Analysing the five major aspects of poor Internet of Things security

The security market for the Internet of Things (IoT) will reach $37 billion by 2021, according to the analysts at MarketsandMarkets.com. Because there is growing demand for cyber security, there is a lot of money spent to ensure it.

At the start of 2017, experts predicted that gaping holes in IoT would lead to the destruction of critical infrastructure, the growth of competitive intelligence, and the theft of intellectual property. It was also predicted that an increase in DDoS attacks would paralyze the Dyn...

By Suren Arustamyan, 20 September 2017, 0 comments. Categories: IoT, Security.

FDA recalls almost half a million pacemakers over hacking concerns

The FDA has put out a recall for almost half a million pacemakers over fears they are vulnerable to being hacked.

In an episode of TV show Homeland, terrorists plotted to hack the vice president’s pacemaker. At the time some may have found the idea ludicrous, but now it’s a very real possibility faced by nearly half a million people.

The pacemakers affected are manufactured by health company Abbott (formerly St. Jude...

By Ryan Daws, 31 August 2017, 0 comments. Categories: Healthcare, IoT, Security, Wearables.

ZingBox to partner with VMware to enhance enterprise IoT security

ZingBox, a provider of Internet of Things (IoT) security solutions, has announced that it will collaborate with VMware to deliver enhanced security to enterprise IoT implementations.

The two companies will work together to strengthen IoT security by integrating ZingBox's IoT personality-based approach with VMware Pulse IoT Center, an IoT infrastructure management solution. By 2020, over 25% of identified attacks in enterprises will involve IoT, according to Gartner.

The VMware Pulse IoT Center will...

By IoT News, 30 August 2017, 0 comments. Categories: IoT, Security.

ZingBox raises $22 million in series B round led by Dell Technologies and Triventures

IoT security solution provider ZingBox has announced it has raised $22 million (£17.2m) in a series B funding round led by Dell Technologies Capital and Triventures.

The company says it will use the money to ‘meet strong demand’ for IoT Guardian, its product first launched in February which, as this publication reported at the time, was claimed as the industry’s first to...

By James Bourne, 24 August 2017, 0 comments. Categories: Enterprise, IoT, Security.

Tesla remotely hacked for the second year by the same researchers

Chinese security researchers have once again demonstrated the potential dangers of connected vehicles by remotely hacking a Tesla for the second consecutive year.

Malicious code was run on the Tesla-branded vehicle using the in-car web browser. Once exploited, the researchers were able to put on the brakes remotely, open the doors and trunk, and even blink the lights in time to music from the car’s stereo.

The researchers, from Keen Security Lab in Shanghai, were able to control the vehicle over both...

By Ryan Daws, 28 July 2017, 0 comments. Categories: Connected Vehicles, Security.

New study affirms importance of connected devices having built-in security

Nine out of 10 consumers polled by Irdeto say security should be built into a connected device, while more than three quarters (78%) say they are aware that any smart device has the potential to be hacked.

The study polled more than 7,800 consumers from six different countries; Brazil, China, Germany, India, the UK, and US. The findings also revealed that the older generation (82% of respondents) was more aware about security concerns arising from smart devices connected over Wi-Fi as compared to millennials...

By IoT News, 27 July 2017, 0 comments. Categories: IoT, Security.

Canonical argues IoT monetisation bigger challenge than security for professionals

You can try and clue up on the Internet of Things (IoT), read all the articles and go to all the meetings. But the question remains: can we make money on this?

According to a new study from Canonical, the company behind Linux operating system Ubuntu, more than half (53%) of industry professionals say quantifying return on investment (ROI) was their biggest immediate challenge. This was followed by device security and privacy, cited by 45% of those polled, and lack of IoT infrastructure, cited by 40%.

More...

By James Bourne, 24 July 2017, 0 comments. Categories: IoT, Security.

FBI posts a warning to parents about IoT gadgets

The FBI has posted a ‘consumer notice’ to consumers with children about the dangers of IoT gadgets.

Anyone who follows the computing industry will be aware of the dangers of insecure IoT devices. Some of the potential threats are external of the home, such as devices being hijacked to carry out attacks. Others can be internal and pose a danger to your family’s privacy, such as a hacked webcam.

The FBI makes the following recommendations:

  • Research for any known reported security issues online to include, but not limited to:

  • Only connect and use toys in environments with trusted and secured Wi-Fi Internet access

  • Research the toy’s Internet and device...

By Ryan Daws, 19 July 2017, 0 comments. Categories: IoT, Security, Smart Homes.

Darktrace raises $75 million in Series D financing round

Darktrace has announced it has raises $75 million (£58.2m) in a series D financing round, adding that its total contract value has hit $200m.

The machine learning cyber security provider had its funding round conducted by Insight Venture Partners, with the company’s existing investors, Summit Partners, KKR and TenEleven Ventures, also part of the seed funding.

Known as the frontrunner in disruptive AI technology for cyber-security, Darktrace can easily confront the most sophisticated...

By IoT News, 12 July 2017, 0 comments. Categories: IoT, Security.

WISeKey reports continued growth with $20m revenue for first half of 2017

WISeKey International, the Switzerland-based cybersecurity and IoT firm, has announced ‘significantly increased’ revenue up to $20 million (£15.4m), unaudited, for the first half of this year as the company’s progress continues to improve.

The company’s previous revenues stood at $1.3m reported for the first half of 2016, and $11.6m consolidated revenues for the full year.

