New technologies are constantly emerging that allow everyday objects to connect to each other and become part of the Internet of Things (IoT). Some experts predict nearly half (45%) of SMEs will be using connected devices during 2015.
From smart burglar alarms to sensors that can detect when machinery is at risk of breakdown, these devices have the potential to transform the way SMEs do business. However, connected devices also expose SMEs to additional cyber risks.
This article highlights how brokers can help their SME customers understand the benefits and dangers of using connected devices.
• Security and risk management.
• Impact on insurance.
• Cyber risk.
• Technology for the future.