Microsoft Leverages IoT Tech to Combat Online Fraud
The software giant is banking on the Internet of things and the cloud to help law enforcement combat cyber-criminals.As the IT industry scrambles to outfit the burgeoning and potentially lucrative market for Internet of things (IoT) technologies, Microsoft has already settled into the role of a cyber-crime fighter. IoT will roil the IT industry in the coming years, industry watchers predict. From smart cities to smart homes, billions of sensors and devices are expected to flood the Internet with traffic and data centers with analytical workloads. Cisco expects that by 2020, the Internet of everything, an expansion of sorts of the Internet of things, will have a global financial impact of $19 trillion. For now, Microsoft is leveraging its IoT efforts to combat cyber-crime, an area law enforcement struggles with. "Fighting cyber-crime against residents—particularly identity theft and fraud—is a growing concern of law enforcement agencies that are often hampered by legacy technology and budget restrictions," wrote Microsoft's IoT Industry Team in a company blog post. "Microsoft's Digital Crimes Unit (DCU) is focused on helping agencies evolve to establish aggressive defenses against cyber-crime—and to do that, they are using IoT technologies."
In a separate post, Kirk Arthur, managing director of Microsoft Worldwide Public Safety and Justice, observed that law enforcement officers are often outclassed by tech-savvy criminals. "Too often, law enforcement is far behind in the use of technology that is being leveraged on a daily basis by international organized crime," remarked the former U.S. Secret Service agent.