EETimes – IoT Device Vendors: Why Resist Vulnerability Reporting? –
An unpatched vulnerability in several ZyXEL network-attached storage devices and firewalls could allow unauthorized remote code execution on the device.
Worldwide, the installed base of all IoT devices is set to total nearly 35 billion units this year, according to Omdia (formerly IHS Markit – Technology). That represents 35 billion chances for hackers to compromise security, Bill Morelli, Omdia’s vice president, enterprise research, told EE Times in an email. “As a result, cybersecurity has become a major priority for organizations worldwide, with global spending on cybersecurity expected to swell to $157 billion in 2023, up from $60 billion in 2019,” he noted.