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Technology 6 August 2018

The Week in Internet News: IoT Security Spending Predicted to Skyrocket

Grant Gross
By Grant GrossTechnology Reporter

Securing the IoT: Internet of Things security spending is predicted to rise by about 30 percent a year through 2023 as the industry looks for some regulations, reports Cyber Security Hub. Possible regulatory standards are driving part of the growth.

Pornification of the IoT: This is bad news or maybe good news, depending on your perspective. Hackers recently took control of an IoT-connected parking kiosk and connected it to online porn content, Business Insider reports. The kiosk didn’t display the porn content, however, leaving researchers confused about the hackers’ motivation. Maybe, it was just because they could.

AI joins the army: The Indian military is considering the use of Artificial Intelligence for national security and military strategic purposes, says The News Minute. The Indian government is also studying AI uses in aviation, and for cyber, nuclear, and biological warfare.

AI vs. humanity: In a possibly related story, CNBC lists five of the most scary predictions about AI. Among them: Mass unemployment and the use of robots to wage war.

U.S. AWOL: The U.S. government lacks the resources and reputation to remain a leader in global conversations about Internet policy, according to an Engadget story about a recent congressional hearing. Cooperation with other countries is important, witnesses said, but that’s not where U.S. policy is these days.

Blockchain hype fades? A number of corporate blockchain projects are winding down this year, as some companies are scaling back pilot projects, according to a story at Data Center Knowledge. The technology has proven difficult to adopt in real-life situations, says the story, based on information from Forrester Research.

That’s not Minecraft: A PC video game previously available on the Steam distribution platform contained a secret crypto mining software package, says Unhashed. Steam removed the game after reports of the bundled miner.

AI looks into your soul: An AI research project looked at ways to understand a person’s personality by tracking their eye movements, CNet says. The AI was able to accurately identify four major personality traits: neuroticism, extraversion, agreeableness, and conscientiousness. Freaky!

The Internet of Things has arrived and it’s going to introduce incredible opportunity over the next five years, but the IoT industry has a way to go in terms of security. Do you know the risks of your IoT device?

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