Botnet attack on one website costs IoT device owners $300k

A University of California, Berkeley Report reveals that the cost of malware- and botnet-affected devices could run into millions of dollars for their owners. A DDoS attack on a website run by a security journalist cost connected device owners nearly $324,000, according to research carried out by the Berkeley School of Information at the University of California at Berkeley. According to the report, around 24,000 devices were used as part of the Mirai botnet to attack the Krebs on Security website, run by veteran journalist, Brian Krebs. The attack was carried out back in September 2016, but researchers have only now explored how it and similar types of attack affect the devices that are caught up in them, as well as the owners of targeted sites.