…Attendees at global cyber security conference witness 13-year-old Reuben Paul hack a drone to highlight security flaws of web-connected gadgets
…Rapid growth of internet-enabled devices is fuelling fears the technology’s lax security features will leave businesses, governments and individuals open to costly security breaches – with airport closures due to drones estimated as costing circa $100,000 minute
…Security experts from Kaspersky Lab call on tech companies developing Internet of Things (IoT) devices to implement stricter security measures to prevent attacks by cyber criminals
Gaping holes in the design of millions of internet-connected devices were today publicly exposed by a 13-year-old hacked known as the “Cyber Ninja”.
TUE, APRIL 30 2019-theG&BJournal- Reuben Paul successfully hacked a drone in front of a live audience during a Kaspersky Lab global security conference in South Africa in a bid to draw attention to a problem that computer experts say could have devastating consequences for businesses, governments and individuals worldwide.
Kaspersky Lab say the stunt illustrates the ease with which internet-enabled devices – from baby monitors to street lights and self-driving cars – can be hacked.
With around seven billion internet-connected devices in the world, experts fear a major security breach is long overdue on account of their inherently insecure design.
For global businesses the risks are high. Many compete with each other to deliver their products to market in the fastest time possible to reap the market share, and often pay less attention to the security element in the process. Since consumers rarely pay attention to the security features, these are often forgotten about creating a major risk for a cyber hack.
When it comes to business, this could result in a catastrophic loss of data – their own and that of their customers – leading to reputational damage and a hit to their bottom lines. For airports in particular, they can faces losses of $100,000 a minute when they have to close due to unauthorised drone activity (according to Emirates Authority for Standardisation and Metrology (ESMA) estimates).
Cyber security experts gathering in Cape Town today will discuss the threats posed to data, privacy and life by insecure IoT devices and explore what can be done to mitigate them.
Last year, the Dubai International Airport (DXB) was closed three times due to illegal drone activities. The airport was closed for 30 minutes in two incidents (June and September), while the third intrusion in October lead to a 115 minute closure. The total loss, therefore, is estimated at $16.62m.
The Federation Aviation Administration (FAA) have stated that there are 2,000,000 drones in the US. The total registration figure includes 878,000 hobbyists, who receive one identification number for all the drones they own, and 122,000 commercial, public and other drones, which are individually registered.
A Federal Aviation Administration (FAA) 2016-2036 forecast, predicts there will be about 7 million drones in the air by 2020. The FAA predicts that by 2020, commercial drone sales alone will reach 2.7 million with the commercial drone market reaching $17 billion by 2024
The drones market in the UAE is currently among the most advanced and developed in the Middle East, fuelled by progressive development and implementation of regulation in Dubai. By 2022, the commercial drone market in the Middle East and Africa is expected to generate just under 220 million U.S. dollars in revenue.
The number of times a drone endangered the safety of an aircraft in the UK airspace rose by more than a third in 2018 according to the UK Airprox Board, it also recorded 125 dangerously close encounters in 2018, up from 93 in 2017 and 71 in 2016. Of these, 39 were at Heathrow, the UK’s busiest airport — slightly more than double the previous year’s total — and 10 at Manchester
There are about 7 billion internet connected devices according to data from IoT Analytics. Their number is set to explode in the following years as internet consumption rises and new gadgets and machinery hit the market
|twitter:@theGBJournal|email: info@govandbusinessjournal.com.ng|
