While these technologies offer powerful capabilities, they also expose organisations to a wider and more complex threat landscape. Protecting these environments is no longer optional; it’s imperative for business continuity, data integrity, and operational safety.
The growing risk landscape
IoT refers to the vast network of connected devices that collect and exchange data, from smart sensors in offices to networked HVAC systems. OT, on the other hand, includes systems that manage industrial operations—like manufacturing equipment, power grids, and water treatment facilities. Traditionally, OT was isolated from IT networks, making it less vulnerable to cyber threats. But with the convergence of IT and OT systems, the attack surface has dramatically expanded.
Cybercriminals have taken note. According to a 2024 report by Cybersecurity Ventures, attacks on IoT and OT devices are expected to double by 2026, with ransomware and data exfiltration being the most common threats. Notably, the infamous Colonial Pipeline ransomware attack in 2021 illustrated how vulnerable OT systems can disrupt critical infrastructure and ripple across the economy.
Why IoT and OT are high-risk targets
IoT and OT systems often lack basic security features found in traditional IT infrastructure. Many devices are built for longevity rather than security, meaning they run outdated firmware, use default credentials, and lack patching mechanisms. Furthermore, OT systems prioritise uptime and reliability over rapid software updates, making them slow to adapt to evolving threats.
Common vulnerabilities include:
- Weak authentication protocols
- Insecure communication channels
- Unmonitored third-party access
- Lack of segmentation between IT and OT networks
The consequences of exploiting these weaknesses can be severe ranging from data theft to physical damage or operational shutdown.
Key strategies for mitigating IoT and OT threats
Addressing these vulnerabilities requires a comprehensive and proactive security strategy. Here are some critical steps enterprises should take:
1. Asset discovery and visibility
Before you can protect your IoT and OT devices, you must know what you have. Implement continuous asset discovery tools that can automatically identify and categorize all connected devices across the enterprise. This includes understanding device behaviour and communication patterns to detect anomalies.
2. Network segmentation
Properly segmenting IT, IoT, and OT networks is essential. A flat network architecture makes it easier for attackers to move laterally once they gain access. Use firewalls, VLANs, and micro segmentation to isolate critical systems and restrict communication paths.