Survey: Most consumers view IoT as the “wave of the future” - albeit with security fears

US-based Metova has announced the results of its second annual survey explaining latest consumer trends and the sentiment of more than 1,000 consumers on IoT and connected home technologies – with many viewing it as the ‘wave of the future’ but having concerns over privacy and connected devices.

Among the surveyed consumers, less than 25% of respondents thought that they have a better understanding of the...

By IoT News, 13 June 2019, 0 comments. Categories: Data & Analytics, IoT, Security.

IoT attacks could put a £1bn hole in the UK economy

Research from Irdeto suggests IoT attacks may cost the UK economy over £1 billion per year due to lax security measures.

UK organisations in critical industries such as healthcare, transport, and manufacturing were polled by the Dutch security vendor. Irdeto found attacks on IoT equipment caused £244,000 in losses on average.

Steeve Huin, VP at Irdeto, said:

“Insecure IoT devices and companion apps are essentially low-hanging fruit for cybercriminals, who are increasingly...

By Ryan Daws, 24 May 2019, 0 comments. Categories: Enterprise, Healthcare, IIoT, IoT, Manufacturing, Security, Smart Cities, Smart Homes.

Enterprises need to assess their IoT footprint, argues Zscaler

San Jose-based IT security firm Zscaler’s latest study has found that more than a thousand organisations around the world have more than one IoT device transferring data from the network to the internet through the company’s proprietary cloud platform.

The study, titled “IoT in the Enterprise: An Analysis of Traffic and Threats” and which analysed 56 million IoT device transactions to explore the...

By IoT News, 24 May 2019, 0 comments. Categories: Data & Analytics, Enterprise, IIoT, Security.

How to secure our connected world: An open call to the industry

It’s 2019. The long-anticipated Internet of Things (IoT), despite gaining decent ground over the past few years, still doesn’t quite feel as mature as we were once promised. The technology is there, the appetite is there. What is holding it back?

Three things consistently arise when truly looking at scaling the IoT: 

  • Fear over poor security (exacerbated by destructive attacks and scare-mongering of recent years)
  • Closed ecosystems looking to become the next big thing at the centre of our universe 
  • Widespread access to suitable...

By Michael Moorfield, 17 May 2019, 0 comments. Categories: Development, IoT, Security, Standards.

UK gov announce laws to protect IoT devices from cyberattacks

The UK government has announced plans for new laws which aim to protect IoT devices from cyberattacks.

Digital Minister Margot James unveiled the measures today in a bid to slow the huge growth in attacks targeting connected devices.

In a press release, James wrote:

“Many consumer products that are connected to the internet are often found to be insecure, putting consumers privacy and security at risk. Our...

By Ryan Daws, 01 May 2019, 0 comments. Categories: Enterprise, IIoT, IoT, Security, Smart Cities, Smart Homes.

The IoT is being hindered by full-time cybersecurity talent shortage

A report from Experis claims that IoT development is being hindered by companies failing to hire full-time cybersecurity talent.

In the latest Industry Insiders report, Experis highlights the growth in cybersecurity vacancies posted in Q4 2018. 13,214 related jobs were advertised in the quarter – representing a 10 percent year-on-year increase, and 16.6 percent over the previous quarter.

Despite this increasing demand, the average salary has for...

By Ryan Daws, 25 April 2019, 0 comments. Categories: Development, Enterprise, IIoT, IoT, Security, Smart Cities, Smart Homes.

UK launches ‘centre of excellence’ for IoT cybersecurity

A dedicated ‘centre of excellence’ for developing and promoting IoT cybersecurity standards has been launched in the UK.

The so-called PETRAS (privacy, ethics, trust, reliability, acceptability, and security) National Centre of Excellence for IoT Systems Cybersecurity aims to establish the UK as a leader in the field.

Professor Jeremy Watson CBE FREng, PETRAS Director & Professor of Engineering Systems at UCL STEaPP, said:

“The centre’s ultimate aim is, by...

By Ryan Daws, 04 April 2019, 0 comments. Categories: AI, IIoT, IoT, Security, Smart Cities, Standards.

F-Secure: IoT attacks doubled in 2018, devices are ‘easy prey’

Cybersecurity experts F-Secure have released a report which claims history may remember 2018 as the ‘turning point’ in IoT threats.

In 2018, the firm witnessed double the number of IoT threats as the previous year. The rapid proliferation of connected devices is making the IoT an ever more appetising target for hackers.

Here's the rapid growth in attacks since 2002 detected by F-Secure’s network of ‘honeypot’ servers:

By Ryan Daws, 02 April 2019, 0 comments. Categories: Enterprise, Healthcare, IoT, Security, Smart Cities, Smart Homes.

Report: Blockchain IoT market set to exceed £2.31bn by 2024

A report from MarketsAndMarkets forecasts phenomenal growth in the blockchain IoT market to exceed well over two billion by 2024.

Blockchain and IoT are two of the hottest buzzwords around right now. As infamously proven by the Long Island Blockchain Company, if you use either term you'll have investors throwing money at your business.

This year, the report expects the market to reach...

By Ryan Daws, 01 April 2019, 0 comments. Categories: IoT, Security.

IoT and blockchain convergence: WISeKey launches digital identity offering

WISeKey International Holding has launched SensorsID, a digital identity offering which aims to protect device identities and their data.

