In the ever-connected digital world, the Internet of Things (IoT) has emerged as a game changer, transforming industries and enhancing our lives. However, with great power comes great responsibility, and the rise of IoT has unfortunately brought along a surge in cyberattacks. Diving into the depths of IoT cyberattacks, and exploring their operation and sectors most impacted, we will cover how you can protect yourself from such threats.
IoT cyberattacks operate by exploiting vulnerabilities in interconnected devices and their networks with the sole aim to compromise their integrity. These attacks can take various forms including:
- Distributed denial of service (DDoS) attacks
- Malware infections
- Data breaches
- Unauthorised access to critical systems
The consequences of successful IoT cyberattacks can be far-reaching, leading to financial losses, privacy breaches, reputational damage and even in some sectors endangering human safety.
Within the first two months of 2023, industries have seen a 41% increase in the average number of weekly attacks per organisation compared to 2022. Furthermore, on average 54% of companies suffer from attempted cyberattacks weekly! IoT devices in European organisations are the most targeted. It is apparent that cybercriminals are aware of the fact that IoT devices are notoriously one of the most vulnerable parts of the network. So why are so many devices not properly managed or secured?
A sector that is seemingly a hot target for cyberattacks is the education system. With over twice the global average and a staggering 34% increase from the previous year, education is experiencing 131 weekly attacks per organisation! Educational institutions increasingly rely on IoT devices to enhance learning experiences and to improve administrative processes, however, this has become fertile ground for cybercriminals looking to exploit.
To help prevent IoT cyberattacks and safeguard against potential threats, industries globally must adopt a proactive approach to cybersecurity measures. Here are a few essential steps you can take:
Implement Strong Authentication and Access Controls
Enforcing strict access and multifactor authentication helps ensures that only authorized individuals can interact with IoT devices and systems, thus empowering your protection.
Regularly Update and Patch IoT Devices
Timely firmware updates and security patches are vital to address vulnerabilities in IoT devices. Establishing a robust patch management system can help you prioritize device maintenance and keep your systems protected.
Invest in IoT Security Solutions
There are numerous companies that specialise in IoT cybersecurity solutions. Xage, Armis and Palo Alto are all leading cybersecurity firms that provide comprehensive IoT security solutions. Engaging the expertise of these companies can significantly enhance your ability to defend against IoT cyber threats.
The battle against IoT cyberattacks requires collective effort and continuous vigilance. Industries must prioritize cybersecurity education and awareness among their employees. Will you be joining this fight?
