Skip to content
City PM
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
Friday 28 September 2018 3:34 pm  |  Updated:  Tuesday 21 May 2019 4:25 pm

IoT security: Your smart home device is a cyber security risk waiting to happen

By: Josh Mines

Add as a preferred source on Google

NULL

In the age of Google Home and Amazon Alexa, many modern households are home to one or more smart devices. 

While these gadgets can help with day-to-day tasks and generally make life easier – it's also opened up the possibilities of cyber attackers breaching vulnerable devices in the home. 

A new survey from Open-Xchange found that every home owns an average of five smart devices. However, only 15 per cent of households use software or apps to protect their beloved tech. 

It also found 28 per cent of respondents didn't have any plans to strengthen their security. 

The survey also found that potential cyber attacks could be costly for internet providers. 85 per cent of people said they would change their internet provider in the event of a data breach, while 78 per cent of households would not invest in any more devices if they were hit by a cyber attack. 

Read more: Uber pays out $148m to settle legal case over cyber attack cover-up

"The market for connected devices is ballooning as we all scramble to fill our homes with the latest gadgets, all aimed at making our lives simpler," said Rafael Laguna, chief exec of Open-Xchange. 

"Yet, the convenience of connected home technology should not let us neglect our family’s online privacy and protection. 

"Security features on smart devices are essentially non-existent, so it’s essential we treat them with the same level of caution that we do for our desktops." 

Read more: Tesco Bank to face City watchdog's largest ever cyber security fine

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Tech

Related Topics

Trending Articles

  • Top Burnham adviser calls for capital gains and inheritance tax hikes

  • A meeting with the breakfast king of Mayfair

  • Housebuilding giants hit with £4.5bn lawsuit for allegedly overcharging buyers

  • As it happened: Stocks jump on defence and metals boost; Oil on track to shed a fifth on US-Iran peace hopes

  • BT tops FTSE 100 after finding new home for international business with Verizon joint venture

More from City PM

  • ‘Act now’: AI models capable of attacks on governments months away, Five Eyes warn

    Tech
    GettyImages 158774123 showcases a relevant business meeting scene, highlighting diverse professionals engaged in discussion.
  • Gambit Cyber Launches Vizier AI – An Autonomous Security Intelligence Workspace for Continuous Exposure Management

    Business Wire
  • UK businesses struggle with triple threat of costs, cyber risks and stagnant growth

    Prof Services
    London office workers collaborating on AI and tech projects, surrounded by computers and digital interfaces in a modern wo...
  • UK ministers tell UK businesses to ‘step up’ cyber defences

    Tech
    The ICO said it initially planned to fine Capita a total of £45m, but this was later reduced by “mitigating factors”
  • Top spook says Russia ‘relentlessly targeting’ UK infrastructure 

    Tech
    GCHQ headquarters at dusk with illuminated windows, showcasing the iconic circular building amidst a vibrant evening sky.
  • Lattice to Showcase Industry-Leading FPGA Innovations at FPGA Conference Europe 2026

    Business Wire
  • Yubico Joins European Cyber Security Organisation (ECSO)

    Business Wire
  • Fifa World Cup under drone terrorism threat, security experts warn

    Sport Business
    Business professionals in a modern office discussing a strategic plan with charts and graphs displayed on a large screen

City PM — European politics, business and analysis.

Europe

  • Germany
  • France
  • Europe
  • UK & Ireland

Topics

  • Business
  • Markets
  • AI
  • Technology
  • Opinion
  • Energy

More

  • Politics
  • Economics
  • Fintech
  • Legal
  • Sport
  • Life

Company

  • About City PM
  • Editorial Policy
  • Corrections
  • Contact
  • Terms of Use
  • Privacy Policy
  • Cookie Policy
© 2026 City PM · Published by CityPM Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
About · Editorial Policy · Corrections · Contact · Privacy