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F-Secure has conducted nearly 20,000 consumer interviews in the United States and Europe over the last 5 years.* The research finds:
There’s a considerable threat to consumers due to inadequate regulations regarding security and privacy on the IoT.
“Early adopters’ worries about protecting their personal data are valid, considering the current issues challenging devices that stay online all the time yet aren’t normally secured in the way the most PCs and many smartphones are,” says Gaffney.
In March of this year, Interpol, the International Criminal Police Organization, warned, “All devices which can connect to the Internet – collectively called the ‘Internet of Things’ or IoT – are potentially at risk of a cyberattack.”*** In early August, the FBI warned that cyber actors illegally use IoT devices for malicious activities that could spike consumers’ internet service bills and threaten the reliability of their internet connection.****
F-Secure’s international network of decoy “honeypot” servers used to track the latest cyber threats network continues to find that variations of Mirai are the most prevalent malware in circulation.***** Mirai targets IoT devices, including cameras and routers, and was used in 2016 to carry out one of the largest denial of service attacks against internet services in history.
“The good news is that there is a simple solution to securing connected home devices and it comes from a source consumers already invite into their living rooms,” says Gaffney. “As the average household moves toward the use of dozens of connected devices at one time, the demands on service providers will only increase. F-Secure is delivering a comprehensive router-based solution that protects the entire home so that our partners are ready for what we know is coming next.”
*Source: F-Secure surveyed 19,200 consumers in January and February of 2014, 2015 and 2018. **Source: https://fsecureconsumer.files.wordpress.com/2018/01/f-secure_pinning-down-the-iot_final.pdf ***Source: https://www.interpol.int/News-and-media/News/2018/N2018-007 ****Source: https://www.ic3.gov/media/2018/180802.aspx *****Source: https://blog.f-secure.com/world-cup-malware/
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