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Market
Global adoption of similar IoT security laws by end of 2025?
5
Resolution / Starting Odds
Yes • 50%
No • 50%
International cybersecurity policy announcements or global cybersecurity conferences
Story
UK Enacts First Law Banning Weak Default Passwords on Smart Devices
Apr 29, 2024, 11:37 AM
The UK has introduced a groundbreaking law that bans the use of weak default passwords such as '12345' and 'admin' on smart devices. This legislation, which is the first of its kind globally, aims to bolster cyber security by setting minimum security standards for Internet of Things (IoT) devices. The new regulations apply to a range of consumer products including voice assistants and smart speakers, providing enhanced protection against cyber threats. The law was enacted to prevent scenarios like the 2016 Mirai botnet attack, which exploited weak passwords to create massive disruptions.
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Yes • 50%
No • 50%
Significant Improvement • 25%
Moderate Improvement • 25%
Minimal Improvement • 25%
No Improvement • 25%
Full Compliance • 25%
Partial Compliance • 25%
Non-Compliance • 25%
Withdrawal from the UK market • 25%
Above 80% • 50%
Below 80% • 50%
Several countries adopt • 25%
Few countries adopt • 25%
No countries adopt • 25%
Widespread adoption • 25%
Yes • 50%
No • 50%
Botnet Attacks • 33%
Ransomware Attacks • 33%
Data Breaches • 34%
Widely adopted • 33%
Moderately adopted • 33%
Poorly adopted • 34%
High influence • 34%
Moderate influence • 33%
Low influence • 33%
Stricter data breach penalties • 33%
Enhanced international cooperation requirements • 33%
Mandatory cybersecurity audits for large corporations • 34%