What makes IoT ransomware a different and more dangerous threat?
Ransomware has already managed to carve itself a niche as one of the main cybersecurity threats of 2016. As individuals, organizations and government agencies, we’re taking precautionary steps to protect ourselves against malware that can encrypt files beyond our reach.
What we’re ignoring though, is the next wave of ransomware attacks, which will not target our files, but rather our IoT devices, which can be more dangerous and damaging, given the different nature of IoT security. [...]
“While traditional ransomware affects your computer and locks your files, IoT ransomware has the opportunity to control systems in the real world, beyond just the computer,” says Neil Cawse, CEO at Geotab, a manufacturer of IoT and telematics for vehicles. “In fact, due to the many practical applications of IoT technology, its ransomware can shut down vehicles, turn off power, or even stop production lines. This potential to cause far more damage means that the potential for hackers can charge much more, ultimately making it an appealing market for them to explore.”
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Internet of Things