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Market
Type of first major violation of UK's IoT security law
5
Resolution / Starting Odds
Use of banned default passwords • 33%
Inadequate user data protection • 33%
Lack of timely security updates • 34%
UK regulatory body announcements or major cybersecurity news outlets
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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Similar markets
Botnet Attacks • 33%
Ransomware Attacks • 33%
Data Breaches • 34%
Above 80% • 50%
Below 80% • 50%
Full Compliance • 25%
Partial Compliance • 25%
Non-Compliance • 25%
Withdrawal from the UK market • 25%
Significant Improvement • 25%
Moderate Improvement • 25%
Minimal Improvement • 25%
No Improvement • 25%
Yes • 50%
No • 50%
Smart Speakers • 25%
Home Security Cameras • 25%
Smart Thermostats • 25%
Voice Assistants • 25%
Yes • 50%
No • 50%
Google • 20%
Amazon • 20%
Apple • 20%
Samsung • 20%
Xiaomi • 20%
