Cognida Press Releases

Press Releases2018-10-02T16:46:31+00:00
509, 2018

Securing Enterprise IoT with Blockchain Integrated into Privileged Access Management Strategies

September 5th, 2018|

Securing IoT Data at Scale Is Possible Enterprise IoT solutions are growing, but some say not fast enough. What’s holding IT, OT and network operations teams from large implementations of connected things – from smart buildings, to smarter surveillance systems, to more efficient fleets and more optimized factories – is fear of attacks and security breaches. In a survey about IoT security published earlier this year, researchers found that 97 percent of respondents believe unsecured IoT devices could be catastrophic for their organization. For those who had implemented IoT technologies, only 29 percent reported actively monitoring connected endpoints and systems for related third-party risks. The Ponemon Institute, an independent research firm focused on privacy, data protection, and information security policy, and the Shared Assessments Program, the industry-standard body on third-party risk assurance published The Internet of Things (IoT): A New Era of Third-Party Risk, confirming what many CIOs already know, or feel – that we’re still early and that there are clear and present dangers when security is not thoroughly thought-through and implemented. Beyond Smart Metering, Connected Everything This is not to say there have been no widespread implementations. Shortly after the turn of the century, utility companies began [...]

2308, 2018

Adoption of IoT in the Enterprise: Unlocking The Real Value

August 23rd, 2018|

Growing Complexity of the Enterprise Security Landscape As enterprises adopt new distributed technologies, the data landscape is experiencing increasing complexity. These networked assets include systems, virtual resources, services, applications, APIs, and the data itself, each with its own methods for provisioning users, access to controls and data. The confluence of these disparate systems create complexity in multiple dimensions to enterprise administrators. The continued addition of new technologies, cloud services and distributed applications simply does not scale under the current landscape. IoT adds yet another dimension of complexity to the enterprise administration and security landscape. With over 450 proprietary and open source IoT platforms to choose from, technology choices can be perplexing. To complicate things further, increasingly organizations are being asked by vendors to adopt multiple IoT frameworks for the IoT solutions that they adopt. Each of these frameworks add their own unique APIs and  environment for administering users, devices and access controls. IoT adds a new layer of security and privacy concerns. Inconsistent, incompatible and, in some cases, non-existent security implementations across the plethora of IoT frameworks further exacerbates the problem. As many cloud IoT vendors monetize customer data in the cloud, privacy becomes yet another barrier to IoT adoption. [...]

908, 2018

Blockchain Rules: How Permissioned Blockchains Support GDPR and Other Privacy Regulations

August 9th, 2018|

Author: Michael Hathaway, Chairman of the Cognida Foundation Concerns about data privacy among consumers are becoming  increasingly prevalent in the wake of various data breach scandals, and as such, governments and regulatory bodies are responding with more stringent data protection laws. Perhaps the most noteworthy of these efforts is the European Union’s General Data Protection Rule (GDPR) that went into effect this year. The law, which seeks to protect individuals’ Personally Identifiable Information (PII), is driving a new level of transparency giving people the right to restrict its use or request it be deleted all together. But GDPR is not the endpoint; this trend will continue to go far beyond just one regulation. For example, the state of California passed a new law this year slated to come into effect in 2020 granting consumers more control over and insight into the sharing of their personal information online. Both of these plus other laws coming into play relate to how information is stored and where it is stored, but when it comes to technology, one of the safest and most convenient ways to transfer data between both trusted and untrusted parties is the blockchain. There is some confusion around the nature [...]

808, 2018

Smart Energy Grid Monitoring and Management Use Case

August 8th, 2018|

Author: Josh Jones, CMO Problem: A smart grid is an electricity network that can intelligently integrate the actions of all users connected to it, including  generators, consumers and those that do both, to efficiently deliver sustainable, economic and secure electricity services. A smart grid is a large "system of systems” and, according to the American National Institute of Standards and Technology, the architecture for smart grid is composed of seven big domains: Bulk Generation, Transmission, Distribution, Customers, Operations, Markets and Service Providers. These domain participants use one or more cloud based systems to manage millions of endpoints and monitor operations across multiple locations.  Emerging low cost IoT sensors and cloud services enable and increasing number of solutions and information, intended to optimize smart grids improve efficiency; adoption of these new technologies, however, is exponentially complex as these systems lack a unified login and security infrastructure and generally operate as data silos.  Imagine the task of administrators responsible for managing access and security for 100 generation facilities with 10 different platforms accessed by 1,000 employees; this would mean 10,000 unique logins as opposed to 1,000 with Cognida. Turnover of employees presents challenges in managing employee access accounts on multiple systems. [...]

208, 2018

Go to The Edge, Drive New Revenues

August 2nd, 2018|

Author: Josh Jones, CMO The total number of connected Internet of Things (IoT) sensors and devices is expected to grow from 21 billion this year to 50 billion by 2022, according to recent data from Juniper Research. This is in-line with other analyst firms’ predictions, which have been adjusted over the last five to ten years, but in aggregate show undeniable massive growth forecasts. Juniper claims the growth will be driven mainly by edge computing services – the processing of data away from the cloud and closer to the source. A large portion of the estimated 46 billion industrial and enterprise devices connected in 2023 will rely on edge computing, so addressing key challenges around standardization and deployment will be crucial. Communications Service Providers (CSPs) and others are paying attention to this, and it is driving large investments in edge technologies, including Multi-Access Edge Computing, “fog” computing technologies, and more. Cloud providers are also taken note, and even investing in their own nanotechnology at the edge, including Google, who announced in July 2018 they’re developing their own silicon, chipsets, and other tiny edge hardware and firmware. Blockchain, the immutable distributed ledger technology that can include self-executing "smart contracts" is strongly [...]

