Securing your IoT device with FBOMS from devastating cyberattacks

19 / 04 / 2022

The high number of active IoT devices globally is expected to grow from 7.6 billion in 2019 to 24.1 billion in 2030 (more than three times!), and their high speed of adoption has raised worries about their security.

At the same time, the current state of IoT cybersecurity is overlooked and can be described with the three following facts:

  • 5 minutes is usually needed to attack a device plugged into the internet IoT
  • 5,200 cyberattacks IoT devices experience on average per month
  • 205 days it takes to fix critical security vulnerabilities

For all the reasons mentioned above, these days, businesses have to look for high-quality cybersecurity solutions that can provide deep-level protection.

Firmware is a core part of any connected device and plays a critical role in controlling main device functions. Firmware security and its continuous maintenance make an IoT device HIGHLY secure to use.

The ability to see all the components integrated into the firmware (FBoM) is a time-efficient way to determine necessary actions if vulnerabilities are found in one of the components.

In the EUHubs4Data IoT SESOD project, Binare aims to take off the label “black box” from IoT devices by generating complete and accurate (I)IoT firmware SBoMs (Software Bill of Materials) and their always-up-to-date vulnerability (CVE) mappings. Binare is a deep firmware-level security platform for vulnerable IoT devices. Its automated cybersecurity solution identifies vulnerable software components in firmware like an X-ray machine and takes care of new emerging cyber threats by continuously monitoring the components.