Battling Water Theft and Waste: Myriota’s Impenetrable IoT Solution
15 Oct 2024
With over 75 billion devices expected to be connected by 2025, the Internet of Things (IoT) is rapidly expanding. Today, IoT is being integrated into key sectors like water supply, agriculture, and livestock management, and while this expansion offers unparalleled efficiency and connectivity, it also raises pressing security concerns. Cyber-attacks on water infrastructure and data portals is of global concern, it is estimated that roughly one-quarter of global water systems will likely have experienced a cybersecurity breach by 2025 according to a GHD analysis. A slew of recent data breaches and hacks in the U.S alone highlight the vulnerabilities in our current resource management systems. In this new IoT era, the line between opportunity and risk is thin, and stringent security measures are essential to protecting resource infrastructures across the public and private sectors.
Elevating Security through Myriota’s Zero-Trust Approach
We respond to these challenges through being a vanguard in secure IoT connectivity. Central to our strategy is a “zero-trust” security stance, providing an exceptional standard of authentication, encryption and data privacy. Our advanced security model operates under an astonishingly low probability of unauthorized access, with a brute force authentication attack estimated to take, on average, 165 billion years. Myriota’s framework also ensures that data transmitted over our proprietary network remains inviolable in both directions; protecting critical information and controls against emerging cyber threats.
The potential consequences of security lapses in water infrastructure are stark – from poisoning of water supplies, disruption of water service, costly infrastructure replacements, data leaks and more. Myriota’s robust security architecture is a much needed defense against these threats, and comprehensive security measures have been a priority consideration from the very beginning, and are a vast improvement on current industry standards.
A recent Forbes article lists security as the top barrier to success of IoT technology. Breaking through that barrier, we work closely alongside leaders in sectors, such as defense, that rely heavily on stringent security measures. As a result, we created our industry-leading data security protocol – not only an impressive technical feat, but one that provides a vital shield against an increasing number of attempted malicious cyber attacks. The infrastructure is robustly built to ward off various cyber threats, including data tampering, replay attacks, and forgery; thus safeguarding the integrity of critical data and the subsequent resources.
This technology, and more, led to Myriota being contracted by the Australian Government’s Defence Innovation Hub, using our network of nano-satellites to retrieve data from sensors across hundreds of Defence platforms, forming a global, space-enabled communications network. It also caught the attention of In-Q-Tel (IQT), a US-based strategic investor of Myriota, supporting intelligence agencies such as the CIA.
The real-world implications of our technology are profound. A new, international study from the University of Adelaide has revealed shocking information on water theft across the globe. Between 30% and 50% of the world’s water supply is stolen annually with agricultural interests being the largest offenders.
Considered the “thirstiest” industry on earth, agriculture is responsible for the highest water usage, and some of the highest water wastage due to leakage, misuse, and inefficient irrigation practices. But it’s not just agriculture that consumes large amounts of water, this precious resource is heavily relied on across all primary industries. As these industries continue to expand, diversify and modernize, available water sources deplete, making the need for reliable and secure water management solutions increasingly more urgent.
As our climate continues to shift and water scarcity becomes more prevalent, Myriota’s technology represents a giant leap forward in technology-led environmental conservation. Developing IoT solutions on Myriota’s ioT platform will enable better control and security over precious water resources, ensuring that water continues to flow, eliminating wastage in a way that’s highly secure, simple and affordable. Myriota and our partners are taking foundational steps towards better resource monitoring and more sustainable industries.
Securing the IoT-Led Future
The advancement of secure IoT technologies is inevitable, and Myriota’s innovative security solutions are set to play a crucial role in their adoption. Their partnership ecosystem across the Agriculture, Defense & Government, Oil & Gas, Water Management, and Tank & Equipment industries are driving real change. Myriota’s partnership with Grundfos, the global leader in pump manufacturing, is one such example. Their solution will ensure farmers across the world have secure, cutting edge technology in monitoring critical resource availability. The way this partnership helps critical industries approach their resource management paves the way for building a future where monitoring, control, and conservation are all achievable with nothing more than the tap of a screen.
For an in-depth understanding of Myriota’s security mechanisms, the Myriota Security and Privacy Whitepaper is an indispensable resource. It provides detailed insights into how Myriota is shaping the future of IoT security, essential for professionals in water management and Industrial IoT.
