Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Technology

The unwanted visitors you’re letting into your home: How second-hand Smart Home Technology is compromising your safety

The unwanted visitors you’re letting into your home: How second-hand Smart Home Technology is compromising your safety
  • Hackers reveal how easy it is to spy on your family through your Amazon Echo or Smart Camera.
  • Internet security experts vpnMentor mobilised a team of ethical hackers to assess the safety and privacy of some of the most popular smart home devices on the market.

127 million smart home units are expected to be sold in the US in 2018, with the global smart home market expected to be worth $53.45 billion by 2022.

With 55% of smart device owners in the dark about how they actually work, could those who bought second-hand smart home devices be welcoming a threat to their families into their homes?

Internet security experts vpnMentor have utilised a team of ethical hackers to uncover the most hackable smart home devices including the first-generation Amazon Echo, a Samsung Smart Camera and the first-generation Ring Smart Doorbell.

vpnMentor have produced a video which shows just how you’re inviting hackers into your home, and how easy it can be for them to access your sensitive information. Disturbingly, the team were able to manipulate all of the devices tested to gain access to your home.

Amazon Echo – A wiretap waiting to happen?

Our research revealed a critical vulnerability related to the first-generation Echo’s physical design. Hackers were able to open the device up and manipulate it using a specially crafted SD card. This means that malicious actors could live stream audio from its microphone, and remotely use its services.

The video showcasing this in action, as well as advice to protect yourself, is viewable here.

Keeping Cyber Criminals at Bay

With such terrifying findings, vpnMentor wants to highlight just how simple it is for your home to be targeted by malicious hackers.

However, the experts at vpnMentor have compiled a list of recommendations to protect users from becoming an easy target:

  • Always research a product, and any existing security threats to it, before you buy.
  • Only buy your smart gadget from an officially certified source.
  • Be aware of any signs of physical intervention with the product.
  • Directly address the seller if you or someone else has identified any major misconfiguration.
  • Make sure your smart device is properly configured and regularly updated.
  • Keep your externally facing smart devices on a separate network.

Ariel Hochstadt, co-founder of vpnMentor, commented: “If you are going to introduce smart technology into your home, it is important that you remain attentive with your devices to ensure that only those you trust have access. By following our set of simple rules you can ensure the best security practices have been met and saving you from becoming an easy target for crime.”

For more information on cybersecurity, and how to make sure your devices are protected, you can read the full vpnMentor guide here. You can also watch their video investigation here to see how one unsuspecting family was affected after their devices were hacked.

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post