain efficiency and insight. However, the rise of the connected device also contributed to security risks. Companies can conquer these IoT vulnerabilities and maximize the potential of IoT by putting them in check.

As we conclude this deep dive into the IoT-enabled supply chain, one thing will always hold true: an investment in IoT supply chain security is as much about safeguarding data and operations as it is the smart thing to do. From enforcing authentication methods to leasing secure firewalls, security comes first for a resilient and robust supply chain.