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.

Vulnerabilities / Threats

7/18/2017
10:00 AM
Dawn Kawamoto
Dawn Kawamoto
Slideshows

IoT Security Incidents Rampant and Costly

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

IoT Security & Company Size

More than half of the companies with annual revenue of less than $499 million faced up to $250,000 in financial losses as a result of an IoT breach, according to the Altman Vilandrie report. The financial hit was especially hard on companies with annual revenue of less than $5 million, which represents approximately 13.4% of their annual revenue, the report says.

Meanwhile, nine companies that generate $5 billion in annual revenue or more rang up losses of at least $20 million, the survey notes.

'The sample size on the $5 billion-plus companies is only 5% of respondents,' says Ryan Dean, a principal with Altman Vilandrie, and one of the authors of the report. 'In general, the financial impact on the largest businesses will probably vary greatly depending on the type and impact of the breach.'

Image Source: Are Your Company's IoT Devices Secure? Internet of Things Breaches are Common, Costly for US Firms, Altman Vilandrie & Co.

IoT Security & Company Size

More than half of the companies with annual revenue of less than $499 million faced up to $250,000 in financial losses as a result of an IoT breach, according to the Altman Vilandrie report. The financial hit was especially hard on companies with annual revenue of less than $5 million, which represents approximately 13.4% of their annual revenue, the report says.

Meanwhile, nine companies that generate $5 billion in annual revenue or more rang up losses of at least $20 million, the survey notes.

"The sample size on the $5 billion-plus companies is only 5% of respondents," says Ryan Dean, a principal with Altman Vilandrie, and one of the authors of the report. "In general, the financial impact on the largest businesses will probably vary greatly depending on the type and impact of the breach."

Image Source: Are Your Company's IoT Devices Secure? Internet of Things Breaches are Common, Costly for US Firms, Altman Vilandrie & Co.

2 of 9
Comment  | 
Print  | 
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.
Microsoft Patches Wormable RCE Vulns in Remote Desktop Services
Kelly Sheridan, Staff Editor, Dark Reading,  8/13/2019
The Mainframe Is Seeing a Resurgence. Is Security Keeping Pace?
Ray Overby, Co-Founder & President at Key Resources, Inc.,  8/15/2019
GitHub Named in Capital One Breach Lawsuit
Dark Reading Staff 8/14/2019
Register for Dark Reading Newsletters
White Papers
Video
Cartoon Contest
Write a Caption, Win a Starbucks Card! Click Here
Latest Comment: This comment is waiting for review by our moderators.
Current Issue
7 Threats & Disruptive Forces Changing the Face of Cybersecurity
This Dark Reading Tech Digest gives an in-depth look at the biggest emerging threats and disruptive forces that are changing the face of cybersecurity today.
Flash Poll
The State of IT Operations and Cybersecurity Operations
The State of IT Operations and Cybersecurity Operations
Your enterprise's cyber risk may depend upon the relationship between the IT team and the security team. Heres some insight on what's working and what isn't in the data center.
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2019-15150
PUBLISHED: 2019-08-19
In the OAuth2 Client extension before 0.4 for MediaWiki, a CSRF vulnerability exists due to the OAuth2 state parameter not being checked in the callback function.
CVE-2017-18550
PUBLISHED: 2019-08-19
An issue was discovered in drivers/scsi/aacraid/commctrl.c in the Linux kernel before 4.13. There is potential exposure of kernel stack memory because aac_get_hba_info does not initialize the hbainfo structure.
CVE-2017-18551
PUBLISHED: 2019-08-19
An issue was discovered in drivers/i2c/i2c-core-smbus.c in the Linux kernel before 4.14.15. There is an out of bounds write in the function i2c_smbus_xfer_emulated.
CVE-2017-18552
PUBLISHED: 2019-08-19
An issue was discovered in net/rds/af_rds.c in the Linux kernel before 4.11. There is an out of bounds write and read in the function rds_recv_track_latency.
CVE-2018-20976
PUBLISHED: 2019-08-19
An issue was discovered in fs/xfs/xfs_super.c in the Linux kernel before 4.18. A use after free exists, related to xfs_fs_fill_super failure.