Nokia Report Warns of Rising Cyberattacks on IoT-Devices

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Nokia Report Warns of Rising Cyberattacks on IoT-Devices

Nokia just released it’s new Threat Intelligence Report. Due to it, cyberattacks on IoT-devices continue to rise at an alarming rate due to poor security protections and cybercriminals use of automated tools to exploit these vulnerabilities, according to the latest Nokia. The report’s findings are based on data aggregated from monitoring network traffic on more than 150 million devices globally where Nokia’s NetGuard Endpoint Security product is deployed.

Due to the report, Internet-connected devices now make up roughly 33% of infected devices. The number has gone up from about 16% in 2019. Adoption of IoT devices, from smart home security monitoring systems to drones and medical devices, is expected to continue growing. The rate of success in infecting IoT devices depends on the visibility of the devices to the internet, according to the report. A high infection rate is seen in networks where devices are routinely assigned public facing internet IP addresses. When carrier-grade Network Address Translation is used, the infection rate is considerably reduced since the vulnerable devices are not visible to network scanning.
The report also reveals there is no let up in cybercriminals using the COVID-19 pandemic to try to steal personal data through a variety of types of malware. One of these is even disguised as a “Coronavirus Map” application – mimicking the legitimate and authoritative Coronavirus Map issued by Johns Hopkins University – to take advantage of the public’s demand for accurate information about COVID-19 infections, deaths and transmissions. This bogus application is used to plant malware on victims’ computers to exploit personal data.

Cybercriminals are playing on people’s fears and are seeing this situation as an opportunity to promote their agendas,

quotes the report.
Bhaskar Gorti, Nokia Software President and Chief Digital Officer, said:

The sweeping changes that are taking place in the 5G ecosystem, with even more 5G networks being deployed around the world as we move to 2021, open ample opportunities for malicious actors to take advantage of vulnerabilities in IoT devices. This report reinforces not only the critical need for consumers and enterprises to step up their own cyber protection practices, but for IoT device producers to do the same.

The full report is available as a free download here.

Author: Rainer Claaßen
Image Credit: Nokia

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