by Angela Guess
A recent article out of the company reports, “Experian, the leading global information services company, is offering fraud prevention strategies to businesses and consumers to manage risk and increase security when using Internet-enabled products, also known as the Internet of Things (IoT). In addition to connected devices such as smartphones and tablets, a tremendous number of consumer products — including cars, heart monitors and household appliances — are now connected to the Internet. Many of these connected products have weak security and controls, creating points of weakness in users’ critical private networks, systems and data.”
The article continues, “Experian encourages businesses to work with the mindset that any product poses a significant potential for threat. The tips below were created for businesses to use as a guideline: (1) Access to systems should require more than just credentials. Leverage cyber intelligence and complex device-recognition solutions to prevent unauthorized access. (2) Designate who has access to systems and clarify why they need it. It is also important to understand the normal behavior of who is logging into these systems, so that when anomalies occur, immediate preventative action can be taken. (3) Clearly outline roles and responsibilities in terms of access monitoring. This can be segmented by factors such as channel or line of business. (4) Share intelligence across the consumer and enterprise side of your business.”
Photo credit: Experian