Everyday things from smart speakers to security cameras, DVRs, and even baby monitors have been hacked. As the internet of things (IoT) becomes more pervasive, these smart, connected products also provide more opportunity for cybercriminals. Sometimes the breaches stem from user error – not changing default logins and passwords, for example. But in other cases, the device itself wasn’t designed with a robust level of security.
The FBI opened its Internet Crime Complaint Center (IC3) in May 2000. The bureau’s 2016 Internet Crime Report reports that IC3 has amassed more than 3.7 million complaints since the center’s formation. According to the report, in 2016 alone, there were more than 298,000 complaints amounting to more than $1.3 billion in reported losses. As RSA notes in its white paper, “2016: Current State of Cybercrime:” “From mobile threats and ransomware to the role of biometrics in reducing fraud, a myriad of threats exist across the cyber landscape and the commoditization of cybercrime is making it easier and cheaper to launch attacks on a global scale.”
For cybercriminals, to hack or not to hack becomes a balance between risk and reward. The riskier (or more difficult) you can make your design to hack, the better you protect your design. Unfortunately, too many companies consider security to be expensive, time-consuming, and/or complex to implement. Yet, there are plenty of techniques and technologies that you can utilize to integrate robust security into your design—efficiently and affordably. And taking advantage of these resources is far better than suffering through a breach—which can be much more costly to your bottom line, not to mention your brand reputation and customer loyalty.
White Paper: Essential Hardware-Based Design Security
Maxim has a new white paper, “Why Hardware-Based Design Security is Essential for Every Application,” that dispels the myths around implementing design security. Read the paper to see why hardware-based security is superior to a software-based approach. Learn about cost-effective embedded security technologies that simplify the process of designing in security. Read the white paper today and safeguard your next design against looming threats.
The FBI opened its Internet Crime Complaint Center (IC3) in May 2000. The bureau’s 2016 Internet Crime Report reports that IC3 has amassed more than 3.7 million complaints since the center’s formation. According to the report, in 2016 alone, there were more than 298,000 complaints amounting to more than $1.3 billion in reported losses. As RSA notes in its white paper, “2016: Current State of Cybercrime:” “From mobile threats and ransomware to the role of biometrics in reducing fraud, a myriad of threats exist across the cyber landscape and the commoditization of cybercrime is making it easier and cheaper to launch attacks on a global scale.”
For cybercriminals, to hack or not to hack becomes a balance between risk and reward. The riskier (or more difficult) you can make your design to hack, the better you protect your design. Unfortunately, too many companies consider security to be expensive, time-consuming, and/or complex to implement. Yet, there are plenty of techniques and technologies that you can utilize to integrate robust security into your design—efficiently and affordably. And taking advantage of these resources is far better than suffering through a breach—which can be much more costly to your bottom line, not to mention your brand reputation and customer loyalty.
White Paper: Essential Hardware-Based Design Security
Maxim has a new white paper, “Why Hardware-Based Design Security is Essential for Every Application,” that dispels the myths around implementing design security. Read the paper to see why hardware-based security is superior to a software-based approach. Learn about cost-effective embedded security technologies that simplify the process of designing in security. Read the white paper today and safeguard your next design against looming threats.