As organisations increasingly rely on IoT devices for operational efficiency and data collection, managing each device securely throughout its lifecycle becomes crucial. IoT Device Lifecycle Management (DLM) is a structured approach to securing IoT devices from their initial setup through to decommissioning. By implementing best practices for each stage, organisations can reduce security risks, ensure data protection, and maintain compliance with regulatory standards.

Trend Micro’s recent report on the Water Barghest threat actor underlines a critical issue that has long plagued the IoT ecosystem: the security shortcomings inherent in many connected devices. With over 20,000 IoT devices compromised and exploited as residential proxies within minutes, this story highlights the growing risks posed by insecure IoT devices and the urgent need for proactive security measures.

The Internet of Things (IoT) and Operational Technology (OT) are revolutionizing industries such as healthcare, agriculture, and industrial automation, connecting devices on a new scale. However, with these benefits come unique cybersecurity challenges. Traditional IT security practices alone are no longer enough to safeguard complex IoT/OT ecosystems. To address the increasing risks, collaborative efforts are essential.