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Security and IoT: Most IoT Devices are Unsecured and Open to Hacking and Malware
80 percent of all Internet of Things (IoT) devices have security flaws and are vulnerable to an attack, according to a Ponemon study made earlier this year.
That lack of security in many IoT devices is causing a major concern among organizations that are using or plan to use IoT in the near future. So much so, that a follow up survey by Ponemon of businesses found that 76 percent expected that they would experience a serious attack within the next two years, and 94 percent said that an attack could be catastrophic for their business.
Larry Ponemon, chairman of the Ponemon Institute, said that “more and more enterprises are turning to IoT to improve business outcomes and this growth is creating a breeding ground for cyber attacks. What’s shocking about these findings is the complete disconnect between understanding the severity of what a third party security breach could mean for businesses, and the lack of preparedness and communication between departments… Potential risks include the ability of criminals to harness IoT devices, such as botnets, to attack infrastructure and launch points for malware propagation, SPAM, DDoS attacks, and anonymizing malicious activities.”
Charlie Miller, senior vice president with the Shared Assessments Program, said that “given the proliferation of connected devices, today’s cyber climate is evolving and organizations have to shift their focus to the security of external parties, now more than ever.”













