How Risky Is the Internet of Things?
It's increasingly clear that the internet of things (IoT) presents new and sometimes remarkable opportunities. However, it also represents risks and potential security problems for organizations. "The Internet of Things (IoT): A New Era of Third-Party Risk," a new report from the Ponemon Institute that's sponsored by Shared Assessments, offers insights into the emerging space—particularly third-party factors. The survey of 533 business and IT executives involved with IoT and risk management processes found that while most organizations are aware that they are vulnerable to IoT attacks and breaches—in fact, most believe they will at some point fall victim to an IoT cyber-attack—few are adequately prepared. According to the research, companies rely on technologies and governance practices "that have not evolved to address emergent IoT threat vectors." These risks include the ability of criminals to harness IoT devices (such as botnets), to attack infrastructure and launch points for malware propagation, distributed denial of service (DDoS) attacks and anonymizing malicious activities. Here's a look at some of the key findings.