Dyn

There is a saying, ‘fast, cheap and good – pick two.’ This appears to apply to the IoT as manufacturers race to get new fast and cheap products to market, but at the expense of security.

Service providers are faced with a great opportunity in the era of IoT, but with it comes great risk. It’s been a turbulent time for service providers in recent months, not least due to the rise in frequency and complexity of DDoS attacks which can completely knock out their networks.

Today’s consumer devices are becoming defined by their embedded technologies. Wireless locks for everything from doors to bicycles can be controlled from your smartphone, eliminating the frustration of lost keys and forgotten combinations.

In October 2016 the world received a harsh wake-up call about the importance of IoT security, says Shane Buckley, CEO of Xirrus.

Both Cisco and Ericsson forecast there will be approximately 50 billion connected devices in operation globally by 2020. Whatever the exact figure, we can predict one certainty: IoT will play an increasingly dominant role in our lives, redefining them as we know it.

The infamous Mirai malware is now capable of targeting Windows systems, according to researchers at an antivirus firm. The original version of the malware was discovered in August 2016 and was used by cybercriminals to create botnets of infected Internet of Things (IoT) devices.

Poor IoT device security is a growing concern throughout the business world. Thomas Fischer, Threat researcher and Global Security advocate at Digital Guardian outlines six ways IoT product developers and manufacturers can prevent their devices from being turned into a botnet army.

New data from Juniper Research has found that the consumer IoT (Internet of Things) installed base will reach over 15 billion units by 2021, an increase of 120% over 2016.

We’re all aware of the benefits of IoT, and how it is set to make tasks quicker and easier. But these intuitively connected cars, fridges and utility devices haven’t really gone mainstream yet, and they won’t until an Internet of Things (IoT) standard is introduced.

Internet-based attacks are on the rise and, increasingly, these attacks target IoT devices like DVRs, web cams, and appliances.

In today’s market, segments of the broader IoT ecosystem have been under-served, especially small-to-medium businesses (SMBs) and mid-sized cities. However, this oversight will change over the next several years as these entities seek to embrace the efficiencies and cost reductions that enterprises and government agencies are achieving through IoT implementations.

A new zero-day attack vector could be used to enhance the effectiveness of botnet tools used to launch recent attacks on Dyn, Krebs on Security and OVH. So says Corero Network Security (LSE: CNS).