2607, 2018

Blockchain and Industrial IoT: Data Integrity Matters

July 26th, 2018|

Author: Michael Hathaway, Chairman of the Cognida Foundation There are no longer questions about the value of IoT in industrial settings. Cost savings alone are fully funding massive Industrial IoT (IIoT) projects, across verticals and applications including energy power plants, public transportation hubs, manufacturing facilities, smart cities, smart buildings, and more. While consumer IoT (wearables, consumer electronics, smart homes, smart appliance, smart cars and other single-user applications) continues to rise in adoption, the ROI for enterprises who are now scaling deployments beyond initial Proof-of-Concept projects and testbeds is so clear that budgeting dollars have are now growing, most often based on productivity and operational gains. IIoT requires solutions to ensure the integrity of the data, applications and infrastructure. The best approach to this, in our experience, is a decentralized, distributed, hashed, and timestamped database, otherwise known as a blockchain. By giving large enterprises and manufacturers the ability to own and control their data, they are in a much stronger position to detect and respond to security attacks or breaches, which can be devastating when it comes to digital industrialization, particularly associated with critical infrastructure (power grids, public water supplies, public safety networks, and more). Before enterprises invest in industrial IoT [...]

2307, 2018

Where Traditional and Cryptocurrencies Collide: Blockchain In Financial Markets

July 23rd, 2018|

Author: Josh Jones, CMO Innovation in the financial markets, including the traded markets, is a proven means for banks and other financial institutions to address disruption. Around the turn of the century, electronic trading began to eat away at traditional exchange revenues (New York Stock Exchange, London Stock Exchange, Nasdaq and the American Stock Exchange for example). The exchanges had to evolve, establish alternative trading systems, and creating new products including derivatives, exchange-traded funds, and more – and today, after a massive restricting of the traded markets, including consolidation into the International Exchange (or ICE, an American company that owns exchanges for financial and commodity markets, and operates 23 regulated exchanges and marketplaces) cryptocurrencies are the latest disruption on the table. The ICE includes futures exchanges in the United States, Canada, and Europe, the Liffe futures exchanges in Europe, the New York Stock Exchange equity options exchanges and OTC energy, credit and equity markets. ICE also owns and operates 6 central clearing houses: ICE Clear Europe, ICE Clear U.S., ICE Clear Canada, ICE Clear Singapore, ICE Clear Netherlands, ICE Clear Credit and The Clearing Corporation. ICE has offices in New York, London, Chicago, Houston, Winnipeg, Amsterdam, Calgary, Washington, D.C., San [...]

1707, 2018

Blockchain and Consumer Electronics IoT: Protecting Privacy

July 17th, 2018|

Author: Josh Jones, CMO We’ve only just begun to enjoy connected products. According to IHS (as illustrated by Statista), connected devices will grow from 23 billion in 2018 to over 75 billion by 2025. In 2017, there were an estimated 8.4 billion internet-enabled thermostats, cameras, streetlights and other consumer electronics. By 2030 there could be 500 billion or more. Most will be online all the time, and whether a voice-activated personal assistant, a water heater with preventative maintenance software built in, a smart city parking meter or wearable heart monitors, all are vulnerable to a cyber attack. The Consumer Electronics Show (CES) each year unveils more and more “smart” Internet-connected devices, made by large companies including Samsung, Apple, Microsoft, Google, Amazon and more, all of whom have systems in place to address security vulnerabilities. Consumers trust these brand names, and trust newcomers as well, for everything from smart light bulbs to smart doorbells, smart toasters, washers and dryers, health trackers and more. Insecure “internet of things” devices have already contributed to major attacks, including pivot attacks, where intruders hack into a home device and travel to the router and other devices which can be shut down temporarily or permanently, and [...]

2806, 2018

Is Blockchain for Enterprise the New Key for Securing – and Improving – Business Operations?

June 28th, 2018|

Author: Josh Jones Advances in supply chain management through software have made a dramatic difference in the way we discover things, buy them, have them shipped to our homes, and more. Supply chain management technologies are at the heart of the success of companies like Amazon, FedEx, UPS, Walmart, and countless more who make more money when they bring the physical and digital worlds together more effectively. What was a linear process has become a much more sophisticated, multi-dimensional process, as see in this illustration below, part of cloud supply chain software company Anaplan. New ways of managing supply and demand is not limited to the physical world, and breakthrough thinking by companies like Uber, AirBnB, Netflix and others nearly destroying traditional businesses by creating a better customer experience and leveraging big data to run their businesses more profitably. The biggest trend we see is that the “digital disrupters” have now become owners of “physical assets” and only within the last year or so. Uber, which is bigger than Hertz and Avis combined (based on market valuation) didn’t own a single car when they started – but they are now trialing autonomous vehicles. Amazon, which outsizes every massive retailer in [...]