Are our laptops and smartphones the only devices connected to the large virtual space, the internet? Certainly, not! The internet, as we know today, connects a diverse range of devices that are built to make life more convenient.
The hyperconnected space has given birth to a new ecosystem which we call the Internet of Things. It is a digital realm that powers our smart watches, smart cars, smart home appliances and even a smart home itself.
Gartner, a leading research and advisory firm, has predicted that over 20 billion devices will be connected to the IoT ecosystem by 2020. In fact, a report by Business Insider forecasts that business spending on the technology will hit around $6 trillion by 2021.
While the Internet of Things (IoT) has carved out a comfortable place for itself in today’s society and markets, many still fear that the interconnectivity-driven phenomenon is extraordinarily vulnerable to outside attacks. A number of U.S. Senators believe they may have a solution to the problem, and have put forward the Internet of Things Cybersecurity Improvement Act of 2017.
What are the exact details of the text of the bill, and how does it intend to secure one of the most diverse and unregulated assets of the economy? What potential pitfalls stand in the bills way, and how much of a chance does it have of becoming law? An analysis of the IoT Act reveals that it’s a healthy step in the right direction, but it may not be enough.
The Internet of Things (IoT) wasted no time spreading across the world and connecting millions of individuals. In just a few short years, billions of sensors redefined how businesses operated and how people interacted with one another, and that was only the start; one IHS forecast predicts the IoT will grow to reach a staggering 75 billion devices by 2025.
Connected cars are the future for the automotive industry, with more than 90 percent of vehicles expected to have built-in connectivity by 2020. But, as more vehicles link up to the internet, lawmakers are worried about their security.On Wednesday, lawmakers introduced a bipartisan bill in the U.S. House of Representatives that would direct the National Highway Traffic Safety Administration (NHTSA) to study cyber security in vehicles. Rep. Joe Wilson, R-SC, and Rep. Ted Lieu, D-Calif., co-sponsored The Security and Privacy in Your Car Study Act, which hopes to create a standard for safety in connected cars.
A consortium of researchers today announced the development of a universal, free, and open-source framework to protect wireless software updates in vehicles. The team issued a challenge to security experts everywhere to try to find vulnerabilities before it is adopted by the automotive industry.
The new solution, called Uptane, evolves the widely used TUF (The Update Framework), developed by NYU Tandon School of Engineering Assistant Professor of Computer Science and Engineering Justin Cappos to secure software updates. Uptane is a collaboration of NYU Tandon, the University of Michigan Transport Research Institute (UMTRI), and the Southwest Research Institute (SwRI), and is supported by contracts from the U.S. Department of Homeland Security, Science and Technology Directorate.
Cybercriminals will use distributed denial of service (DDoS) attacks in 2017 to extend their reach as there are now several Internet of Things (IoT) devices containing outdated codes and operating with well known vulnerabilities, a global security firm warned on Monday.
According to Sophos, global network and endpoint security firm, financial infrastructure is at greater attack risk as the use of targeted “phishing” and “whaling” continues to grow.
A security researcher claims to have established the identity of a programmer behind the code that carried out some recent crippling online attacks.Late last year, hundreds of thousands of connected devices were hacked and used to send debilitating surges of data to servers. These so-called Internet of things (IoT) botnets, made up of hardware such as Internet-connected cameras and broadband routers, were used to take down websites and Internet infrastructure. The most notable attack affected large swaths of the East Coast of the U.S.
3It’s easy to be skeptical about new tech trends. Every emerging technology is seemingly touted as the “next big thing,” which leaves consumers and investors to wonder which new thing is truly the next big thing, and what’s just hype.
So I understand why there’s some skepticism among investors about the Internet of Things (even though I think it could be one of the best years to invest in this market). But if you doubt that the IoT has staying power, or worry that it can’t live up to the hype, or that it’s just a fad, let me challenge that thinking by explaining what the IoT is, and more importantly, what it is isn’t.
Okay, marketers and technology enthusiasts have been talking about the coming of the Internet of Things (IoT) for years. But with products like Google Home and Amazon Echo emerging and gaining popularity, it’s reasonable to suspect that 2017 is the year that IoT finally starts taking off.Even though original estimates held that we’d see 50 billion “connected” devices by 2020, revised estimates are still targeting nearly 30 billion, representing an industry worth hundreds of billions of dollars in the near future.