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Momenta's Take #25

New Legislation Addresses growing IoT Security threats

New Legislation Addresses Growing IoT Security Threats

Cybersecurity has come into the forefront with the recent SolarWinds hack in which U.S. government agencies and leading corporations were subject to a hyper-sophisticated cyberattack. The SolarWinds hack is being regarded as a massive act of espionage, stealing data and establishing unauthorized access of information technology.

Every IoT device represents an attack surface that can be an exploit point for hackers to access private data. A Comcast report found that the average households is hit with 104 threats every month. With 44 billion IoT endpoints today (expected to triple by 2025), hackers have a growing number of attack options to insert malware – and they can also employ distributed denial of service (DDoS) attacks to devastating impact. Ransomware attacks are growing rapidly, with a 3Q20 study from Check Point Research reporting a 50% increase in the daily average number of ransomware attacks compared with the first half of the year.

February 16, 2021 | 4 MIN READ
New Legislation Addresses growing IoT Security threats


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