Efficient functioning of connected devices should play an important role in future policymaking in the Internet space
The recent Mirai cyberattack, where several devices connected in the ecosystem collectively referred to as the Internet of Things (IoT) were hacked, converted into botnets, and directed to execute distributed denial of service (DDoS) attacks on popular websites such as Twitter, Spotify and SoundCloud, highlight the continuing need to battle cyber threats. So do the banking hacks of last month when 3.2 million debit cards were compromised, most likely due to a malware in the systems of Hitachi Payment Services which managed the “switch" to inter-bank networks. Reliance on the existing cybersecurity frameworks to address these threats—notifying users, tracking the source of the hack and improving protection for the future—seems to send the message out that nothing new can be done beyond more of the same old. Cyber threats are a necessary evil and we just have to protect ourselves better against them.
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