IoT Is A Hot Topic In Cybercriminal Underground: Trend Micro

Trend Micro Incorporated today released new research detailing a fast-growing market for IoT attacks. Cybercriminals from around the world are actively discussing how to compromise connected devices, and how to leverage these devices for moneymaking schemes.

Trend Micro Research analyzed forums in the Russian, Portuguese, English, Arabic, and Spanish language-based underground markets to determine how cybercriminals are abusing and monetizing connected devices. The results reveal that the most advanced criminal markets are Russian- and Portuguese-speaking forums, in which financially driven attacks are most prominent. In these forums, cybercriminal activity is focused on selling access to compromised devices – mainly routers, webcams and printers – so they can be leveraged for attacks.

According to Trend Micro’s findings, most conversations and active monetization schemes are focused on consumer devices. However, discussions on how to discover and compromise connected industrial machinery are also occurring, especially the vital programmable logic controllers (PLCs) used to control large-scale manufacturing equipment. The most likely business plan to monetize attacks against these industrial devices involves digital extortion attacks that threaten production downtime.

Additionally, the report predicts an increase in IoT attack toolkits targeting a broader range of consumer devices, such as virtual reality devices. The opportunities for attackers will also multiply as more devices are connected to the internet, driven by 5G implementations.

Trend Micro urges manufacturers to partner with IoT security experts to mitigate cyber-related risks from the design phase. End users and integrators should also gain visibility and control over connected devices to be aware of and curb their cyber risk.

The full report, The Internet of Things in the Criminal Underground, can be found here:https://www.trendmicro.com/vinfo/us/security/news/cybercrime-and-digital-threats/the-internet-of-things-in-the-cybercrime-underground.

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