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The Top 5 Misconceptions Of IoT Network And Device Security

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The Internet of Things (IoT) describes an interconnected system of standalone devices, which communicate and transfer data within the existing internet infrastructure, providing greater insight and control over elements in our increasingly connected lives. With an estimated 30 billion[1] connected devices to be deployed across the globe by 2020, the promise of a global Internet of Things is fast approaching, posing a whole new level of threats to connected organizations.

The Rise of IoT Devices Used in Organizations

With time, IoT devices will become more intuitive and efficient than we ever thought possible and by 2020 it is predicted that there will be 7.3 billion devices installed in organizations[2]. This also means more opportunities for hackers to find new ways of using IoT devices for malicious purposes against corporate networks.

Cyber attacks are not new to IoT devices, but as they become more deeply interwoven into our lives and societies, it is becoming increasingly necessary to step up and take cyber defense seriously.

The Rise of IoT Device-Based Attacks

To a potential attacker, a device presents an interesting target for several reasons. First, many of the devices will have an inherent value by the simple nature of their function. A connected security camera, for example, could provide valuable information about the security posture of a given location when compromised. Hackers are already using IoT devices for their malicious purposes in multiple types of attacks on networks and servers. DSL, DDoS and bot attacks in 2016 have proven that there is no shortage of opportunities that hackers are willing to exploit.

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