- Jul 22, 2014
- 2,525
As more businesses bring IoT devices onboard they are coming face to face with the security downsides of the IoT boom, researchers say.
According to a report by Trustwave released last week, 61 percent of companies surveyed who have deployed some level of connected technology have also had to deal with a security incident that they can trace back to an IoT device. On the flip side, only 49 percent of those same businesses surveyed said they have formal patching policies and procedures in place that would help prevent attacks.
Researchers have warned since 2008, when the high-profile Hydra malware first targeted routers, that IoT poses a growing security risk. And for the most part, over those past 10 years since, warnings have gone largely unheeded.
Despite calls for greater IoT security, 24 percent of respondents said they have dealt with malware infiltration through an IoT device. They added that attempted IoT attacks are up 9 percent, according to the study titled “IoT Cybersecurity Readiness Report”.
“Most organizations are 10 to 20 years behind in their security practices when it comes to IoT, and they’re repeating the same security mistakes as they have in the past, including storing their credentials in plain text,” Michael Chamberland, practice lead for Trustwave SpiderLabs, told Threatpost.
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According to a report by Trustwave released last week, 61 percent of companies surveyed who have deployed some level of connected technology have also had to deal with a security incident that they can trace back to an IoT device. On the flip side, only 49 percent of those same businesses surveyed said they have formal patching policies and procedures in place that would help prevent attacks.
Researchers have warned since 2008, when the high-profile Hydra malware first targeted routers, that IoT poses a growing security risk. And for the most part, over those past 10 years since, warnings have gone largely unheeded.
Despite calls for greater IoT security, 24 percent of respondents said they have dealt with malware infiltration through an IoT device. They added that attempted IoT attacks are up 9 percent, according to the study titled “IoT Cybersecurity Readiness Report”.
“Most organizations are 10 to 20 years behind in their security practices when it comes to IoT, and they’re repeating the same security mistakes as they have in the past, including storing their credentials in plain text,” Michael Chamberland, practice lead for Trustwave SpiderLabs, told Threatpost.
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