SonicWall Cyber Threat Report – IOT Attack Volume Rising

SonicWall Cyber Threat Report – IOT Attack Volume Rising

According to one industry study, the global IoT
security market is expected to reach or exceed
$35.2 billion (USD) by 2023, a spike of 33.7%
based on compound annual growth rate
(CAGR).

As witnessed in global news headlines,
concerns over IoT device security — and
respective IoT security regulations — are
driving the high market forecasts.
Given the tenuous landscape regarding data
privacy, and the fact that everything from
nanny cams to doorbells are connected,

IoTfocused attacks will only increase in 2020 and
beyond.

In 2019, SonicWall Capture Labs threat
researchers discovered a moderate 5%
increase in IoT malware, with total volume
reaching 34.3 million attacks.

But with a deluge of new IoT devices
connecting each day, increases in IoT malware
attacks should not only be expected, but
planned for.

Common IoT security weakness include weak
or hard-coded passwords, insecure networks
and interfaces, and lack of secure update
mechanisms.

See how the experts at CisCom can help you with this and more!

Blog content for the SonicWall Cyber Threat Report series provided by our partners at SonicWall.