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INTERNET OF THINGS
Security Risks for Businesses

The Internet of Things (IoT) refers to the ever-growing network of physical
objects that are connected to the Internet.

1999
The Internet
of Things term
is coined

Jun 2000

WORLD
POPULATION

LG announces
it’s first Internet
refrigerator plans

Sep 2006
WiFi enabled
toy rabbit called
“Nabaztag” is
manufactured

2008 - 09
More Things
connected
than people
IoT is “Born”

Ericsson
predicts more than
50B connected
devices by 2020

Jun 2011
IPv6 Launch:
Virtually unlimited IP
address for internet
connected devices
Oct 2011

Jan 2014
Google Acquires
Nest Labs for $3.2B
Aug 2014
HP Security
researchers find
about 25 security
vulnerabilities per
IoT device
Apr 2015

7.2

2015

CONNECTED
DEVICES

50

6.58

BILLION

(PER PERSON)

BILLION

BILLION

25

3.47

6.8

12.5
BILLION

1.84

6.3

500
MILLION

.08

BILLION

2003

CONNECTED
DEVICES

BILLION

TECHNOLOGY

DISRUPTION

IoT devices are built quickly to
get first to market, and are made
for convenience rather
than security.
42%

perceived downsides

38%

comes with many

32%
25%

25%

Job Losses
Due to
Outsourcing
or Automation

Greater Price
Transparency
Lower Profit
Margins

28%

Nest Labs
introduces
Nest Learning
Thermostat

Nov 2013
2014 will be the
“Year of the
Internet of Things”

BILLION

May 2010

Nov 2011
Bug allows HP
printers to be
remotely hacked
and set on fire

7.6

2020

2010

Nest Labs founded
by former Apple
engineers

Feb 2010

50B

number of connected
objects expected by 2020

Jan 2014
100,000 IoT
devices had
already been
hacked

Inability of Our
IT Systems to
Keep Up
With Change

Regulatory
Challenges

Competetion
From New Rivals

SECURITY & PRIVACY
is the biggest concern for serious vulnerabilities

May 2014
Google Glass
goes on sale
for $1,500

Threats to Data
or Physical
Security

Security Flaws of Top 10 IoT Devices
Insecure Software & Firmware
Insecure Web Interface
Lack of Transport Encryption
Insufficient Authentication

May 2015
IBM reveals plans
to invest $3B in
IoT division

Raised Privacy Concerns
Failed to Protect Against Hackers
Discovering User Identity
Failed to Require Passwords
Vulnerable to XSS & Weak Credentials

The Apple Watch
is released

TM

Use Unencrypted Network Services
Collect Information

Predictions for Cybersecurity as
Internet of Things Adoption Grows

More Hackers will
Target Cloud Data
collected by IoT devices

Employees will be
companies’ biggest
threat

HOW TO

PROTECT YOUR

BUSINESS

AGAINST HACKERS
IN AN

IoT WORLD

Cyber attacks will
increase via data accessed
from third-party vendors

The potential cost
of breaches will
increase significantly

• Have a written and enforced BYOD policy
• Require employees to use strong, unique
passwords for all password protected IoT devices
• Monitor employee connected device usage
• Use multi-factor authentication when possible
• Use privileged access control
• Consider due diligence for any third-party IoT provider
• Use an enterprise password manager

Sources
http://en.wikipedia.org/wiki/Internet_of_Things
http://en.wikipedia.org/wiki/Internet_refrigerator
http://en.wikipedia.org/wiki/Nabaztag
http://www.fiercewireless.com/story/ericsson-predicts-50b-connected-devices-2020/2010-02-15
https://nest.com/about/
https://www.cisco.com/web/about/ac79/docs/innov/IoT_IBSG_0411FINAL.pdf
http://www.scmagazine.com/bug-allows-hp-printers-to-be-remotely-hacked-set-on-fire/article/217784/
http://www.worldipv6launch.org/
http://venturebeat.com/2013/11/25/heres-why-2014-will-be-the-year-of-the-internet-of-things/
http://readwrite.com/2014/01/16/internet-of-things-security-hacking-malware
http://www.cnbc.com/id/101670472
http://www.computerworld.com/article/2476543/cybercrime-hacking/researchers-find-about-25-security-vulnerabilities-per-internet-of-things-device.html
http://informfact.com/2015/05/17/ibm-to-invest-3-billion-in-internet-of-things-unit.html
https://www.apple.com/watch/
https://www.cisco.com/web/about/ac79/docs/innov/IoT_IBSG_0411FINAL.pdf
http://www.businessinsider.com/ftc-top-recommendations-for-protecting-home-iot-2015-3

keepersecurity.com
© 2015

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