Why IOT industry is being targeted by Hackers?

We are living in a connected world, where nearly all devices are becoming connected.

The internet of things (IoT) is coming up in a big way and with amazing opportunities — but it also brings serious security threats.

IoT connects physical devices, so the hacking of IoT devices has the potential to cost human lives.

Further implications can be access to unauthorized and potentially confidential data that can then be used for other crimes.

Let Us See what our CEO, Abhishek Mitra have to say about IoT Hacking:

IoT devices have potential security vulnerabilities like weak passwords and other poor default security settings, lack of encryption when devices communicate over the network, and poor (or non-existent) user-serviceable device management.

Due to these vulnerabilities, many IoT devices are surprisingly easy to attack.

Ransom attack

Researchers at cybersecurity firm McAfee called the past months “the quarter of data dumps” in an alarming report released on Wednesday.

The 40-page survey of the security landscape found more than 2.2 billion stolen account credentials were made available on the cybercriminal underground this quarter and hackers had even figured out ways to break into Wi-Fi enabled coffee makers.

“The impact of these threats is very real,” said Raj Samani, McAfee fellow and chief scientist.

“It’s important to recognize that the numbers, highlighting increases or decreases of certain types of attacks, only tell a fraction of the story. Every infection is another business dealing with outages, or a consumer facing major fraud. We must not forget for every cyberattack, there is a human cost.”

It is a small video on Ransom Attack:

IOT BOTNET ATTACK

A new IoT botnet named Ares is infecting Android-based devices that have left a debug port exposed on the Internet.

VIDEO ON BOTNET RECENTLY SHOWCASE IN 2019:

What kind of action or preventive measures have saved the industry from being hacked and face humiliation?

#iot #cybersecurity #attack #hacker

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