fraud

Cyber-attacks on IoT applications pose significant risks to both individuals and organizations. These attacks can result in data breaches, privacy violations, and even physical harm. Due to the interconnected nature of IoT devices, vulnerabilities in one device can lead to the compromise of the entire network. Hackers can exploit security weaknesses in IoT devices to gain unauthorized access, carry out identity theft, launch DDoS attacks, and manipulate critical infrastructure. To mitigate these risks, it is essential to implement strong security measures like encryption, authentication, and secure coding practices. Regular software updates and patches should also be applied to prevent known vulnerabilities from being exploited.