By: Scott St. John - Pipeline
A revolution is surging. An army comprised of billions of devices is advancing and beating against the castle walls of even the largest service providers. If the industry is not prepared
for the onslaught of the Internet of Things (IoT) it will have disastrous consequences. But it's not all doom and gloom, as there is an opportunity to prepare for, and even win, this war.
What does this army look like? Chances are if you are reading this article you are wearing one on your arm right now — with 200+ million wearable devices hitting the market this year — a
number that is
projected to
more than double by 2022. But it's much more than just smart watches and Fitbits. Every "thing" is becoming increasingly connected, from your car to your home to your city. At the same
time, enterprises, factories, and even entire industries are being transformed by the IoT. And yes, that includes robots.
But let's not gloss over the aforementioned disastrous consequences. In 2016, DNS provider Dyn was attacked using the Mirai botnet malware, taking out most of the connectivity across the
East Coast of the United States and hundreds of thousands of websites, including commercial sites such as Amazon, PayPal and Visa. The attack was conducted by turning millions of connected
devices, such as video cameras and DVRs, into malicious agents that overwhelmed Dyn's network. The damage estimates are nearly incalculable. For Dyn, over 140,000 customers immediately stopped
using their service. For the damages to the thousands of commercial businesses that relied on Dyn's services, estimates range between $1 and $1000
per minute. And, if you think the Dyn story is too played out, just last month the city of Riviera Beach, Florida announced it was going to
pay over a half a million dollars to hackers who seized its computer systems as a result of a ransomware attack. Which is why we
dedicated two articles this month to the topic of IoT Security, and it is a prevalent theme in several others.
We hope you enjoy this and every issue of Pipeline,
Scott St. John
Managing Editor
Pipeline