Does IoT stand for “internet of threats”? One senator says it might soon, and warned that the internet of things could “pose a direct threat to economic prosperity, privacy and our nation’s security.”
Indeed, security issues plaguing IoT devices have long been a concern, and last week congressional Democrats introduced a bill designed to help mitigate what are seen as widespread vulnerabilities. But while the effort is noble and may help raise awareness of the issues, there are lots of reasons why the Cyber Shield Act of 2017 won’t end up doing much to actually solve the problem.
Source: Is the U.S. finally about to take IoT security seriously? | Network World
Security outfit Gemalto has just released a survey which says that 90 percent of consumers lack confidence in the security of Internet of Things (IoT) devices.
The survey showed that two thirds of consumers and almost 80 percent of organisations support governments getting involved in setting IoT security because they did not trust manufacturers to protect them.
Gemalto Data Protection CTO Jason Hart said it was clear that both consumers and businesses have serious concerns around IoT security and little confidence that IoT service providers and device manufacturers will be able to protect IoT devices and more importantly the integrity of the data created, stored and transmitted by these devices,.
Source: Few trust the Internet of Things | Fudzilla
The seriousness of KRACK and the threat posed by Wi-Fi vulnerabilities to IoT-enabled devices should not be underestimated, say experts.
This week, the headlines have been full of KRACK, ever since security researchers revealed on Monday the existence of several major security vulnerabilities that could be exploited to steal sensitive information from devices connected to a wireless network.
These exploits are known as Key Reinstallation Attacks – hence the term KRACK – and they affect the WPA2 protocol that is the current industry standard for encrypting traffic on Wi-Fi networks. In other words, a skilled hacker could intercept and manipulate the traffic flowing between a connected device and the web.
The only good news in this whole mess seems to be that the attacker needs some physical proximity to the device itself in order to succeed in this kind of attack. At the very least, that vastly reduces the possibility that KRACK could be used to create botnets.
Source: Analysis: Researchers reveal KRACK in the IoT | Internet of Business
Europol and EU cyber security agency Enisa have hosted a two-day conference to find was of addressing the cyber security risks posed by internet connected devices.
This is one of eight conclusions drawn from a conference of representatives from the private sector, security community, law enforcement, the European Computer Security Incident Response Teams (CSIRT) community and academia.
The conference was hosted by Europol and Enisa, which have joined forces to tackle the security challenges presented by a wide and diverse ecosystem of up to 20 billion interconnected devices by 2010 and services that collect, exchange and process data to adapt dynamically to a context.
Source: Cooperation vital to securing internet of things, says Europol | ComputerWeekly
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.
Source: 7 Ways The Internet Of Things Will Change Businesses In 2017 | Forbes
I’m writing by the light of a candle, with a pencil in the bathroom. I have to sit here in the dark. You see, the Internet of Things is driving me mad, out of my mind. The appliances in my home are ruining me; sliming me.
I always had trouble with inanimate objects: doors that hit me, shoes that hid from me, hammers that sought out my thumbs and carpets that wanted me flat on my ass. But that was before the Internet of Things; before Silicon Valley issued them with brains.
That nice, useful microwave is a malicious devil. Would you believe that it has gotten the other appliances – all those with computers built in — to conspire against me because of something I wrote belittling the Internet of Things?
Well, the things have taken up arms against me. It is war, plain and simple, in my home.
They bully me. The washing machine emailed me, “I know what you and the boys did last night. Spaghetti and Chianti again?” …’
Source: The Internet of Things has Turned on Me, Big Time | HuffPost
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.
Source: 3 Things You Should Really Know About the Internet of Things | The Motley Fool
The internet of things (IoT) is slowly changing the world. It already integrates with numerous industries and can be found in many homes around the globe. Research firms like Gartner and the International Data Corporation (IDC) predict monumental growth in terms of connected devices and profits.
IoT’s rising position, however, may not be wholly due to its own merits. Rather, it’s the intersection with artificial intelligence that is responsible for such advantages as workplace efficiency, cost savings on utility bills, and convenience.
While we’re already reaping rewards from the interplay between AI and the IoT, the duo still has a ways to go to reach its full potential. Consumers, designers, developers, government leaders, and manufacturers are worried about various aspects of the combined technologies. And those concerns must be addressed if we’re to develop a positive, forward-looking roadmap.
Source: The prevalence of AI-powered IoT devices inspires mixed emotions | VentureBeat
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.
Source: Researcher Claims He’s Identified a Co-creator of a Massive Internet of Things Botnet | MIT Technology Review
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.
Source: Internet of Things based DDoS attacks to rise in 2017: Report | The Indian Express