IoT devices are the new favorite entry point for hackers trying to penetrate home, enterprise or industrial networks. For years, manufacturers of IoT devices have benefited from a classic case of a social cost inequity, as consumers, targeted companies and society at large have had to bear the major costs of preventing and responding to cyber breaches.
However, this almost free ride for manufacturers is likely coming to an end, with new regulations and ambitious hackers hijacking devices by the thousands at once putting the spotlight and pressure on manufacturers to start feeling the consequences of cyber attacks using their devices. We’ll take a look at how this trend compares to a more familiar example from the auto industry where manufacturers had to start taking more responsibility and take action to protect customers and society at large.
02:10PM - Day 2