Tag Archive for: IoT

Kaspersky Reveals Alarming IoT Threats and Dark Web DDoS Boom

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The cybersecurity researchers at Kaspersky have unveiled alarming statistics about the expanding cybercrime economy on the dark web.

Key Findings:

  1. DDoS Demand Soars: Kaspersky’s analysts discovered over 700 dark web ads for DDoS attack services in H1 2023, highlighting the escalating demand among hackers.
  2. Cost of DDoS Services: Rates for DDoS attack services on the dark web ranged from $20 per day to $10,000 per month, with an average cost of $63.50 per day or $1,350 per month.
  3. IoT Malware Evolution: Fierce competition among cybercriminals has driven the development of IoT malware, with features designed to thwart rival malware, including firewall rules and process terminations.
  4. Brute-Force Attacks Prevalent: Brute-forcing weak passwords remains the primary method for compromising IoT devices, with 97.91% of attacks focusing on Telnet, compared to 2.09% on SSH.
  5. Global Attack Landscape: While China, India, and the United States were the primary targets of IoT attacks, China, Pakistan, and Russia emerged as the most active attackers, highlighting the global reach of cyber threats.

The Internet of Things (IoT) landscape is under siege, with a growing underground economy centered around IoT-related services, particularly for Distributed Denial of Service (DDoS) attacks, according to a recent report by cybersecurity firm Kaspersky.

The study delves into the evolving threats targeting the IoT sector, shedding light on the modus operandi of cybercriminals and the alarming prevalence of malware types.

IoT devices are poised to surpass a staggering 29 billion by 2030, making them an attractive target for cybercriminals. Kaspersky’s research presents crucial insights into dark web activities, prevalent malware strains, and the tactics employed by hackers.

While DDoS protection and mitigation services are utilizing all available resources to secure their clients’ infrastructure; DDoS attacks orchestrated through IoT botnets are experiencing a surge in demand within the cybercriminal community. Kaspersky’s Digital Footprint Intelligence service analysts unearthed over 700 ads for DDoS attack services on various dark web forums in the first half of…

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2023 Internet of Things (IoT) Security Market Is Booming Globally Forecast 2030 | Report Pages 102

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Internet of Things (IoT) Security Market Insights 2023: Top Key Players Analysis, Segmentation, Future Trends with Growth

Recently Updated comprehensive102-Page Reporton the Internet of Things (IoT) Security Market, this analysis deep dives into market size, share, and industry trends. According to our latest research, the global Internet of Things (IoT) Security market looks promising in the next 5 years. As of 2022, the global Anhydrous Ammonia market was estimated at USD million, and its anticipated to reach USD million in 2030, with a CAGR of percentage during the forecast years.The report segments the Market by Applications, Types, and Regional Outlook for the Forecast Period of 2023-2030.

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Key Segmentation:

Applications:Building and Home Automation, Supply Chain Management, Patient Information Management, Energy and Utilities Management, Customer Information Security, Others
Types:Network Security, Endpoint Security, Application Security, Cloud Security, Others
Regional Analysis:North America, Europe, Asia-Pacific, South America, Middle East, and Africa

Worldwide Dominance: Who is the Global Leader in the Internet of Things (IoT) Security Market?”

Network Security
Endpoint Security
Application Security
Cloud Security
Others

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Internet of Things (IoT) Security Market Short Description:

The global Internet of Things (IoT) Security market size was valued at USD 2624.78 million in 2021 and is expected to expand at a CAGR of 26.39% during the forecast period, reaching USD 10700.25 million by 2027.

IoT is a network of internet-connected objects, which collect and exchange…

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Peloton Bugs Expose Enterprise Networks to IoT Attacks

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People could potentially lose more than just pounds by using a Peloton treadmill, as the Internet-connected fitness equipment also can leak sensitive data or pose as an initial-access pathway through an attack that compromises any of three key attack vectors, a researcher has found.

Researchers from Check Point Software took a deep dive into the popular Peloton Tread equipment and found that attackers can enter the system — which is essentially an Internet of Things (IoT) device — via the OS, applications, or by exploiting APIs to load various malware.

Hacking a Peloton Tread through any of these points could lead to the exposure not only of a user’s personal data, but attackers could also leverage the machine’s connectivity to move laterally to a corporate network to mount a ransomware or other type of high-level attacks, the researchers revealed in a blog post published this week.

“As fitness enthusiasts embrace the convenience and connectivity of these advanced workout machines, it becomes imperative to explore their potential vulnerabilities,” according to the post, attributed to Check Point’s Augusto Morales, technology lead for threat solutions; Shlomi Feldman, product management, Quantum IoT Protect & SD-WAN; and Mitch Muro, product marketing manager, Quantum IoT Protect & Quantum Spark.

The Peloton fitness brand is perhaps best known for its stationary bicycle and related application, which saw an explosive surge in popularity during the COVID-19 pandemic. The company also offers Peloton Tread, a companion treadmill device that operates on the Android OS, which was the focus of the researchers’ investigation.

Researchers had also identified a previous flaw in the Peloton system which could have allowed attackers to remotely spy on victims through an open unauthenticated API. Indeed, its mere existence as an IoT device exposes the home fitness gear to the same vulnerabilities that any Internet-exposed device faces, and the potential risks to users that go along with them.

Check Point alerted Peloton of the flaws the researchers discovered. The company assessed them and ultimately determined that physical access to the device was required for exploitation, Peloton said in a…

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Blockchain Iot Market Size, 2023 is Booming Worldwide Business Forecast by 2030

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PRESS RELEASE

Published July 6, 2023

Report Ocean recently released a comprehensive report on the global Blockchain Iot market, offering valuable insights into various factors impacting the market’s growth. The report covers crucial information on market restraints, drivers, and opportunities, enabling readers to understand the market dynamics. It also provides a detailed analysis of industry developments and trends that are shaping the global Blockchain Iot market. Furthermore, the report includes a thorough assessment of the market at both global and regional levels, providing comprehensive insights for businesses and stakeholders.

The global blockchain IoT market size was US$ 3.5 billion in 2021. The global blockchain IoT market is forecast to grow to US$ 271 billion by 2030, registering a compound annual growth rate (CAGR) of 45.2% during the forecast period from 2022 to 2030.

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Factors Influencing the Market

  • The increasing penetration of IoT technology is forecast to benefit the global blockchain IoT market. Growing initiatives to establish smart cities, smart transportation infrastructure, and vehicular connection forecast to play a beneficial role.
  • The increasing privacy concerns related to IoT devices, such as botnet attacks, Distributed Denial of Service (DDoS) assaults, and insecure ecosystem interfaces, are forecast to benefit the global blockchain IoT market during the forecast period. Blockchain offers an effective solution for IoT security. It enhances data security and protects data from unauthorized access. All of these factors will contribute to market growth.
  • The increasing focus of companies towards adopting effective solutions is forecast to benefit the global blockchain IoT market. Due to the COVID-19 pandemic, companies are increasingly inclining towards online operations. As a result, the demand for data security is forecast to increase from the government, BFSI, and private companies. However, a lack of knowledge about the technology may hamper the growth of the global blockchain IoT market.

Regional Analysis

The Asia-Pacific…

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