Trend Micro stated that IoT attacks are increasing in Cybercriminal Underground Communities

“The Russian cybercrime underground market is the most sophisticated out of all the underground communities we discuss in this paper. The money-driven criminals make up a market thriving with exploits for routers, customized firmware for smart meters, talks of hacking gas pumps, and router-based botnets for sale. There is a variety of conversations taking place around devices, including fewer common platforms. Most of these talks have a monetization angle. In general, a Russian underground is a place for business where hacking and technical information is mere details,” the report stated.

 

In order to mitigate cyber risks from the design phase itself, the researchers at Trend Micro urged the #IoT manufacturers to partner with security experts.

 

According to the research findings, the Russian and Portuguese-speaking forums are most prominent in financially driven attacks than the other cybercriminal markets. It’s said that the main activity of these forums is selling access to compromised devices such as webcams, routers, and printers.

 

The research explained how online intruders exploit vulnerabilities in connected devices. It has examined several hacker forums in the Russian, English, Portuguese, Spanish, and Arabic languages to determine the hackers’ activity on IoT attacks.

 

Trend Micro, a cybersecurity solutions provider, stated that the Internet of Things (IoT) has become a primary target for cybercriminals. In its latest research, named the Internet of Things in Underground Communities, Trend Micro detailed the rising trend for IoT attacks.