Week 1S Discussion Privacy and Corporate Liability

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School

Prince George's Community College, Largo *

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Course

413

Subject

Business

Date

Nov 24, 2024

Type

docx

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Uploaded by seth7up.sf

CSIA 413 Week 1 Discussion: Privacy and Corporate Liability Privacy and Corporate Liability Introduction Greetings Red Clay’s Stakeholders, . As a firm that specializes in the rehabilitation of homes that upgrade homes with smart home and Internet of Things (IoT) technologies there are risks that are associated with utilizing that technology. The company collect, stores, and process consumers’ data for financial purposes and installation of our smart devices in their homes that data is always at risk of unauthorized disclosure and data tampering from hackers. For this brief I will cover how third-party equipment can sense and record information and how those devices and capabilities can infringe on consumers’ privacy and the risks the company could face. Analysis IoT devices such as cameras, microphones, and light sensors can record information to store for later use and can sense the movement and body heat of consumers while in their homes with the help of smart sensors. A smart sensor is a device that takes input from the physical environment and uses built-in computer resources to perform predefined functions upon detection of specific input and then process data before passing it on (techtarget.com, 2023). With us supplying third party equipment to home buyers there are cybersecurity risks that hardware is vulnerable to that impact the loss of privacy. Implementing the best cybersecurity practices when it comes to our vendor is paramount and to ensure that our partners have safeguards in place to protect their products. Supply chain attacks occur when an attacker infiltrates a system by targeting a less secure component in the supply chain that IoT devices are at risk of. “IoT devices are often unsecured because they are designed to be open and accessible. This makes them vulnerable to cyberattacks, leading to data breaches and disruptions in supply chain operations” (itsupplychain.com, 2023). Smart home devices can infringe on consumers’ privacy by collecting data without user consent or some third- party equipment might share or sell user data to advertisers or other entities without users being fully aware. “A large number of popular IoT devices, including many that are purchased to improve physical security, actually have no authentication or encryption, and can be easily found through tools such as Shodan , allowing potential attackers to establish a direct connection to these devices while bypassing any firewall restrictions”(Harold, R., January 28, 2020). Taking proactive steps to protect the privacy of our consumers should be at the forefront of and can protect the company from scrutiny. Red Clay must ensure safeguards are in place to prevent a data breach. Data breaches can negatively impact Red Clay by financial costs in resolving the breach, remediation, and legal consultations. Fines and penalties can be imposed by regulators for violations of data protection laws. We have to ensure that our consumers have the upmost trust in our product to know that their personal data will be protected, and that Red Clay maintains the highest level of customer satisfaction in all aspects.

References: Harold, R. (January 28, 2020). Five Common Privacy Problems in an Era of Smart Devices. https://www.isaca.org/resources/news-and-trends/isaca-now-blog/2020/five-common-privacy-problems-in-an- era-of-smart-devices Itsupplychain.com (2023). Insights Into IoT Device Security for Supply Chains. https://itsupplychain.com/insights- into-iot-device-security-for-supply-chains/ Techtarget.com (2023). Smart sensor. https://www.techtarget.com/iotagenda/definition/smart-sensor

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