Will the Internet of Things always be so vulnerable?

The Internet of Things (IoT) has undergone an amazing transformation, from a pipe dream to a marketing buzzword, and now an impending reality. Recent estimates expect the number of internet-connected devices to reach 26 billion by 2020, with some studies suggesting an even higher output. With an exponential increase in devices communicating with us, other devices, and with the internet at large, how can anyone keep private information safe? …

In 2015, more than 165 million personal records were exposed, through cybersecurity breaches over the course of the year. A staggering 64 per cent of Americans have been personally affected by a major data breach. It’s no longer a question of “if” cyber criminals will target you — it’s a matter of “when.”

Cyberattacks have not only become common, they’ve also become exponentially more dangerous, as we connect more and more of our devices to global networks. The large majority of cybersecurity professionals are concerned about the potential weaponisation of IoT, and only 30 per cent of them believe their organisations are fully prepared for the risks inherent in IoT. Furthermore, experts feel only one out of every ten IoT devices has adequate security measures. …

Source: Will the Internet of Things always be so vulnerable?

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Wonga Data Breach could affect nearly a quarter million UK customers

Payday loan firm Wonga are warning more than a quarter of a million customers that their personal data may have been stolen in a data breach at the firm.

The online lender said it was “urgently investigating illegal and unauthorised access” to the personal data of some of its customers in the UK and Poland. It is understood that the breach could affect up to 270,000 current and former customers, including 245,000 in the UK. The company would not disclose where it had taken place.

The lender, which offers loans at interest rates starting at an extortionate 1,286% a year, became aware of a problem last week but did not realise until Friday that data could be accessed externally. It alerted the authorities and started to contact borrowers on Saturday to make them aware of the problem, and give details of a dedicated customer services phone line for those affected. …

Source: Wonga Data Breach could affect nearly a quarter million UK customers

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