Retrofitting security into a connected product after it’s deployed is like remodeling a building’s foundation after tenants have moved in. It’s disruptive, expensive, and sometimes impossible without compromising function or safety. For IoT manufacturers, the costs—financial, reputational, and operational—can be staggering.
This post explores why the traditional "test and patch" approach is no longer viable and how investing in early-stage product security can save time, money, and risk across the lifecycle.
The Cost of Delay
When security flaws are discovered post-deployment, remediation isn’t just about pushing a patch. It often involves:
- Rushing engineering teams to develop and test fixes
- Validating updates across diverse device configurations
- Distributing firmware updates securely, sometimes over limited OTA channels or performing physical updates on-site
- Rebuilding customer trust if exploitation has already occurred
According to a Ponemon Institute study, the average cost of a data breach in 2023 was $4.45 million—an all-time high. For connected devices, the indirect costs are even greater: certification setbacks, customer churn, reputational damage, or blocked market access.
Why Prevention Is Cheaper—and Smarter
Security by design helps reduce the volume and severity of security issues that surface late in development or after release. By integrating security at every stage of the SDLC, teams:
- Detect vulnerabilities in first-party, third-party, and open-source components early
- Identify insecure configurations or coding practices before they’re shipped
- Minimize costly rework by addressing issues when changes are less expensive
As Finite State CEO Matt Wyckhouse emphasized during the recent IMC panel, "Finding vulnerabilities is the beginning of a long journey... you have to manage your product security throughout the entire lifecycle of your product."
Finite State’s Lifecycle Security Approach
Finite State helps manufacturers avoid the late-stage scramble by embedding security throughout the development and maintenance process:
- Early Detection: Our platform performs deep binary and source code analysis to uncover hidden vulnerabilities and risks long before release.
- SBOM Management: Generate, import, and enrich SBOMs at any SDLC stage, keeping your component inventory current and allowing for accurate risk posture assessment.
- Remediation Workflows: Triage, prioritize, and fix issues with CI/CD integration and automation capabilities, and developer-friendly tools.
- Continuous Monitoring: Stay ahead of emerging vulnerabilities with real-time alerts and policy-driven enforcement.
Conclusion
Reactive security is not just more expensive—it’s dangerous. By prioritizing security from day one, device makers can reduce costs, accelerate time-to-market, reduce the risk of breaches and data loss, and build trust with regulators and customers alike.
Finite State gives you the visibility, context, and control to stay ahead of threats before they reach production.
Book a demo to see how Finite State helps you shift left and secure your connected devices before it’s too late.
