Defending against IoT ransomware attacks in a zero-trust world

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IoT sensors and the smart devices they’re connected to are among the fastest-growing attack vectors in 2024, with opportunistic attackers offering a growing number of tools and services on the dark web to compromise them. 

Adversaries are becoming more opportunistic. They are looking to cash in on the fast-growing market for IoT devices and technologies. IoT Analytics predicts that global appending on IoT technologies will grow from $280 billion in 2024 to $721 billion by 2030. 

“In 2024, the potential of IoT innovation is nothing short of transformative. But along with opportunity comes risk. Each individual connected device presents a potential access point for a malicious actor,” writes Ellen Boehm, senior vice president of IoT Strategy and Operations for Keyfactor. In their first-ever global IoT security report, Digital Trust in a Connected World: Navigating the State of IoT Security, Keyfactor found that 93% of organizations face challenges securing their IoT and connected products. 

IoT sensors are a cyberattack magnet 

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