The Week in Internet News: The Bottom Line of IoT Security

The cost of IoT breaches: Companies struggling with Internet of things security are seeing a monetary impact, says WeLiveSecurity.com. About a quarter of companies struggling with IoT security have reported losses of at least US $34 million in the last two years, according to a recent survey.
International cyber deal: French President Emmanuel Macron called on other nations to join his country in an international pact against malicious activity online, reports ITworldCanada.com. Nations signing the Paris Call for Trust and Security in Cyberspace would agree to “condemn malicious cyber activities in peacetime, notably the ones threatening or resulting in significant, indiscriminate or systemic harm to individuals and critical infrastructure and welcome calls for their improved protection.” The pact, advanced at the Internet Governance Forum in Paris, was signed by 51 other countries, 224 companies, and 92 non-profits and advocacy groups. But the U.S., Russia, and China declined, ZDNet notes.
Booted from social media: In a three-week period, Chinese censors have deleted nearly 10,000 social media accounts operated by the country’s residents, reports the South China Morning Post via Yahoo News. Accounts shut down include those of a talk show celebrity and an entertainment blogger. The Continue reading


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