Cars and medical devices are critical, and vulnerable, entry points for criminal hackers betting the Internet of Things is their next big payday.
with The Financial Times, Mario Greco, the group CEO of giant insurer Zurich Insurance Group, said cyberattacks could pose a larger threat to insurers than pandemics and climate change, if hackers aim to disrupt lives, rather than merely spying or stealing data.
What many experts are anticipating is the day enterprising criminals or hackers affiliated with a nation-state figure out an easy-to-replicate scheme using IoT devices at scale. A group of criminals, perhaps connected to a foreign government, could figure out how to take control of many things at once – like cars, or medical devices. "We have already seen large-scale attacks using IoT, in the form of IoT botnets.
There are a handful of companies, new regulatory approaches, a growing focus on cars as a particularly important area, and a new movement within the software engineering world to do a better job of incorporating cybersecurity from the beginning.The cybersecurity industry is upping its game. Companies including ForeScout and Phosphorus focus on Internet of Things security, which has a heavy emphasis on constant inventory of "endpoints" – where new devices connect to a network.
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