In the rapidly growing world of the Internet of Things (IoT), IoT gateways have emerged as essential components that bridge the gap between IoT devices and the cloud. As the backbone of IoT networks, these gateways not only streamline communication and data processing but also ensure the security of connected devices.
A new era of innovation is upon us, revolutionizing the automotive industry with the power of the Internet of Things (IoT). This ground-breaking technology is transforming the way we manufacture, operate, and maintain our vehicles, leading to smarter, safer, and more efficient driving experiences. But what exactly does this mean for the future of transportation, and how can we harness the full potential of these emerging technologies?
Cyber risks for small and medium-sized businesses (SMBs) have never been higher. SMBs face a barrage of attacks, including ransomware, malware and variations of phishing/vishing. This is one reason why the Cybersecurity and Infrastructure Security Agency (CISA) states “thousands of SMBs have been harmed by ransomware attacks, with small businesses three times more likely to be targeted by cybercriminals than larger companies.”
Boards of directors need to maintain an appropriate level of cyber expertise, incidents must be reported within 72 hours after determination, and all ransom payments made must be reported within a day. Those are just some of the changes made by The New York State Department of Financial Services to its Cybersecurity Requirements for Financial Services (23 NYCRR 500), effective November 1, 2023.
