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Cybersecurity in Smart Buildings 

  • September 2015
  • -
  • Frost & Sullivan
  • -
  • 36 pages


Executive Overview

Background: Cybersecurity Vulnerabilities in Smart Buildings

Today’s smart buildings are increasingly enabled by Internet of Things (IoT) and made functional by the ongoing convergence of operational technology (OT) systems and information technology (IT) systems in buildings. A host of new elements such as the cloud, remote access, data sharing and analytics, and connected and shared networks has fundamentally changed how built environments are being used and operated. Additionally, these elements have thrown open an otherwise closed-loop building architecture into one that necessitates the open access and control of many operators and service providers. The role of these entities is, to a large extent, crucial in reaping the benefits of a converged and connected space. However, buildings are exposed to a new threat that has been downplayed and undervalued for a long time. After witnessing a recent slew of security breaches, stakeholders of the smart buildings industry are recognizing the potential damaging impact cyber threats pose for the industry and its related businesses.

Strategic Messages for the Industry

Through dedicated research and dialogue with industry participants, Frost & Sullivan concludes the following:
- Investigating the issue of cyber threats in smart buildings is timely and pertinent.
- While avoidance may not be an option, the ability to minimize the impact of cyber threats needs exploring.
- Thought leaders and technology experts must collaborate to address various aspects of cybersecurity.
- Evaluating the efficacy of technology solutions pioneered by leading companies at an industry level is important. 9835-19 4 Cybersecurity in Smart Buildings
- A well-rounded strategic initiative is necessary to deal with this disruptive trend.
- Cyber threats demand the utmost recognition and intervention of administrators and regulators to implement industry-wide changes.

Pervasiveness of technology, ubiquitous connectivity, and an increasingly evolving machine-to-machine (M2M) environment will continue to impact and influence how smart buildings are operated, which will raise the need for protection against cyber risks quite significantly. A delayed head start not only poses huge challenges in dealing with this complex issue but undermines the value and adequacy of initiatives that could potentially be used to ward off adversarial impacts. Irrespective of such shortfalls, however, inaction is no longer an option for the smart buildings industry.

Table Of Contents

Cybersecurity in Smart Buildings 
Contents
Executive Overview3
Background: Cybersecurity Vulnerabilities in Smart Buildings3
Strategic Messages for the Industry 3
Defining Smart Buildings and Cybersecurity4
Takeaways5
Cyber Risks in Smart Buildings6
Technology Progression6
The Integrated Building Network7
IoT and Cyber Risks8
Smart Buildings Market Dynamics and Risk Evaluation, Global, 2014 10
Risk Exposure versus Market Prospects11
Cyber Risk Management for Smart Buildings 14
Scope and Magnitude of Cyber Crimes in Smart Buildings14
Buildings as a Component of Critical Infrastructure18
Cybersecurity Measures Adopted for Smart Buildings19
Cyber Risk Mitigation 21
Objectives of an Effective Cybersecurity Strategy for Smart Buildings 26
Cyber Risks and Stakeholder Review 27
Critical Challenges for Stakeholders 27
Interdependency in Risk and Responsibility Sharing 28
Industry Consensus Development on Core Issues30
Concluding Remarks33
Author and Key Contributors34
Legal Disclaimer 35
The Frost and Sullivan Story 36

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