News BriefsTechnology

Rapid Rise in Monetization of IoT Attacks

A new Trend Micro report details how cybercriminals are increasingly looking to make money by compromising Internet-of-things devices. Underground websites frequented by Russian, Portuguese, English, Arabic, and Spanish-speaking hackers are seeing a surge in discussions on how IoT attacks can be monetized, with much of the talk focusing on Routers and IP cameras. Consumer devices were more popular targets than those mainly used in corporations.

Financially motivated IoT campaigns seemed an especially hot topic on Russian and Portuguese forums, which were also found to be the most criminally sophisticated. The main focus of threat actors on these forums was how to sell access to IoT devices that have already been compromised. Since IoT devices are often poorly secured, compromising hundreds or even thousands of vulnerable devices is not particularly challenging for a skilled hacker.

Read more: Rapid Rise in Monetization of IoT Attacks

Bob Gourley

Bob Gourley