K
Kathleen Martin
Guest
With new technological advancements coming to light every day, the supply and demand for IoT devices has increased significantly. Humans have started relying on these devices for even the most basic everyday functions. In fact, as per a study conducted by IDC, 4 out of 5 people check their phones within 15 minutes of waking up! With IoT devices taking over our daily lives, cyber criminals are a little too ambitious to let the opportunity slide.
As IoT devices store, transmit and process so much essential data every day, they serve as the perfect target for cyber criminals. According to an article published by Cyber Magazine, IoT devices suffer an average of 5,200 cyber attacks every month. While businesses are reaping huge benefits from the IoT ecosystem, the risk of cyber attacks has increased exponentially as well.
Major IoT Cyber Threats in 2021
There are a number of cyber risks plaguing the world of IoT devices. Some of the major IoT cyber threats in the current times include:
#1 Absence of Updates and Unencrypted Updates
Another primary cyber risk associated with IoT devices is the lack of regular updates and weak update mechanisms. These devices may be secure initially, however, they become vulnerable with the discovery of new security bugs or issues. If these bugs and issues are not fixed through regular updates, the devices become exposed to attacks.
Several old devices don’t even provide any security updates and most of the newer models do not ensure secure installation of security patches. The absence of proper encryption in a device’s security patch installation process significantly increases the risk of code modification by threat actors.
The infamous Satori malware serves as a perfect example of such attacks. This malware delivers a worm to a vulnerable device so that the infection spreads from device to device without any human interaction. It spreads by targeting known vulnerabilities in specific ranges of IoT devices.
In December 2018, Satori infected several D-Link home routers around the globe, making them a part of the potent IoT botnet used for attacking websites and mining cryptocurrency. The routers were infected by exploiting a 2-year-old remote code-execution vulnerability.
Continue reading: https://securityboulevard.com/2021/09/cyber-threats-haunting-iot-devices-in-2021/
As IoT devices store, transmit and process so much essential data every day, they serve as the perfect target for cyber criminals. According to an article published by Cyber Magazine, IoT devices suffer an average of 5,200 cyber attacks every month. While businesses are reaping huge benefits from the IoT ecosystem, the risk of cyber attacks has increased exponentially as well.
Major IoT Cyber Threats in 2021
There are a number of cyber risks plaguing the world of IoT devices. Some of the major IoT cyber threats in the current times include:
#1 Absence of Updates and Unencrypted Updates
Another primary cyber risk associated with IoT devices is the lack of regular updates and weak update mechanisms. These devices may be secure initially, however, they become vulnerable with the discovery of new security bugs or issues. If these bugs and issues are not fixed through regular updates, the devices become exposed to attacks.
Several old devices don’t even provide any security updates and most of the newer models do not ensure secure installation of security patches. The absence of proper encryption in a device’s security patch installation process significantly increases the risk of code modification by threat actors.
The infamous Satori malware serves as a perfect example of such attacks. This malware delivers a worm to a vulnerable device so that the infection spreads from device to device without any human interaction. It spreads by targeting known vulnerabilities in specific ranges of IoT devices.
In December 2018, Satori infected several D-Link home routers around the globe, making them a part of the potent IoT botnet used for attacking websites and mining cryptocurrency. The routers were infected by exploiting a 2-year-old remote code-execution vulnerability.
Continue reading: https://securityboulevard.com/2021/09/cyber-threats-haunting-iot-devices-in-2021/
