Internet of Things Market Value

‘Internet of Things’ will be worth more than the national debt

By on February 26, 2014 at 7:30 PM.

‘Internet of Things’ will be worth more than the national debt

The “Internet of Things” was a major focus at this year’s Consumer Electronics Show, with virtually every company introducing more connected devices. This is for good reason, as a report from last December said the Internet of Things industry would be worth $309 billion by 2020. That’s just the tip of the iceberg, though, according to Cisco CEO John Chambers. More →

No Comments
Smart TVs, Fridge Hacked

Of course hackers made your smart fridge and TV send malicious emails

By on January 20, 2014 at 11:00 PM.

Of course hackers made your smart fridge and TV send malicious emails

California-based security firm Proofpoint has discovered that hackers used smart Internet-connected home appliances to deliver malicious emails in what’s considered to be the first proven attack that involves the “Internet of things,” The Sydney Morning Herald reports. According to the company, during December 23 and January 6, “waves of malicious email, typically sent in bursts of 100,000, three times per day, targeting enterprises and individuals worldwide” were seen. Of those, more than 25% originated from Internet of things devices that were hacked for the purpose, instead of traditional “laptops, desktop computers or mobile devices.” No more than 10 emails were initiated from the same device, which made the attack all the more difficult to spot. More →

No Comments
Internet of Things

Your entire world will soon be connected

By on December 13, 2013 at 2:25 PM.

Your entire world will soon be connected

Intelligent connected machines and services that surround us – effectively known as the “Internet of Things” (IoT) – will become a $309 billion business by 2020, new research from Gartner shows (via ZDNet). To use Samsung’s famous tag line for promoting mobile devices, IoT will become “the next big thing” in the years to come, as more and more devices will get Internet connectivity, smart features and some sort of awareness. The firm says that IoT devices in use will grow from 900 million units today to 26 billion units by 2020, at a significantly higher rate than smartphones, tablets and PCs, which will reach about 7.3 billion combined units by the same year. More →

No Comments