Products connected to the Internet of Things should meet a minimum defined level of security and should be labelled accordingly to promote consumer trust, according to the European Union Agency for Network and Information Security (ENISA).
The agency worked with Infineon, NXP and STMicroelectronics to produce a position paper that reflects the European semiconductor industry’s IoT security concerns and provides guidelines for policymakers.
Despite the extra costs of security measures, the paper says there is mounting realisation that a lack of security can end up being just as costly, if not more so – and could be reputationally damaging as well.
