In May 2021, the Colonial pipeline was attacked for a ransom. That’s because Internet of Things (IoT) technology may be legacy technology, with inadequate updating and patching, and because the financial incentives to breach its security have grown.Īttacks on IoT Technology Garner Big PayoutsĪs a result, ransomware attacks on IoT have become more prevalent, with larger payouts possible for malicious actors.Ĭonsider the February 2021 attack on the Oldsmar water plant in Florida an attempt was made to manipulate the pH in the city’s water to dangerously high acidic levels by increasing sodium hydroxide (lye) by 100 times. Such technology has become a “soft target,” for malicious actors. As the globe continues to wobble through the reverberations of COVID-19, observers say that the impact on critical infrastructure is likely to worsen.Ĭritical infrastructure – which includes government institutions, utilities, transportation and more – is now more vulnerable than ever given an exponential increase in attacks on the IoT technology that powers it.
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