Analyst firm Gartner has estimated that by 2020, more than 20 billion devices will be connected. Each device will need security with it – many of them sensors using secure IoT chips. By 2022, it is predicted, one trillion networked sensors will be embedded in the world – each one...

By IoT News, 01 April 2019, 1 comment. Categories: Data & Analytics, IoT, Security.

Pwn2Own: Hackers made off with a Tesla Model 3 and $35,000

Hackers managed to crack the security of a Tesla Model 3 and made off with a shiny new car and $35k for their efforts.

To be clear, it was all sanctioned by Tesla and not a theft. The automotive manufacturer willingly subjected their vehicle to hackers as part of the Pwn2Own competition.

Pwn2Own provides incentives to put the skills of hackers to good use in ensuring vulnerabilities are patched before they cause harm. Hacks of connected vehicles have the potential to cost lives.

The 2019 edition of...

By Ryan Daws, 25 March 2019, 0 comments. Categories: Connected Cars, IoT, Security, Smart Cities.

Study: A hack affecting 20 percent of driverless cars would halt Manhattan

Researchers have modelled a scenario where 20 percent of driverless cars in Manhattan are hacked, and it's not good news.

The study is titled ‘Cyber-physical risks of hacked Internet-connected vehicles’ and envisions a scenario where just a small number of vehicles in a city are compromised.

Many of us know what can happen to journey times when there are one or two traffic incidents along our route.

If just 20 percent of vehicles are stopped remotely, the researchers’ model predicts a...

By Ryan Daws, 14 March 2019, 0 comments. Categories: Connected Cars, IoT, Security, Smart Cities.

New report shows how IoT devices remain under ‘constant’ attack

US-based Cyxtera Technologies has released new research which has revealed that IoT devices are continuously being attacked, particularly those leveraging zero-day vulnerabilities for certain devices.

The report, titled ‘Detection of Threats to IoT Devices Using Scalable VPN-Forwarded Honeypots’, underscores some key findings from the study that was jointly conducted by researchers from the Singapore University of...

By IoT News, 06 March 2019, 0 comments. Categories: Data & Analytics, IoT, Security.

Nigel Stanley, TÜV Rheinland: Exploring differences in IT and OT to get cybersecurity right in industrial systems

Towards the end of 2017, researchers from cybersecurity firm Dragos detected a foiled malware attack which, even though it wasn’t successful, had serious repercussions for anyone working in industrial environments.

The malware, known predominantly as Triton but also going under the monikers of Trisis or HatMan, targeted petrochemical plants in the Middle East. What marked it out from other attacks was that it focused on...

By James Bourne, 19 February 2019, 0 comments. Categories: Enterprise, IIoT, Security, Standards.

Study reveals laxness among automakers in terms of cybersecurity

An independent study conducted by Ponemon Institute found that 30% of the automotive companies do not have their own cybersecurity programme or a team. It also found that these companies do not even hire external organisations to secure the software used in their products.

Moreover, the survey shows that around 63% of all automotive firms are heedless when it comes to testing vulnerabilities. Less than half of software, hardware, and other technologies they develop remain untested.  

By IoT News, 07 February 2019, 1 comment. Categories: Connected Cars, Security.

Extreme Networks launches Defender for IoT with aim to secure edge devices

Extreme Networks, a California-based network equipment supplier, has launched Defender for IoT, which aims to help organisations secure edge and IoT devices.

Defender for IoT, which is part of the company’s Smart OmniEdge solution, can be deployed on any network by anyone, which means no technical expertise is required at all. It is so easy that even a non-technical staff at schools, hospitals, retailers, and hospitality...

By IoT News, 05 February 2019, 0 comments. Categories: Data & Analytics, IoT, Security, Standards.

Report: Half of IoT device apps leave users vulnerable

A paper distributed on ArXiv last week analysed the concerning lack of security when it comes to IoT device apps.

The security issues plaguing IoT devices themselves are well-documented. Security often seems to be an afterthought in the rush to market.

While there’s been a recent explosion in connected devices, app development has been around much longer. The mature development industry has created best practices to help ensure security, but it seems the note hasn’t reached IoT device app...

By Ryan Daws, 04 February 2019, 0 comments. Categories: Development, IoT, Security, Smart Cities, Smart Homes.

Oracle launches Java Card 3.1 to boost security for IoT devices at the edge

Oracle has launched the latest version of Java Card, its open application platform that secures some of the world’s most sensitive devices.

The Java Card 3.1 is an extensive update that aims to offer more flexibility in order to meet the special hardware and security requirements of both existing secure chips and emerging IoT technologies. The Java Card 3.1 has features that addresses use cases across markets ranging from telecom and...

By IoT News, 18 January 2019, 0 comments. Categories: Development, Enterprise, IoT, Security.

IoT security market set to grow over 25 percent annually

A report predicts a growth rate of over 25 percent annually in the North American IoT security market.

The market was valued at $1.7 billion in 2018 and is expected to reach $5.2 billion by 2023 at a compound annual growth rate (CAGR) of 25.1 percent, according to the report ‘Internet of Things (IoT) Security: North American Markets to 2023’.

BCC Research notes this growth is being driven by demand for cloud-based enterprise applications, growth in digitalisation and IoT security spending, and the...

By Ryan Daws, 16 January 2019, 0 comments. Categories: IoT, Security.