The British parliament has approved a new provision that will ban the use of universal default passwords for Internet of Things (IoT) devices, which is expected to mitigate the risk of cyberattacks related to factory reset.
This new bill, known as the Product Security and Telecommunications Infrastructure Bill (PSTI), requires tech companies to use unique passwords for home IoT devices. Julia Lopez, from the Ministry of Media, Data and Digital Infrastructure, believes that this is a good measure for the fight against hackers, who always try to break into this kind of systems.
The authorities will impose fines equivalent to up to $12 million USD on companies that violate this regulation, so the British government expects the technology industry to rush to take the necessary measures to comply with this law.
On top of that, the new law also requires tech companies to be more transparent regarding security patches and updates to their products for home environments. It should be noted that the bill
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