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#News(Security) [ via IoTForIndiaGroup ]
Bandwidth security against rogue IoT botnets could be the next critical investment priority for the telecommunications sector after a report from NOKIA found that 78 percent of network-based malware detection in CSP networks in 2018 is attributed to IoT botnet activity used in DDoS and crypto-mining activity. This is up a staggering 33 percent from two years ago, confirming that malware is here to stay and growing in complexity.
IoT devices have IP addresses to connect to the internet so they can gather and swap data. Once these devices are infected with malware, hackers turn them into IoT botnets that will actively keep scanning the internet for more vulnerable devices with open ports or weak credentials to grow the botnet. The goal is for the IoT botnet to keep on expanding, most likely for use in launching large-scale DDoS attacks to cripple critical infrastructures.
Other investigations have revealed that the telecom industry is actively targeted by a new type of Trojan malware, especially in the Middle East, Europe and North America, as part of a major cyber espionage operation. NOKIA further warns that, unlike in previous years when smartphones and web-browsers were in the spotlight for cryptocurrency miners, IoT botnets are now a top target. This is the case especially for Monero mining algorithms that don’t need special conditions or equipment and can be easily and efficiently set up on regular computer hardware and vulnerable connected devices turned into botnets.
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