Going along with rapid growth of the Internet of Things (IoT) market, security loopholes reported by the users of IoT devices have also seen a sharp rise in South Korea, official data showed Monday.
The IoT system, usually established at homes and offices, connects devices together to help users control them even when they are physically away. Personal CCTVs known as IP cams and mobile internet routers are typical IoT devices.
Statistics Korea, a government body, speculates the IoT market will grow about 29 percent annually until 2022. According to a global research firm, IDC, the global IoT market will grow to 1.7 trillion US dollars in 2020 from 655 billion in 2014.
The Korea Internet & Security Agency (KISA) said Monday that the number of IoT security loopholes reported by consumers in 2016 increased 2.8 times from a year ago to 362. "In the past, most reports were on security breaches in programs such as Active X and client software," said a KISA official. "Recently, we have received many reports on security loopholes in IoT devices."
KISA takes it seriously as security loopholes in IOT devices could pose a grave threat to users because hackers can cause safety accidents or leak privacy. To avoid security flaws in public and personal networks, KISA offers a cash reward of up to five million won (4490 dollars) to those who report new security weak points.
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