There has been a great deal of hype around the potential for internet of things (IoT) sensors and devices to revolutionize various processes from major corporate fleet management down to refrigerator temperature. But underneath the buzz, there are still a lot of questions about where exactly IoT technology will find its place in the market, leaving government regulators with the tough task of figuring out what policy to put in place around it.
A report co-produced by Wiley Rein and the US Chamber of Commerce floated ten potential principles for regulators to consider as they look towards potential regulatory frameworks governing IoT cybersecurity. The report calls for a flexible, data-driven, broad-scoped policy, and it also pushes regulators to prioritize geopolitical cooperation around IoT security measures.
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