Smart home maker leaks customer data, and not any data… THE PASSWORDS!
The platform supports Orvibo-made smart products, such as security cameras, smart lightbulbs, thermostats, HVAC systems, home entertainment systems, smart power plugs, smart window curtain systems, smart door locks, and more. This is a huge problem as it is not just a particular security breach but potentially affects vast numbers of devices. –Go to Source
The market for Internet of Things has seen a somewhat unexpected acceleration in Q1/Q2 2018 and has lifted the total number of IoT devices that are in use to 7B. This is one of many findings in IoT Analytics’ latest “State of the IoT & Short-term outlook” update.
According to iot-analytics.com, companies across the board, most notably IoT software, cloud and services companies, far exceeded revenue expectations. “Microsoft Azure and Amazon AWS grew 93% and 49% respectively (within the last 12 months) with their IoT portion contributing significantly to the growth. But smaller players like C3IoT also reported a 60% revenue increase for the year.
Global number of Connected Devices: 17B
The number of connected devices that are in use worldwide now exceeds 17 billion, with the number of IoT devices at 7 billion (that number does not include smartphones, tablets, laptops or fixed line phones).”
The latest leak speaks about an ever increasing problem in the sector, the cybersecurity. There is a multi billion dollars dark web industry and exponentially increasing of hackers locking terminals (websites) for a ransom and IoT is the new market with endless opportunities for these ‘internet robbers’.
We should expect soon government regulations for cybersecurity as this is a high public security risk and insurance products to mitigate these risks.