It takes 16,000 phones to mine for £1k of cryptocurrency

Cybersecurity firm Avast is using its presence at Mobile World Congress in Barcelona to expose the security vulnerabilities of the Internet of Things (IoT). It is doing this by mining Monero, the popular cryptocurrency, using a smart TV.

Research from the firm suggests that 15,800 devices would be needed to mine just $1,000. As a result, cyber criminals are mounting mass attacks to pass the costs of mining onto strangers.

“The costs involved in mining are so high that profit from cryptocurrency mining is very low, encouraging cybercriminals to attack not tens of thousands, but millions of devices.

See: It takes 16,000 phones to mine for £1k of cryptocurrency

The House That Spied on Me

“In December, I converted my one-bedroom apartment in San Francisco into a “smart home.” I connected as many of my appliances and belongings as I could to the internet: an Amazon Echo, my lights, my coffee maker, my baby monitor, my kid’s toys, my vacuum, my TV, my toothbrush, a photo frame, a sex toy, and even my bed.”

“The reason I smartened up my house was to find out whether it would betray me.”

Article:

The House That Spied on Me

 

University of Surrey to open new £4million nano-manufacturing hub

Nano-manufacturing Hub for smart materials and self-powered electronics:

https://www.surrey.ac.uk/mediacentre/press/2018/university-surrey-open-new-%C2%A34million-nano-manufacturing-hub-kick-start-uk%E2%80%99s

The Engineering and Physical Sciences Research Council (EPSRC) has awarded £1.6m to the Advanced Technology Institute (ATI) and the 5G Innovation Centre (5GIC) at the University of Surrey to establish a hub that will make the manufacturing of smart materials and self-powered electronics a reality in the UK.

The £4.2m project, supported by 32 partner organisations, was co-developed with QinetiQ and the National Physical Laboratory (NPL).

Living with diabetes is about to get easier with connected health device Actiste

Over 422 million people suffer from diabetes. By 2040 this number is expected to rise to 642 million.

Sweden-based company Brighter was launched in order to provide services and solutions that facilitate self-care and self-monitoring for patients to help them manage their diabetes better.

Brighter has developed Actiste – a connected device that gathers personal health data from diabetes patients and shares it with their caregivers, enabling patients to better manage their condition and caregivers to monitor and personalise their treatment more accurately.

Living with diabetes is about to get easier with connected health device Actiste

 

Baseline Security Recommendations for IoT

The study which is titled ‘Baseline Security Recommendations for Internet of Things in the context of critical information infrastructures’, aims to set the scene for IoT security in Europe. It serves as a reference point in this field and as a foundation for relevant forthcoming initiatives and developments.

https://www.enisa.europa.eu/publications/baseline-security-recommendations-for-iot