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Why IOT industry is being targeted by Hackers?

Why IOT industry is being targeted by Hackers?

Category : Blog

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:

 

What type of attacks IOT based industry have seen in past?

 

 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.”

News from where this incident have been taken.

 

 

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.

Among this botnet’s most common victims are Android set-top boxes manufactured by HiSilicon, Cubetek, and QezyMedia, cyber-security firm WootCloud said today. Check Out Here

 

VIDEO ON BOTNET RECENTLY SHOWCASE IN 2019:

 

 

 

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

 

  1. Learn how to maintain the security of IoT devices.Consumers need to protect their IoT devices the same way they would their smartphones, tablets and home computers. Look for ways to set strong passwords, reading the manuals for instructions on how to lock down these devices.

 

  1. Clean out old apps.Many of us tend to keep apps indefinitely, even if we don’t use them. Check your devices periodically and delete apps you no longer use.

 

  1. Own your online presence.Understand what information your devices collect and how they it is managed and stored.

 

  1. Do your research.Before you purchase an IoT device, do a search to see if it has had security problems with it and if it can be easily hacked.

 

  1. Change the default setting on the home router.This is worth reiterating: Strong passwords on home routers can prevent the type of DDoS that happened last Friday to Dyn.

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