In August 2016 the Mirai Botnet was unleashed, using millions of poorly secured IoT devices to launch a number of DDoS attacks that resulted in relatively minor impact by taking down the website of security analyst Brian Krebs through to clobbering the Dyn network which, in turn, resulted in some of the world's biggest websites dropping off the Internet. The creators of the Mirai software have been charged and have pleaded guilty in a US court.
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According to Netlab, a new IoT botnet, that dwarfs last year's Mirai attack, is building. Reaper takes advantage of nine different vulnerabilities and over 100 DNS open resolvers to take over IoT devices and launch attacks. Although the botnet hasn't been deployed in a major attack yet, it is building .
New research released today by Telsyte says the IoT market is set to soar with more than 300 million connected devices in Australian homes by 2021. That's more than ten devices for every man, woman and child - and excludes commercial devices and applications. While managing and securing those devices will be a massive challenge, keeping them connected and remotely accessible will also see our telcos scrambling as they seek to further embed themselves in our lives