The discovery of the Eleven11bot botnet, which has rapidly infiltrated over 86,000 IoT devices, has sent shockwaves through the cybersecurity world. With direct implications for enterprise resilience and digital infrastructure, investors are taking note of the companies solving these high-stakes vulnerabilities before they escalate.
The swift rise of the Eleven11bot botnet, which has already compromised tens of thousands of Internet of Things (IoT) devices, highlights the urgent and growing risks posed by unsecured endpoints across global networks. First identified by The Shadowserver Foundation, the botnet is actively exploiting vulnerable devices like security cameras and network video recorders, transforming them into tools for large-scale distributed denial-of-service (DDoS) attacks. These attacks have targeted critical sectors such as telecommunications and online gaming, disrupting services and demonstrating the immense impact a single botnet can have on global infrastructure.
The consequences of this kind of cyber threat ripple far beyond momentary disruptions. For businesses, DDoS attacks represent a severe operational risk—causing prolonged outages, lost revenue, and considerable recovery costs. When these attacks originate from within, through compromised IoT devices, they often go undetected until the damage is done. Worse still, the reputational fallout from such breaches can erode customer trust and provoke regulatory scrutiny, adding further cost and complexity to an already high-stakes issue.
The root of the problem lies in the nature of IoT devices themselves. Designed primarily for function rather than security, many are shipped with factory-default credentials and outdated firmware. These endpoints typically lack encryption, endpoint detection, and real-time monitoring—making them attractive entry points for cybercriminals. As they often exist on the edge of enterprise networks, without sufficient segmentation or oversight, they allow attackers to move laterally once access is gained, amplifying the threat across broader systems.
Addressing this exposure requires more than just reactive measures—it demands visibility, intelligence, and control. This is precisely where Device Authority’s KeyScaler Discovery tool comes into play. Built to give organisations full transparency into every device on their network, it delivers an actionable inventory of IoT and OT assets, complete with vulnerability assessments. From identifying weak credentials and expired certificates to flagging unpatched firmware, the tool provides a clear, prioritised roadmap for remediation.
Beyond discovery, Device Authority’s KeyScaler platform ensures long-term security by managing device identities at scale. By automating the provisioning, authentication, and continuous monitoring of each device, KeyScaler effectively shuts down the weak spots botnets like Eleven11bot rely on. The platform enforces secure credential rotation, policy-based access, and lifecycle management—all of which are essential to establishing a zero-trust environment in today’s hyperconnected enterprise landscape.
The emergence of Eleven11bot is a powerful reminder of how overlooked devices can become gateways for systemic disruption. For organisations—and the investors backing their security posture—the message is clear: robust IoT security infrastructure isn’t optional, it’s foundational to digital resilience.
Device Authority is a leader in IoT identity and access management, enabling secure onboarding, credential management, and lifecycle monitoring for connected devices across diverse enterprise environments.
Tern plc (LON:TERN) backs exciting, high growth IoT innovators in Europe. They provide support and create a genuinely collaborative environment for talented, well-motivated teams. Device Authority is focused on securing connected device ecosystems and is recognized as the global leader in Device Identity Lifecycle Management and Identity and Access Management (IAM) for the Internet of Things (IoT).
