Is the Internet of Things the New Frontier for Cyber Extortion? – TrendLabs

Trend Micro warns that IoT devices—including connected vehicles and smart-home products—are attractive potential targets for ransomware due to outdated protocols, default credentials, and weak OS/compiler practices; while attacks aren’t expected imminently, the combination of increasing IoT adoption and exploitable flaws makes extortion a credible future risk, and Trend Micro recommends security audits, gateways, endpoint monitoring, and real-time log inspection as mitigations.