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VZV: Verizon Ventures Podcast

In this series, we bring together Verizon industry experts, investors and startups to discuss today’s most innovative technologies and their industry predictions. Over the course of several episodes, listeners will be treated to unique perspectives from our guests on the state of various industries, new and exciting developments, as well as insights on trends we can expect to see in the long term. We’ll cover off on topics like AI and chatbots, enterprise IoT, video and content, and consumer IoT and the Smart Home.
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Feb 17, 2017

“Security is an area that is going to have to be addressed at some point.”

(click to tweet)

A current hot topic in the IOT industry is security. After the DDos attacks, and major server hacks, IOT industries are working diligently to find a solution to intelligent reporting, to provide predictive measures to prevent future attacks. Entrepreneurs, scientists, and AI enthusiasts alike are searching for the answer to this persistent gap in security systems.

Welcome to Verizon Ventures! Today, we discuss what the future of intelligent reporting and tracking looks like, and the advances we have made towards reaching that goal.

Our guests include:

  • Thierry Sender, who is the director of the IOT product development at Verizon focused on strategy and vertical implementations.
  • Jenny Fielding, who is the managing director of Techstars IOT. Techstars is a venture fund and an accelerator focused on the internet of things.
  • Raj Singh, who is the managing director at JetBlue Technology Ventures.
  • Allison Clift-Jennings, who is the CEO of Filament. Filament is a company focused on connecting legacy industrial infrastructure. Filament is a Verizon Ventures portfolio company.

“If startups want to play in the big leagues, they have to focus on security.”

(click to tweet)

Highlights

  • Allison: It has become necessary for each physical device to have a secure element, such as a small cryptographic silicone based chip, that has special security concerns around it to prevent or make it difficult to fake that device, or steal it’s passwords.
  • Experts agree it would be irresponsible for any IOT manufacturer in 2017 to make something that does not have a secure element in it. Chips are only 30 cents each!
  • Security is and should always be multi-layered.
  • Companies might be throwing out products right now that aren't necessarily setting them up for success later. This is where we greatly want to improve.
  • In today’s day and age, you need an infrastructure that has security built in. If you do not, it will unfortunately, inevitably fail.
  • The types of attacks we may start to see won’t necessarily be predictable, but the industry aims to get there someday in the future.
  • A note to IOT startups: If you’re developing hardware or software, there are a LOT of different components to this that you need to take into consideration in terms of security.
  • Artificial intelligence and machine learning in their respective fields will really touch heavily on how we interpret the data we receive.
  • There will always be large insights to find in large areas of data.
  • One of the most exciting parts about artificial intelligence (AI), will be when you can begin to use it at the edge of Networks, to make less explicit decisions about occurrences happening.
  • Using AI at the edge of networks can be utilized to optimize network routes between devices.
  • We are at a point where we are about to experience exponential growth in intelligent devices sending data to Networks.
  • In the Aviation field, pilots are bombarded with notifications and have to work out which ones are important or not, which is a critical function, all while in the cockpit. The hope is that artificial intelligence can sort out which ones are critical and of importance before delivering.
  • The idea behind prevention and proactive: these are the things that will become prevalent in intelligent reporting.

“The DDoS coverage and media responded with “here are things you can do to make your device more secure,” and I think the question is whose responsibility is this?”

(click to tweet)

Resources

DDos Attack: https://en.wikipedia.org/wiki/Denial-of-service_attack

http://www.techstars.com/

http://www.jetblueventures.com/

https://filament.com/

https://thingspace.verizon.com/

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