Vulnerabilities / Threats

7/18/2017
10:00 AM
Dawn Kawamoto
Dawn Kawamoto
Slideshows
100%
0%

IoT Security Incidents Rampant and Costly

New research offers details about the hidden - and not so hidden - costs of defending the Internet of Things.
Previous
1 of 9
Next

Image Source: Shutterstock

Image Source: Shutterstock

Internet of Things breaches and security incidents have hit nearly half of the companies that use such devices, and the cost to deal with these attacks is usually more than traditional breaches, according to recent survey results.

In two separate reports, each of the studies found that 46% of respondents report they suffered a security breach or incident as a result of an attack on IoT devices.

One survey, released this month by IDC, queried approximately 100 IT security, IT operations, and other C-level suite executives, while another, released in June by consulting firm Altman Vilandrie & Co., gathered data from approximately 400 IT executives in 19 countries.

Not only are the costs associated with securing IoT devices expected to rise in the coming years but they are also expected to account for as much as of a third of the IT spending budget, according to Altman Vilandrie. The vast majority of IDC survey respondents say the cost to address IoT security incidents and breaches tends to run more than the cost of fixing traditional breaches and incidents.

Here is a breakdown of the combined results. 

 

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

Previous
1 of 9
Next
Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
LindsayW718
50%
50%
LindsayW718,
User Rank: Apprentice
7/26/2017 | 5:25:42 AM
Great emphasis
IoT is really just THE internet - information has become more powerful than intangible knowledge, but is proactively leading change. As work will inevitably transcend office-commute-home cycles, security by design cannot be limited to the company, but the person too. Organisations like CybSafe have integrated this thinking into their training.
WebAuthn, FIDO2 Infuse Browsers, Platforms with Strong Authentication
John Fontana, Standards & Identity Analyst, Yubico,  9/19/2018
Turn the NIST Cybersecurity Framework into Reality: 5 Steps
Mukul Kumar & Anupam Sahai, CISO & VP of Cyber Practice and VP Product Management, Cavirin Systems,  9/20/2018
NSS Labs Files Antitrust Suit Against Symantec, CrowdStrike, ESET, AMTSO
Kelly Jackson Higgins, Executive Editor at Dark Reading,  9/19/2018
Register for Dark Reading Newsletters
White Papers
Video
Cartoon Contest
Current Issue
Flash Poll
The Risk Management Struggle
The Risk Management Struggle
The majority of organizations are struggling to implement a risk-based approach to security even though risk reduction has become the primary metric for measuring the effectiveness of enterprise security strategies. Read the report and get more details today!
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2018-11763
PUBLISHED: 2018-09-25
In Apache HTTP Server 2.4.17 to 2.4.34, by sending continuous, large SETTINGS frames a client can occupy a connection, server thread and CPU time without any connection timeout coming to effect. This affects only HTTP/2 connections. A possible mitigation is to not enable the h2 protocol.
CVE-2018-14634
PUBLISHED: 2018-09-25
An integer overflow flaw was found in the Linux kernel's create_elf_tables() function. An unprivileged local user with access to SUID (or otherwise privileged) binary could use this flaw to escalate their privileges on the system. Kernel versions 2.6.x, 3.10.x and 4.14.x are believed to be vulnerabl...
CVE-2018-1664
PUBLISHED: 2018-09-25
IBM DataPower Gateway 7.1.0.0 - 7.1.0.23, 7.2.0.0 - 7.2.0.21, 7.5.0.0 - 7.5.0.16, 7.5.1.0 - 7.5.1.15, 7.5.2.0 - 7.5.2.15, and 7.6.0.0 - 7.6.0.8 as well as IBM DataPower Gateway CD 7.7.0.0 - 7.7.1.2 echoing of AMP management interface authorization headers exposes login credentials in browser cache. ...
CVE-2018-1669
PUBLISHED: 2018-09-25
IBM DataPower Gateway 7.1.0.0 - 7.1.0.23, 7.2.0.0 - 7.2.0.21, 7.5.0.0 - 7.5.0.16, 7.5.1.0 - 7.5.1.15, 7.5.2.0 - 7.5.2.15, and 7.6.0.0 - 7.6.0.8 as well as IBM DataPower Gateway CD 7.7.0.0 - 7.7.1.2 are vulnerable to a XML External Entity Injection (XXE) attack when processing XML data. A remote atta...
CVE-2018-1539
PUBLISHED: 2018-09-25
IBM Rational Engineering Lifecycle Manager 5.0 through 5.02 and 6.0 through 6.0.6 could allow remote attackers to bypass authentication via a direct request or forced browsing to a page other than URL intended. IBM X-Force ID: 142561.