The Canadian cyber threat landscape is rapidly evolving as the drive towards multi-industry digitization continues. Interconnected software and platforms, and a growing use case for Internet-of-Things (IoT) and operational technology (OT) devices, have motivated cyber threat actors to disrupt business operations. The number of IoT cyberattacks worldwide amounted to over 112 million in 2022, with the volume of attacks predicted to grow further.
As organizations embrace the efficiencies and data enabled by IoT devices, cyber threat actors are stepping up their efforts by targeting sensitive data, using malware and phishing attacks to exploit network vulnerabilities and disrupt productivity.
This article explores the latest use and associated risk exposure tied to IoT integration to assist in your cybersecurity risk management.
- Statistics on the projected degree of IoT growth in Canada and number of associated cyber attacks
- Overview of the risk profile of IoT systems including the interconnected risk to physical assets and securing private information
- The ways in which IoT cyber attacks are perpetrated
- Guidance on managing known risk of IoT integration including blind spots in the IoT landscape and vulnerable devices often overlooked from a cybersecurity standpoint