In order for the insurance industry to stay abreast of technology and its risks involved, a closer look at 5G and the Internet of Things is required.
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With this frame in mind, think of the tsunami of data that will collide with existing IT infrastructure, which isn’t ready to service this data, nor is it ready to assimilate, parse and process it. In short, the very benefits of 5G and IoT can choke an enterprise’s backbone.
Once you have a litany of IoT-enabled devices in the thousands, if not hundreds of thousands, broadcasting telemetry, every one of those becomes a potential target for bad actors. In essence, we’ve exponentially increased the surface attack area here, which has to be consistently patched and curated.