New research shows that consumers are willing to pay for IoT services

I’ve never really liked horror movies. They tend to give me the creeps. But I can’t help feeling that some of the scenes from those movie scripts are threatening to jump out of the screen and impact our everyday lives.

It’s true that the Internet of Things (IoT) is making a huge impact on our lives, much of it positive. In fact, according to analyst firm Gartner, the worldwide installed base of connected devices is expected to grow 31% this year to reach 8.4 billion.

But our dependency on connectivity has not gone unnoticed by the hacking community. For them, the IoT explosion opens an Aladdin’s cave of new devices that they can bring under their spell and hire out as botnets — also ironically known as zombies — for DDoS attacks or even for cryptomining.

And that’s not all. There are plenty of other freaky things going on.

Kids’ connected toys are collecting their owners’ private data and eavesdropping on their owners. Consider also the possibility of a hacker remotely switching off your connected fridge or air conditioner at the height of summer.

Such is the level of concern that security researchers, civil rights activists, and law makers have issued a wake-up call demanding security solutions to ensure (Read more...)

*** This is a Security Bloggers Network syndicated blog from Allot Blog authored by Adrian Wohlfarth. Read the original post at: