IoT Security Industry News Q4/2020

The world has never been more connected than today, which also leads to an increased risk of cyber-attacks. Unfortunately, IoT security is mostly still a blind spot, even among experts. This needs to change, and our mission is very clear: #makeIoTsecure!

Looking at IoT Inspector

We are proudly presenting our new investor, eCAPITAL, one of Germany’s leading independent VCs. The two funds eCAPITAL Cybersecurity and eCAPITAL IV recently invested two million Euros in IoT Inspector. Already in June 2020, we left our incubator SEC Consult and are now officially an independent company. Our headquarters are located in Bad Homburg (Germany), and we also maintain a subsidiary in Austria.

Our latest product extension is quite the stunner as well: The IoT Monitoring. From now on, you can automatically check once uploaded IoT firmware daily for compliance and vulnerabilities through latest security threats. We run daily checks over a period of six months – no network or device access required. Activate IoT Monitoring right away in your account! You do not use IoT Inspector yet? Get a free demo!

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Last but not least, we are excited to announce our collaboration with Luxembourg’s Cybersecurity Competence Center, and would like to thank the BDI for a fantastic (socially distanced) launch event.

Looking at the market

In its latest Threat Intelligence Report, Nokia warns against the rapidly rising number of cyberattacks on IoT devices, and sees a 100% increase compared to last year. According to the telecommunications company, poorly secured IoT devices are the main reason for this surge, as they enable criminals to automatically exploit common liabilities. One more reason to automatically detect such vulnerabilities in the future!

The European Union Agency for Cybersecurity (ENISA) also warns against a rising number of security threats in its recently published Threat Landscape 2020. ENISA notices a spike in industrial espionage directly targeted at Industrial IoT devices (IIoT), particularly in the utilities, oil & gas and manufacturing industries.

In Securing IoT From The Roots, the consultants of Frost & Sullivan take a close look at the global firmware security market and its potential within the IT security sector. Their conclusion: Firmware security starts with application security, and manufacturers and system integrators alike must take action! IoT Inspector is cited as best practice in automatically detecting vulnerabilities in IoT firmware.

Let’s meet!

Webinar: IoT Inspector – Benefits For Your Organisation (German- and English-speakers welcome)
Join my partner Florian Lukavsky and myself as we guide you through the latest version of IoT Inspector, and share brand new insights from our product and company. There will be plenty of time for a Q&A session as well!

  • December 2nd, 2020: 4:30 – 5:30 pm CET / 10:30 – 11:30 am EST.
  • December 7th, 2020: 7 – 8 pm CET / 1 – 2 pm EST.

I would love to e-meet you at one of our future events!

All the best and stay safe,

Rainer Richter Iot InspectorRainer M. Richter

P.S.: Last week, I was invited to Oliver Schenk’s podcast “Insider Research”. A playback of the interview is available here (in German).