It is estimated that there will be over 41 billion connected devices by 2027. Hackers are capitalizing on this growth by targeting various organizations and industries with simple cyber-attacks that initiate from Internet of Things (IoT) devices with weak security, leaving some businesses paralyzed and defeated.
What’s worse is that these cybercriminals are even taking advantage of the increase in remote workers and their connected devices due to the coronavirus, by increasing their attacks on those devices. Since 63% of enterprises, 92% of industrial organizations, and 82% of healthcare organizations use IoT, almost every company is at risk. Although IoT devices have proven productivity benefits for businesses, connecting devices to your network extends the attack surface and provides more entry points for hackers.
IoT is steadily growing as new devices are created and deployed in a variety of environments. This widespread deployment makes IoT security a pressing issue for organizations because the devices that they deploy are likely to have a number of security issues, including:
All of these potential risks make deploying IoT security a vital part of an organization’s cybersecurity strategy.
IoT devices are a significant threat to enterprise cybersecurity due to the popularity of these devices being deployed on business networks. Unfortunately, these devices often contain vulnerabilities that expose them to exploitation. Cybercriminals have taken advantage of these vulnerabilities, and carry out common attacks on these IoT devices which include:
Companies are deploying increasing numbers of IoT devices, and these devices pose a significant threat to both them and other organizations. IoT devices with privileged roles – such as operating machinery in a factory or monitoring an important location – can be compromised and used to steal sensitive data or impair an organization’s operations. Additionally, botnets – composed of IoT devices – are becoming more common and cause significant harm via DDoS and other attacks.
IoT devices can be vulnerable at multiple levels, and an organization needs to have a clear understanding of the risk in order to mitigate that risk. If you have IoT devices deployed on your network, take advantage of Check Point’s free IoT Firmware Risk Assessment and IoT Security Check Up offerings to achieve comprehensive visibility into the cybersecurity risks of your IoT infrastructure. You’re also welcome to request a free demo to see how Check Point can help to secure IoT firmware and mitigate these IoT security risks.