175,000 IoT Cameras can be Remotely Hacked Thanks to Flaw, says Security Researcher
Over 100,000 internet-connected security cameras contain a "massive" security vulnerability that allows them to be accessed via the open web and used for surveillance, roped into a malicious botnet, or even exploited to hijack other devices on the same network.
Representing yet more Internet of Things devices that are exposed to cyber attackers, vulnerabilities have been uncovered in two cameras in Chinese manufacturer Shenzhen Neo Electronics' NeoCoolCam range. Researchers at Bitdefender say the loopholes mean it's trivial for outsiders to remotely attack the devices and that 175,000 of the devices are connected to the internet and vulnerable. Between 100,000 and 140,000 are detectable via the Shodan IoT device search engine alone. (Read More)
From Hacked Casino Fish Tanks to Malicious Links, Cybersecurity Threats are Everywhere and Startups are Raking in the Dough
Cybersecurity isn't exactly new, but it's becoming one of the hottest areas on the startup scene.With global malware attacks like WannaCry garnering widespread attention and press coverage, and companies and consumers growing increasingly worried about how security threats are rapidly evolving and diversifying, investors and entrepreneurs alike are seeing big opportunities.
"Security is a space where you see a lot of startups," said Sarah Guo, an investor at Greylock Partners. "Everything is increasingly internet connected and if it's internet connected, it's vulnerable.
There's a lot of new opportunities, and I personally believe the market will grow for a long time." (Read More)
How Blockchain Could Revolutionize IoT Security
Any doubt that Internet of Things (IoT) devices have the ability to wreak digital havoc was removed during the last quarter of 2016 when IoT-device powered Mirai botnets handily disrupted internet service.
To find out why IoT devices are coming under attack, researchers at the University of Portsmouth analysed 55 systems for managing the IoT and found a majority had neither support for security or privacy, nor did they implement robust controls. Why is this the case?
In this University of Portsmouth press release, Paul Fremantle, a member of the University's School of Computing, says, "There aren't really strong incentives for manufacturers to update their systems to keep you safe…." Fremantle adds another likely reason is that IoT devices do not have enough processing capability and/or memory to implement strong security solutions. (Read More)