Defending against IoT ransomware attacks in a zero-trust world

by | Apr 2, 2024 | Technology

Join us in Atlanta on April 10th and explore the landscape of security workforce. We will explore the vision, benefits, and use cases of AI for security teams. Request an invite here.

IoT sensors and the smart devices they’re connected to are among the fastest-growing attack vectors in 2024, with opportunistic attackers offering a growing number of tools and services on the dark web to compromise them. 

Adversaries are becoming more opportunistic. They are looking to cash in on the fast-growing market for IoT devices and technologies. IoT Analytics predicts that global appending on IoT technologies will grow from $280 billion in 2024 to $721 billion by 2030. 

“In 2024, the potential of IoT innovation is nothing short of transformative. But along with opportunity comes risk. Each individual connected device presents a potential access point for a malicious actor,” writes Ellen Boehm, senior vice president of IoT Strategy and Operations for Keyfactor. In their first-ever global IoT security report, Digital Trust in a Connected World: Navigating the State of IoT Security, Keyfactor found that 93% of organizations face challenges securing their IoT and connected products. 

IoT sensors are a cyberattack magnet 

There was a 400% increase in IoT and OT malware attacks last year. The manufacturing industry was the top targeted sector, accounting for 54.5% of all attacks and averaging 6,000 weekly attacks across all monitored devices. Mirai and Gafgyt botnets dominate all activity, accounting for 66% of attack payloads. Mirai and Gafgyt infect then use IoT devices to launch distributed denial-of-service (DDoS) attacks, causing billions in financial losses.

VB Event
The AI Impact Tour – Atlanta

Continuing our tour, we’re headed to Atlanta for the AI Impact Tour stop on April 10th. This exclusive, invite-only event, in partnership with Microsoft, will feature discussions on how generative AI is transforming the security workforce. Space is limited, so request an invite today.

Request an invite

Attacks on IoT and ICS networks are becoming so pervasive that it’s common for the Cybersecurity and Infrastructure Security Agency (CISA) to issue cybersecurity advisories. The most recent in …

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Join us in Atlanta on April 10th and explore the landscape of security workforce. We will explore the vision, benefits, and use cases of AI for security teams. Request an invite here.

IoT sensors and the smart devices they’re connected to are among the fastest-growing attack vectors in 2024, with opportunistic attackers offering a growing number of tools and services on the dark web to compromise them. 

Adversaries are becoming more opportunistic. They are looking to cash in on the fast-growing market for IoT devices and technologies. IoT Analytics predicts that global appending on IoT technologies will grow from $280 billion in 2024 to $721 billion by 2030. 

“In 2024, the potential of IoT innovation is nothing short of transformative. But along with opportunity comes risk. Each individual connected device presents a potential access point for a malicious actor,” writes Ellen Boehm, senior vice president of IoT Strategy and Operations for Keyfactor. In their first-ever global IoT security report, Digital Trust in a Connected World: Navigating the State of IoT Security, Keyfactor found that 93% of organizations face challenges securing their IoT and connected products. 

IoT sensors are a cyberattack magnet 

There was a 400% increase in IoT and OT malware attacks last year. The manufacturing industry was the top targeted sector, accounting for 54.5% of all attacks and averaging 6,000 weekly attacks across all monitored devices. Mirai and Gafgyt botnets dominate all activity, accounting for 66% of attack payloads. Mirai and Gafgyt infect then use IoT devices to launch distributed denial-of-service (DDoS) attacks, causing billions in financial losses.

VB Event
The AI Impact Tour – Atlanta

Continuing our tour, we’re headed to Atlanta for the AI Impact Tour stop on April 10th. This exclusive, invite-only event, in partnership with Microsoft, will feature discussions on how generative AI is transforming the security workforce. Space is limited, so request an invite today.

Request an invite

Attacks on IoT and ICS networks are becoming so pervasive that it’s common for the Cybersecurity and Infrastructure Security Agency (CISA) to issue cybersecurity advisories. The most recent in …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]

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