nProtect, Inc., a global leader in Internet security announces growing cyber security challenges with Internet of Things.
Internet of Things (IoT) is becoming a fast rising trend in the IT industry. IoT is the concept of physical objects being able to communicate with each other and computers via internet connection. In the past, refrigerators and TV’s were single inanimate objects with a specific function. Today, IoT has evolved with technology and physical objects can function and communicate through the internet connection to conduct various tasks and provide information.
According to Gartner, IoT will increase over 26 billion units installed by 2020.
As the industry of IoT grows, security issues will become a major concern. Until now, hackers attacked PCs and Smartphones to steal information or spread malware to other devices. However, as more Smart devices such as home appliances, automobiles and even clothing become commonplace, hackers are targeting these vulnerable devices. For example, in January 2014, it was reported that hackers sent more than 750,000 spam and phishing e-mails using “Thingbots” via televisions and refrigerators.
According to the nProtect Research Lab, the best way to prevent such IoT attacks is to prepare security solutions by manufacturers and network management providers at the product development stage. This is true especially for automobiles which require the highest level of safety. Imagine hackers controlling your car using malware. Therefore, security issues are not only for PCs and Smartphones anymore but, also needs to be applied to Smart physical objects and devices with internet connection.
About nProtect, Inc.
Founded in January 2000, nProtect, also known as INCA Internet, is headquartered in San Jose, California and provides online and mobile banking/payment security to financial institutions. Over 100 million endpoint users from more than 1,000 organizations rely on nProtect’s online security solutions to secure users against malware, phishing, keyloggers, and other web fraud and online threats while meeting compliance requirements such as FFIEC including Bank of America, Deutsche Bank, ING, and HSBC.