Cyber Risks · Krebs on Security

The FTC’s Internet of Things (IoT) Challenge

Summary: The U.S. Federal Trade Commission launched the IoT Home Inspector Challenge, offering up to $25,000 for the best technical solution to insecure Internet of Things devices, with up to $3,000 for as many as three honorable mention winners. Submissions open March 1, 2017 and are due May 22, 2017 at 12:00 p.m. EDT, with winners announced on or about July 27, 2017.

What you should know: Gartner estimates 6.4 billion connected things were in use worldwide in 2016, up 30 percent from 2015, reaching 20.8 billion by 2020 - and the FTC's ideal tool is one that checks and installs updates for other IoT devices, or addresses hard-coded, factory default or easy-to-guess passwords.

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Data Breaches
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