Question

As the Internet of Things (IOT) develops, it seems that the risks inherent in these systems are fairly notable. As a future manager of an organization active in the IoT, do you think business(es) will voluntarily adopt controls on the IOT to keep it safe for business? Do you think voluntary controls will be sufficient to protect the IOT or will centralized governmental controls and regulations be required? Would you favor additional government regulation and policing to help better ensure cyberspace safety and security? If so, what types of regulations and/or policing would you recommend be considered?

Answer 1

Businesses might adopt voluntary IoT controls, but due to the extensive risks involving privacy and security, government regulations are crucial to effectively manage threats and safeguard cyber infrastructure. Mandatory security standards and continuous update of regulations in response to technological advances are recommended for robust IoT safety.

Step-by-step explanation:

As a future manager of an organization active in the Internet of Things (IoT), the decision to adopt voluntary controls on IoT to ensure cybersecurity is multifaceted. While businesses may initially opt for self-regulation to keep IoT safe, the collective nature of cyber threats and the interconnectedness of IoT devices make it unlikely that voluntary controls alone would suffice. The shared and global risks, such as loss of privacy, cybercrime, system failures, and the potential for exploiting personal data, suggest a need for comprehensive government regulations and oversight. Such regulations could include mandatory security standards for IoT devices, clear guidelines for data privacy and the handling of personal information, and the establishment of governmental agencies dedicated to monitoring cyberthreats and coordinating defenses against cyber attacks. However, an outright banning of all wrongful practices by businesses is infeasible, as regulation must evolve continually to address new challenges posed by technological advances. Consequently, regulations should focus on prevention, swift response to emerging threats, and fostering responsible innovation within the framework of societal safety and ethical standards.