Cyber criminals are expected to shift their sights away from ransomware and onto Internet of Things (IoT) devices, according to industry experts, CNBC reports. The rapid increase in the number of IoT devices has captured hackers’ attention.
These cyberattacks have ranged from shutting down computers to data theft as well as negatively impacting everyday life. This includes hackers using IoT devices as entryways to attack a nation’s critical infrastructure or disrupt vehicles or medical devices that contain software.
“What I wish is that the vulnerabilities of cybersecurity could never negatively affect human life and infrastructure,” Meredith Schnur, cyber brokerage leader for US & Canada at Marsh & McLennan, which insures large companies against cyberattacks, told CNBC. “Everything else is just business.”