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Why IoT Patching Race is a Lose-Lose Game

Continual patching is an age-old approach and a persistent problem for smart device manufacturers and users alike — but that’s about to change. Exploit prevention will revolutionize how we secure IoT.

The IoT cybersecurity problem is vast

There are over 29 billion connected IoT devices, sensors, and actuators currently installed across the globe. That’s a large attack surface ripe for exploitation. It is estimated that more than half of these IoT-enabled devices are potentially vulnerable to low or high-security risks and attacks.

Attackers often exploit common vulnerabilities and exposures (CVEs) to get into a device, and then use that foothold to launch other attacks as they go about their attack objectives. The Unit 42 “2022 Incident Response Report” found exploiting software vulnerabilities was the second most commonly used attack method by hackers. In fact, nearly one in three, or 31%, of the incidents they analyzed were the result of an attacker gaining access to the enterprise environment by exploiting a software vulnerability. These attacks can have significant and far-reaching consequences – it’s estimated cybercrime costs the global economy about $1 trillion (more than 1% of global GDP).

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