#United States #IoT Security #Somos #Finite State #EAST BRUNSWICK, NJ; COLUMBUS, OH

Strengthening Security in the Digital Era

In an age where the Internet of Things (IoT) is becoming a standard, the need for robust security measures has never been more critical. Somos, Inc., a recognized leader in connected device security intelligence, has recently teamed up with Finite State, a reputable organization specializing in IoT security solutions. This collaboration aims to significantly improve supply chain security by incorporating advanced binary and source code analyses and software bill of materials (SBOM) solutions.

The Growing Need for IoT Security

With increasing regulatory frameworks such as the NIS2 directive and the Cyber Resilience Act gaining momentum, organizations now face an uphill task. They are under immense pressure to ensure that their devices are not only compliant with ever-evolving regulations but also secure against vulnerabilities. Sri Ramachandran, Senior Vice President and Chief Technology Officer at Somos, stated, "IoT security is no longer optional — it's essential." This sentiment underscores the urgent necessity for businesses to adopt comprehensive security measures to protect their devices and software products.

Partnership Objectives

Through their partnership, SomosID and Finite State are set to offer enterprises detailed insights into their IoT assets while enhancing the security of the software supply chain. The collaboration will facilitate:

• - Identifying and mitigating vulnerabilities: Employing advanced analysis tools provided by Finite State, organizations can pinpoint potential threats within IoT firmware and software components.
• - Deepening insights: By tapping into SomosID’s IoT asset registry, businesses can gain a comprehensive understanding of the security posture of their connected devices.
• - Ensuring compliance: The partnership aims to provide solutions that keep organizations compliant with current regulations, thus avoiding potential penalties and safeguarding their reputations.
• - Strengthening supply chain security: Risk assessments and continuous monitoring will be integral to identifying gaps and vulnerabilities, ultimately reinforcing security measures in the supply chain.

A Unified Approach to Security

The synergy between SomosID and Finite State brings together cutting-edge binary and source code analysis tools and robust asset registry capabilities. According to Matt Wyckhouse, CEO of Finite State, the partnership will aid in "addressing security vulnerabilities and supply chain risk at scale." With the proliferation of smart devices across various sectors, this unified approach cannot be understated.

Looking Ahead

As IoT adoption continues to rise, the landscape of security, compliance, and risk management will only grow in complexity. Together, SomosID and Finite State are committed to equipping organizations with the tools and insights needed to safely navigate this evolving digital ecosystem. This partnership is set to pave the way for a more secure future in connected technology.

To learn more about how this partnership can benefit your organization in securing IoT assets, visit Somos and Finite State.

About the Companies

Somos, Inc.

Somos, Inc. has established itself as a global authority on identity management and telecom data services. Managing over 7 billion digital identities, the company plays a crucial role in ensuring seamless communication for over 1,400 service providers worldwide.

Finite State

Finite State is a frontrunner in software supply chain security dedicated to protecting connected devices. The firm provides organizations with platforms that facilitate comprehensive risk management and compliance tailored to meet the needs of various sectors including automotive, telecommunications, and consumer electronics.