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How Cybercriminals Attack the Internet of Things

The proliferation of the Internet of Things (IoT) devices is transforming entire industries requiring all of us to rely on the products they market.  According to a Gartner analysis, an estimated 20.4 billion IoT devices will be connected by the year 2020. This staggering number is making it far easier than ever for cybercriminals to execute an attack.
Cybercrime as a Business
Today, Cybercrime is a business and is ruthlessly dangerous attacking a wide spectrum of devices from medical, to household thermostats, smart appliances, and every type imaginable connected to the Internet. The illicit business operates around the clock but typically attacks victims during unsuspecting hours. They measure their cost/benefit to mainly generate revenue by selectively attacking them during off-hours. Their tools of choice are custom built and unleashed against a specific class of IoT devices. Malware is commonly acquired online then modified to exploit their victims.

There are many examples such as…

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