IoT attacks generally happen in two ways – remote attacks that target a device from a distance, usually over the Internet, and local attacks where the attacker has possession of the device they’re targeting. Remote, or logical attacks, target the software while local, or physical attacks, target the silicon inside the device itself. Over the last four or five years, we’ve seen the rise of much more organized groups focused on extortion via ransomware attacks. This “cyber mafia” are large criminal enterprises with hundreds of employees and coordinated extortion operations. In the past, most ransomware attacks have focused on extorting individuals. But today, the value of the attacks has increased to millions of dollars per attack, and the targets have shifted to larger and larger businesses. Instead of shaking down individuals for a few hundred dollars, they are going after millions from corporate targets.
Silicon Labs has introduced Secure Vault, a platform for securing and future proofing IoT devices. Download this white paper to learn how to help customers face the challenges of the changing landscape and keep pace with regulations.