Hardware Security
Narmally when we think about hackers, we think about recent ransomware cyberattacks like WannaCry and Petya. However, increasingly hackers have been targeting hardware as opposed to software.
As cyber security software gets better at preventing security breaches, hackers need to find innovative ways to make profits. Unlike software, computer hardware is often not designed with any security in mind., and hackers have learned to exploit that. Imagine a chemical plant that had tanks full of dangerous chemicals. A hacker could potentially hack into the hardware responsible for moving dangerous chemicals and cause the tanks to spill, or worse, explode. Such an event would likely cause the company's stock to fall rapidly. The hacker can profit off the stock market fluctuations without leaving a trace of their actions.
Attacks like this have already happened, although not on this scale. This trend is forcing hardware designers to think of all the ways their hardware could potentially be used against them, and design methods to prevent this from happening.
For the most part, hardware security regulation is almost nonexistent. In the coming years, hackers will likely find new and innovative ways to target systems we least expect to be attacked. Safety standards and regulations will have to be passed to ensure nobody is put in danger due to a hacked piece of hardware. Regardless of which standards are applicable to your product, let Product Safety Consulting be "Your Outsourced Compliance Department".
