IoT News Roundup

Juniper Research warns that IoT botnets present huge cybersecurity risk; NXT-ID chooses Nordic Semiconductor's wireless BLE and NFC module for smart cards, wearables; TrackNet secures series A investment to develop, deploy IoT solutions; Eir Business releases IoT store built on Asavie platform; Digi International intros embedded modem; Kony helps KMC Controls launch mobile app with IoT technology; Silicon Labs acquires Wi-Fi company Zentri; Frost & Sullivan announces Technology Innovation Award for Antenna Company.
By Rich Handley
Jan 27, 2017

Juniper Research Warns that IoT Botnets Present Huge Cybersecurity Risk
New data from Juniper Research indicates that the consumer Internet of Things installed base will reach more than 15 billion units by 2021—an increase of 120 percent over last year's numbers. As evidenced at this month's CES technology conference, embedded connectivity is increasingly being used as a product differentiator. Juniper cautions that unless action is taken, the vast scale of this connectivity will lead to an unmanageable cybersecurity risk created by botnets in excess of 1 million units.

Juniper's research, titled "Internet of Things for Security Providers: Opportunities, Strategies, & Market Leaders 2016-2021," finds that recent IoT botnets—uncovered as a key factor in the largest distributed denial-of-service (DDoS) attack ever recorded last year—are just the beginning of cybersecurity problems. The use of botnets to disrupt Internet services forms part of the near-term threat landscape, the report notes, adding that botnets will be used for more malicious purposes in the future, impacting consumer, industrial and public services markets.

"Attacks such as those on Dyn last October can be viewed as proof-of-concepts," noted research author Steffen Sorrell in a prepared statement. "In the medium-term, botnets will be used far more creatively—not only to disrupt services, but also to create a distraction enabling multi-pronged attacks aimed at data theft or physical asset disruption."

The research calls on IoT device manufacturers to "take responsibility" by implementing security-by-design, adding that corporate-scale vendors such as Amazon, Google and Samsung should lead efforts to galvanize other vendors to apply security best-practices. Additionally, the report finds that the market is open for challenger cybersecurity vendors. It highlights providers such as Crossword and Positive Technologies that are using machine learning to disruptively protect against DDoS and malicious network activity. And it predicts that the industry will be forced to move beyond traditional signature-based detection methods in the near-term, in order to address IoT cybersecurity effectively.

A white paper titled "IoT—Internet of Transformation" is available to download at Juniper's website. The document contains further details regarding the research.

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