In order to evolve as a major player in IoT, cybersecurity, AI and blockchain, WISeKey has aggregated over...

By IoT News, 04 July 2017, 0 comments. Categories: IoT, Security.

Building the right defences before the IoT botnets catch you

PayPal, Spotify, Twitter, Airbnb, the Sony PlayStation Network – what is the connection? These were some of the sites and services that were disrupted as a result of the DDoS attack on Dyn, the cloud DNS provider, last October.

The attack is believed to have been caused by the Mirai botnet, which takes advantage of unprotected IoT devices such as CCTV cameras, routers, DVRs and even baby monitors. It can rapidly overwhelm DNS servers with requests, cutting off users from connecting to services they want...

By David Williamson, 04 July 2017, 0 comments. Categories: IoT, Security.

Kaspersky: IoT malware attacks have more than doubled over the past year

Security experts at Kaspersky report the number of IoT malware attacks have more than doubled over the past year.

Kaspersky monitor attacks with a ‘honeypot’ of insecure devices which imitate IoT devices. In 2016, the company detected 3,219 samples of different malware. As of May this year, Kaspersky’s honeypot caught 7,242 samples.

The rapidly increasing number of IoT devices around the globe has always been expected to be a prime target for cybercriminals. As we saw in the record-breaking...

By Ryan Daws, 20 June 2017, 0 comments. Categories: IoT, Security.

BT, Intercede and Imagination offer ‘trust continuum’ for IoT security

Imagination, a global technology company, and Intercede, a digital identity and credentials expert, have partnered to demonstrate a “trust continuum” focusing on enhanced Internet of Things (IoT) security at BT’s bi-annual Innovation 2017 event.

The parties demonstrated how an end-to-end chain of trust is established via the home gateway by architecting systems-on-chips (SoCs) for home gateway routers to enable them to become secure, intelligent hubs for all IoT devices and services within...

By IoT News, 16 June 2017, 0 comments. Categories: IoT, Security.

Half of US firms on IoT network say they have experienced a security breach

Nearly half of US firms using an Internet of Things (IoT) network have been hit by a recent security breach, according to a study from strategy consulting provider Altman Vilandrie & Company.

The research, conducted in April 2017, evaluated about 400 IT executives across 19 industries that have purchased some form of IoT security solution and found that 48% of the firms have experienced at least one security breach.

The cost of the breaches amounted to 13.4% of the total revenues for companies having...

By IoT News, 08 June 2017, 0 comments. Categories: Enterprise, IoT, Security.

Mocana raises $11 million with aim to ‘revolutionise’ IoT security

Mocana announced it has raised $11 million from Sway Ventures, Shasta Ventures, Trident Capital Fund and GE Ventures making the total amount it rose to $93.6 million adding the capital. It aims to further accelerate the development of its IoT Security Platform to protect the industrial IoT market, which will be valued at $933.62 billion by 2025, as per Grand View Research.

The IoT Security Platform employs military-grade cryptographic software installed on a chip or flash memory embedded within a device. It...

By IoT News, 22 May 2017, 0 comments. Categories: Enterprise, IoT, Security.

IoTium aims to solve the problem of brownfield development for the IIoT

Meet IoTium. The Industrial Internet of Things (IIoT) company, based in San Francisco, has announced the launch of its network as a service (NaaS) product to help organisations better connect their brownfield developments, as well as $8.4 million (£6.5m) in series A funding.

Here’s how the product works: IoTium’s NaaS is a cloud-deployed zero touch managed service which aims to securely collect data from legacy mission-critical brownfield machines and sends it to greenfield applications...

By James Bourne, 11 May 2017, 0 comments. Categories: Data & Analytics, Enterprise, IoT, Security.

Cloudflare goes into Orbit with ‘private network for IoT devices’ launch

Internet security services provider Cloudflare has announced the launch of Orbit, a product which aims to solve the problems of Internet of Things (IoT) security by filtering traffic through the San Francisco-based vendor first.

The company argues a new model for security is needed with ever-increasing numbers of connected devices. “PC security does not work for IoT,” the company notes in a blog post. “Consumers do not share that similar understanding that...

By James Bourne, 02 May 2017, 0 comments. Categories: IoT, Security, Standards.

Siemens’ Mentor becomes Microsoft Azure certified for the Internet of Things

Siemens-owned Mentor, which aims to provide the embedded systems industry’s broadest portfolio of solutions for the industrial market, has joined Microsoft Azure Certified for Internet of Things (IoT) to help customers get IoT solutions functioning quickly with hardware and software that has been pre-tested and verified to work with Microsoft Azure IoT services.

Microsoft Azure Certified for IoT allows businesses to reach customers where they are, working with an ecosystem of devices and platforms,...

By IoT News, 27 April 2017, 0 comments. Categories: Enterprise, IoT, Security.

WISeKey discloses new public key infrastructure framework ‘tailored for the IoT’

Security and authentication provider WISeKey has launched WISeKeyIoT, a global scalable framework which offers digital public key infrastructure (PKI) certificates for connected devices.

The certificates are protected in certified tamper resistant silicon chips, as well as an outsourced or on-premises certificate management system, with device life cycle control functions and security enforcement entities. The digital PKI certificates can be signed by the publicly trusted root, owned by OISTE and operated by...

By IoT News, 26 April 2017, 0 comments. Categories: IoT, Security.