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A group that calls itself “Cozy Bear” gained access to government and private companies, including top security product firms, using a compromised update to SolarWinds' Orion software. This attack was so large it was deemed a “Grave Risk to Cyber Security.”
Analyzing the attack, there are three important highlights worth diving into a little deeper:
It is important to understand that the Internet of Things (IoT) is based on the concept of providing remote user access anywhere around the world to acquire data, operate computers, and other devices. The widespread IoT network includes computing devices along with unrelated machines that are solely responsible to transfer data excluding human-to-computer or human-to-human involvement.
The outbreak of technology and vitality smart devices in diverse sectors such as energy, finance, government, etc, makes it imperative to focus on their security standards. As per security firm, Kaspersky, close to one-third (28%) of companies managing IoT systems were threatened with attacks impacting their internet-connected devices during the year 2019. Furthermore, almost 61% of organizations are actively making use of IoT platforms; thereby, enhancing the overall scope for IoT security in the coming years.