Applied AI Weekly News

Justin Grammens

Welcome to Issue 119 of IoT Weekly News!

I'll keep things short this week. This issues is largely focused on security and the Internet of Things. Lab 651 recently was an exhibitor at the Minnesota High Tech Association Spring Conference in which IoT and Security were some of the major hot topics covered by the morning keynote. I found myself dispelling a lot of myths and Fear, Uncertainty & Doubt (FUD) based on our successes with IoT.

Interest in Blockchain continues to grow and we at Lab 651 are looking at ways in which we can leverage this technology to create a public record of how we build a level of trust between the devices sending the critical information and those receiving it. Great topics for discussion! Attend our next IoT Fuse monthly meetup. See you there!

I hope you enjoy this issue and remember to follow us on LinkedIn, Twitter and Facebook

News

Microsoft Will Pour $5 Billion Into IoT Over 4 Years, Tripling Prior Spending

Microsoft announced today that it plans to invest $5 billion into various programs surrounding the Internet of Things (IoT) over the next four years, as part of its bid to make the deployment and use of internet-connected hardware easier for its business customers.

The Future of IoT Rests on Putting the Puzzle Pieces Together

"Within two years, the IoT market could become a $11 trillion market comprising of new short-range bluetooth mesh, edge computing, and deep learning with much of it authenticated by blockchain ledgers zooming over ultra fast 5G cellular networks", Corey Egan said.

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Security

A Long-Awaited IoT Crisis Is Here, and Many Devices Aren't Ready

YOU KNOW BY now that Internet of Things devices like your router are often vulnerable to attack, the industry-wide lack of investment in security leaving the door open to a host of abuses. Worse still, known weaknesses and flaws can hang around for years after their initial discovery.

Mirai Variant Targets Financial Sector With IoT DDoS Attacks

A variant of the Mirai botnet was used to launch a series of distributed denial of service campaigns against financial sector businesses. The attacks utilized at least 13,000 hijacked IoT devices generating traffic volumes up to 30 Gbps, considerably less intense than the original Mirai assaults clocked at 620 Gbps.

Here Is Why Nobody Has Succeeded at Running IoT on the Blockchain

Several technology conglomerates, such as IBM, are focused on developing centralized blockchain networks or permissioned ledgers. With the implementation of permissioned blockchain networks, there is a definite trade-off between security and flexibility.

Startup Can Secure IoT Devices With Data Analytics

Israeli startup Securithings has developed an IoT security system that it claims can address one of the biggest challenges of IoT security: securing networks comprising large numbers of relatively simple devices that lack more than the most basic security features.

Why Protection Is Paramount In The age Of The Internet Of Things

It’s clear that the IoT provides a wealth of business and marketing opportunities for operators. But to ensure it’s not a short-lived fad, security must be taken seriously.

IoT Chain (ITC) Is a Breakthrough for the Internet of Things Users

Businesses and smart homes can now afford a smile after the announcement of the IoT Chain (ITC) blockchain. Blockchain technology has offered quite a lot of practical solutions to a number of challenges and IoT Chain solves the problems experienced with the interconnection of IoT devices is a major boost.

Securing The Internet Of Things: A Two-Fold Challenge

For most IoT hardware manufacturers, security has been an afterthought. This forces them to retrofit devices after the fact, with solutions to address malicious entities when they are discovered. It is an expensive, time-consuming and ineffective approach.

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