Cybersecurity of Industrial Internet of Things (IIoT) Devices

In Canada, the revenue in the Industrial Internet of Things Devices (IIoT) market is projected to reach US$6.85bn in 2024. It is expected to show an annual growth rate of 10.06% from 2024 to 2028, resulting in a market volume of US$10.05bn by 2028. Similarly, the number of IIoT devices installed in industrial and settings continues to rapidly increase. IIoT consists of Internet-connected machinery, infrastructure and advanced smart devices that collect, exchange and analyze data to enhance manufacturing, industrial processes and operational efficiencies. They are deployed to improve connectivity, efficiency, scalability as well as time and cost savings for organizations throughout the grid. Grid participants are integrating field devices in enterprise-wide information systems, adding historians, configuration management, event retrieval and remote access. There remains a continued need for standards and conformity assessment programmes to certify IIoT integrated in systems as cybersafe. New standardized approaches to assess the conformance of installed systems using IIoT devices are being implemented but need to continue to be assessed against Canadian requirements. The standard provides a consolidated overview of key security features and practices to meet industry recommended standards and best practices. Where applicable, each requirement has referenced industry, regulatory, or best practice standards from across the globe to foster international, regional and national alignment of requirements.