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Prepare now for risks associated with IoT and 5G, including fraud
- Friday | 18th January, 2019
When you think of the explosion in the number of IoT devices being connected to existing (and soon 5G) networks the risk of massive security and fraud breaches becomes exponential. That is why far-sighted management teams are now putting in place the policies and processes to mitigate the risks certain to come. These fraud management systems have evolved steadily over the years but as fraudsters have become astute at taking advantage of new technology the detection systems can lag behind and only catch up after a new threat is recognised. The initial hype and hope for every new digital technology is followed soon after by fears that it will be compromised by hackers, pose a security threat or be taken advantage of by fraudsters. It’s much the same when somebody’s smartphone or other device fails to connect to a network.
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