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US debates need for new regulation for IoT

Confronting the dangers posed by the internet of things – as demonstrated by the 21 October Mirai DDoS attack – members of the US House of Representatives' Energy and Commerce Committee have held a hearing that examined the feasibility of regulating IoT devices, reports SC Media. “Speaking before the Subcommittee on Communications and Technology and the Subcommittee on Commerce, Manufacturing, and Trade, experts testified that IoT device manufacturers generally lack the financial incentive to secure their products while device consumers lack the motivation to practise responsible cyber hygiene with said products.” “The market really can't fix this. The buyer and seller don't care,” testified Bruce Schneier, a computer security expert and fellow at Harvard University's Berkman Klein Center for Internet and Society. “I argue that government has to get involved, that this is a market failure and what I need are some good regulations.” Schneier predicted that the US might even need to create a new agency to manage IoT technology because it represents a singular, unprecedented threat covering an unwieldy range of computerised devices, including cameras and electronics, smart home devices, automobiles and more. Read more

  • Tuesday, 22 November 2016

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