Vulnerabilities / Threats

7/18/2017
10:00 AM
Dawn Kawamoto
Dawn Kawamoto
Slideshows
100%
0%

IoT Security Incidents Rampant and Costly

New research offers details about the hidden - and not so hidden - costs of defending the Internet of Things.
Previous
1 of 9
Next

Image Source: Shutterstock

Image Source: Shutterstock

Internet of Things breaches and security incidents have hit nearly half of the companies that use such devices, and the cost to deal with these attacks is usually more than traditional breaches, according to recent survey results.

In two separate reports, each of the studies found that 46% of respondents report they suffered a security breach or incident as a result of an attack on IoT devices.

One survey, released this month by IDC, queried approximately 100 IT security, IT operations, and other C-level suite executives, while another, released in June by consulting firm Altman Vilandrie & Co., gathered data from approximately 400 IT executives in 19 countries.

Not only are the costs associated with securing IoT devices expected to rise in the coming years but they are also expected to account for as much as of a third of the IT spending budget, according to Altman Vilandrie. The vast majority of IDC survey respondents say the cost to address IoT security incidents and breaches tends to run more than the cost of fixing traditional breaches and incidents.

Here is a breakdown of the combined results. 

 

Dawn Kawamoto is an Associate Editor for Dark Reading, where she covers cybersecurity news and trends. She is an award-winning journalist who has written and edited technology, management, leadership, career, finance, and innovation stories for such publications as CNET's ... View Full Bio

Previous
1 of 9
Next
Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
LindsayW718
50%
50%
LindsayW718,
User Rank: Apprentice
7/26/2017 | 5:25:42 AM
Great emphasis
IoT is really just THE internet - information has become more powerful than intangible knowledge, but is proactively leading change. As work will inevitably transcend office-commute-home cycles, security by design cannot be limited to the company, but the person too. Organisations like CybSafe have integrated this thinking into their training.
White House Cybersecurity Strategy at a Crossroads
Kelly Jackson Higgins, Executive Editor at Dark Reading,  7/17/2018
Mueller Probe Yields Hacking Indictments for 12 Russian Military Officers
Kelly Jackson Higgins, Executive Editor at Dark Reading,  7/13/2018
10 Ways to Protect Protocols That Aren't DNS
Curtis Franklin Jr., Senior Editor at Dark Reading,  7/16/2018
Register for Dark Reading Newsletters
White Papers
Video
Cartoon Contest
Write a Caption, Win a Starbucks Card! Click Here
Latest Comment: This comment is waiting for review by our moderators.
Current Issue
Flash Poll
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2018-12959
PUBLISHED: 2018-07-19
The approveAndCall function of a smart contract implementation for Aditus (ADI), an Ethereum ERC20 token, allows attackers to steal assets (e.g., transfer all contract balances into their account).
CVE-2018-14336
PUBLISHED: 2018-07-19
TP-Link WR840N devices allow remote attackers to cause a denial of service (connectivity loss) via a series of packets with random MAC addresses.
CVE-2018-10620
PUBLISHED: 2018-07-19
AVEVA InduSoft Web Studio v8.1 and v8.1SP1, and InTouch Machine Edition v2017 8.1 and v2017 8.1 SP1 a remote user could send a carefully crafted packet to exploit a stack-based buffer overflow vulnerability during tag, alarm, or event related actions such as read and write, with potential for code t...
CVE-2018-14423
PUBLISHED: 2018-07-19
Division-by-zero vulnerabilities in the functions pi_next_pcrl, pi_next_cprl, and pi_next_rpcl in lib/openjp3d/pi.c in OpenJPEG through 2.3.0 allow remote attackers to cause a denial of service (application crash).
CVE-2018-3857
PUBLISHED: 2018-07-19
An exploitable heap overflow exists in the TIFF parsing functionality of Canvas Draw version 4.0.0. A specially crafted TIFF image processed via the application can lead to an out-of-bounds write, overwriting arbitrary data. An attacker can deliver a TIFF image to trigger this vulnerability and gain...