Dark Reading is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT

Most Security Pros Expect to Suffer Cyberattacks via Unsecured IoT

A new report shows the majority of security professionals believe within the next two years they will be victims of DDoS and other attacks due to unsecured IoT devices.

IT security professionals expect their companies' wireless printers to wireless thermostats and other IoT devices in the next two years to rebel against them in a big way as cyber attackers take advantage of vulnerabilities in the software and devices, according to a report released today by the Ponemon Institute.

The Internet of Things (IoT): A New Era of Third Party Risk report, which surveyed 553 risk management professionals, found that 94% of these security pros believe that in the next two years unsecured IoT devices and IoT applications will likely lead to a catastrophic event; data loss or theft (78%); DDoS attack (76%); and a cyberattack (76%).

As a result, companies need to track third-party IoT devices and IoT software connecting to their network and provide a way to centrally monitor their activities, according to Larry Ponemon, chairman and founder of the Ponemon Institute and the report's author, and Charlie Miller, senior vice president of Shared Assessments, which sponsored the report.

But less than half of the survey respondents say they monitor the risk of IoT devices used in the workplace. 

Source: Ponemon Institute

Ponemon Institute

[Charts Source: Ponemon Institute and The Santa Fe Group, Shared Assessments Program] 

As for holding IoT third-party vendors accountable, Miller suggests it should be addressed in the vendor contract. But he admits that isn't easy: "Many rely on a contractual relationship for security. It is easy to say, but can be difficult to manage."

Ponemon suggests CISOs take several steps toward managing the security risks around IoT third-party devices and software.

"Currently, there are no standards, or processes, or checklists to reduce the risk of IoT," Ponemon says. "One of the first steps is around governance and figuring out who should own the responsibility of unsecured IoT devices and working with the third parties who bring in IoT."

The second step is to take inventory of all IoT tools and relationships that have business risks - like wireless printers or wireless security cameras - and establish IoT categories such as security that would include security cameras, rather than every camera.

And lastly, CISOs should consider creating specific policies and procedures for each category of IoT, Ponemon says. An IoT refrigerator poses a different security risk than an IoT printer, for example.

Ponemon Institute

[Charts Source: Ponemon Institute and The Santa Fe Group, Shared Assessments Program] 

The report also shows that a vast majority of companies use traditional network firewalls and anti-malware software to guard their network from unsecured IoT devices and IoT applications:

Ponemon Institute

[Charts Source: Ponemon Institute and The Santa Fe Group, Shared Assessments Program] 

Ponemon says while protecting the enterprise running IoT devices and applications, organizations also must avoid making security so difficult that it stops innovation or interferes with operations. 

Related Content:

Dawn Kawamoto is an Associate Editor for Dark Reading, where she covers cybersecurity news and trends. She is an award-winning journalist who has written and edited technology, management, leadership, career, finance, and innovation stories for such publications as CNET's ... View Full Bio
 

Recommended Reading:

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
COVID-19: Latest Security News & Commentary
Dark Reading Staff 10/30/2020
'Act of War' Clause Could Nix Cyber Insurance Payouts
Robert Lemos, Contributing Writer,  10/29/2020
6 Ways Passwords Fail Basic Security Tests
Curtis Franklin Jr., Senior Editor at Dark Reading,  10/28/2020
Register for Dark Reading Newsletters
White Papers
Video
Cartoon
Current Issue
How to Measure and Reduce Cybersecurity Risk in Your Organization
In this Tech Digest, we examine the difficult practice of measuring cyber-risk that has long been an elusive target for enterprises. Download it today!
Flash Poll
How IT Security Organizations are Attacking the Cybersecurity Problem
How IT Security Organizations are Attacking the Cybersecurity Problem
The COVID-19 pandemic turned the world -- and enterprise computing -- on end. Here's a look at how cybersecurity teams are retrenching their defense strategies, rebuilding their teams, and selecting new technologies to stop the oncoming rise of online attacks.
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2020-5991
PUBLISHED: 2020-10-30
NVIDIA CUDA Toolkit, all versions prior to 11.1.1, contains a vulnerability in the NVJPEG library in which an out-of-bounds read or write operation may lead to code execution, denial of service, or information disclosure.
CVE-2020-15273
PUBLISHED: 2020-10-30
baserCMS before version 4.4.1 is vulnerable to Cross-Site Scripting. The issue affects the following components: Edit feed settings, Edit widget area, Sub site new registration, New category registration. Arbitrary JavaScript may be executed by entering specific characters in the account that can ac...
CVE-2020-15276
PUBLISHED: 2020-10-30
baserCMS before version 4.4.1 is vulnerable to Cross-Site Scripting. Arbitrary JavaScript may be executed by entering a crafted nickname in blog comments. The issue affects the blog comment component. It is fixed in version 4.4.1.
CVE-2020-15277
PUBLISHED: 2020-10-30
baserCMS before version 4.4.1 is affected by Remote Code Execution (RCE). Code may be executed by logging in as a system administrator and uploading an executable script file such as a PHP file. The Edit template component is vulnerable. The issue is fixed in version 4.4.1.
CVE-2020-7373
PUBLISHED: 2020-10-30
vBulletin 5.5.4 through 5.6.2 allows remote command execution via crafted subWidgets data in an ajax/render/widget_tabbedcontainer_tab_panel request. NOTE: this issue exists because of an incomplete fix for CVE-2019-16759. ALSO NOTE: CVE-2020-7373 is a duplicate of CVE-2020-17496. CVE-2020-17496 is ...