FinTech Magazine February 2019 | Page 22

MARSH
22 things that can be connected ,” Quigley explains . “ With lots of devices comes greater vulnerabilities because many of the firms exploring IoT aren ’ t truly focusing on the security .” This is where risk enters the frame : as more devices are connected , it creates more and more opportunity for one of the devices to fail , causing the system to go down . “ For IoT to work you also need a stable and secure connection under the 5G environment ,” adds Chao . “ CMT companies need to invest a lot in R & D in order to keep up .” Some of the risks involved with IoT we may not even be aware of yet . “ I think we have to be
FEBRUARY 2019