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Related: IoT growing at a 24% clip To get there to fully tap the potential of a hyper-interconnected ecosystem where devices, data, AI and humans converge to benefit humankind cybersecurity must first catch up. The expansion of IoT into IoE has vastly expanded the range of potential targets for cyberattacks.
IoT devices (routers, cameras, NAS boxes, and smart home components) multiply every year. Statista portal predicts their number will exceed 29 billion by 2030. The first-ever large-scale malware attacks on IoT devices were recorded back in 2008, and their number has only been growing ever since.
According to Jay McBain, an analyst at Forrester Research, spending on IT and telecommunications will be worth about $7 trillion by 2030. Phishing , general malware , and Distributed Denial of Service ( DDoS ) attacks are more common. DDoS Protection. Also read: Top 8 DDoS Protection Service Providers. Network Security.
For instance, one recent attack observed in this area was a DDoS attack targeting Israel’s credit card payment system. The IoT to become a growing attack vector for APTs in 2025 The rapid proliferation of IoT devices, predicted to grow from 18 billion today to 32 billion by 2030, brings both innovation and increased security challenges.
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