Authored by a Symantec employee
To help us at Norton understand how everyday users are personally impacted by cybercrime, Norton by Symantec recently commissioned Edelman Intelligence to survey 20,907 consumers in 21 markets. You can download your own copy of The Norton Cyber Security Insights Report here.
Norton takes a deeper look at IoT
Although IoT is a fairly new technology, it’s a technology that’s increasing in popularity at an alarming rate. So the study took a very close look at the mindset of consumers adopting IoT, and resulted in some very surprising findings.
What’s IoT, again?
The Internet of Things (IoT) refers to electronic devices that are able to connect to the Internet and share data with other Internet-enabled devices. Also known as connected devices, IoT includes much more than laptops, smartphones, and computers. The term ‘thing’ in the Internet of Things could be anything from a person’s blood pressure monitor, a Bluetooth-connected door lock, or even a garage door opener that has its own IP address and the ability to communicate over a network.
Seven in ten consumers wish they could make their home Wi-Fi network more secure, while one in five connected home device users don’t currently have any protective measures in place for their devices. Shockingly, one in four people think that home Wi-Fi systems do not need to be protected if no smart home devices are connected to it.
Hacking the home?
A significant percentage (44%) of consumers don’t believe there are enough connected device users for them to be a worthwhile target for hackers. However, the threat landscape is evolving. Just as hackers learned to benefit from targeting social media and financial accounts, they have already learned how to access connected home devices and can now exploit them.In October 2016, shortly after this survey was conducted, the world was introduced to the very first “Internet of Things” malware, which is a strain of malware that can infect connected devices such as DVRs, security cameras and more. The Mirai malware accessed the devices using default password and usernames. The malware then turns the affected devices into a botnet in order to facilitate a Distributed Denial of Service (DDoS) attack. This attack ended up flooding one of the largest website hosting companies in the world, bringing a slew of major, well-known websites and services to a screeching halt for hours.
More than six out of ten consumers believe connected home devices have been designed with online security in mind. Unfortunately, that’s not the case: Symantec researchers identified security vulnerabilities in 50 different connected home devices ranging from smart thermostats to smart hubs, making those devices easy targets for attacks.
It appears that not everyone is knowledgeable about connected home risks, as the Mirai botnet attacks showed us that DVRs are vulnerable and that they are indeed IoT devices. What’s more, fewer than 4 in 10 connected home device users believe they’re likely to have their identity stolen after a breach.
One of the boldest statements in this survey was the fact that 70% of the people surveyed want more security for their devices in their homes. As a result, we’re proud to announce the newest member of the Norton family: Norton Core.
Over the past year at Norton, we've been keeping a close eye on the Internet of things threat landscape. We are seeing that IoT devices are now being attacked on an average of every two minutes. As a result, we're proud to announce the brand new Norton Core router. Available for pre-order now, Norton Core is your “Digital Deadbolt” to your connected home. Norton Core is the first and only high performance, secure router with Norton protection bundled into it.
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