IoT Devices Growing To 46 Billion; Security Breaches Seen

Recent large-scale IoT-driven cyberattacks may only be the beginning if the security in consumer IoT devices remains unchanged.

As the number of connected devices increases, so does the security risk if the market doesn’t address IoT cybersecurity, according to a new report by Juniper Research.

The report references cyberattacks from the Fall, which leveraged compromised IoT devices to create so-called "botnets" to attack servers, saying that the current security vulnerabilities of IoT devices may lead to more complex attacks in the future.

“Attacks such as those on Dyn last October can be viewed as proof of concepts,” said Steffen Sorrell, author of the report.

“In the medium-term, botnets will be used far more creatively, not only to disrupt services, but also to create a distraction enabling multi-pronged attacks aimed at data theft or physical asset disruption,” Sorrell said.

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The brands making IoT devices should begin to design security directly into the devices, according to Juniper.

This recommendation also appears in other sets of guidelines for IoT security developed by government agencies, one of which plans to go further if the market fails to take action.

The FCC is monitoring the security risks within the Internet of Things and plans to step in with regulation if it determines the market won’t adequately address the risks naturally, as the IoT Daily recently reported (Now FCC Stepping In On IoT Regulations).

This could be done through updating the FCC’s equipment certification process or creating a task force, potentially leading to new laws, according to the FCC.

By 2021, the installed base of IoT products will grow to 46 billion units, 15 billion of which will be consumer-facing, according to Juniper.

 

1 comment about "IoT Devices Growing To 46 Billion; Security Breaches Seen ".
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  1. Eddy Hagen from insights4print.ceo, January 26, 2017 at 2:54 a.m.

    The security of IoT is underexposed. There is a big threat if security stays the way it is at this moment. Just a few recent problems: on Monday Lloyds Bank was hit by a DoS attack, making their online services unavailable. On Saturday the Sundance Film Festival had to close the box office, due to a DoS attack. On Monday all domestic flights from United Airlines were grounded, due to a 'technical glitch in the IT system'. No idea if this was a DoS attack, but it does show the extreme dependence on IT systems... These days, many DoS attacks are coming for unsecure IoT devices, including security cameras, baby phones, even printers.


    Earlier this week, before this article by MediaPost came online, I also published an article about IoT and the risks. I've been working on that article for a few weeks. It contains a dozen references to get an idea of the scale and the problems involved. And advice what the manufacturers should do. You can read it here: http://www.insights4print.ceo/2017/01/iotinternetoftroubles/

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