CyberNews Briefs

IoT cyberattacks are the new normal, the security mindset isn’t

New research by Irdeto sheds light on the growing threat to the machines and gadgets that make up the Internet of things (IoT). It shows that in the past 12 months, around eight out of ten firms suffered a cyberattack targeting IoT devices, costing the firms an average of $330,000 per incident. In 90% of cases, the attacks caused serious damage in the form of downtime, data theft, or threats to user security.

The survey also found that a mere 7% of organizations believe they have sufficient resources to effectively deal with all cybersecurity issues they face. Just under half of firms are lacking expertise (46%) and/or quality tools and a proper strategy (43%). Another striking finding is that the vast majority (82%) of IoT device manufactures believe their products lack sufficient protections against cyberattacks.

Read more: IoT cyberattacks are the new normal, the security mindset isn’t

OODA Analyst

OODA Analyst

OODA is comprised of a unique team of international experts capable of providing advanced intelligence and analysis, strategy and planning support, risk and threat management, training, decision support, crisis response, and security services to global corporations and governments.