Bosnia and Herzegovina is experiencing rapid growth in IoT device deployment, with an estimated 4.2 million connected devices by 2026. Despite this expansion, cybersecurity threats are rising, with an average of 320 breaches per month, indicating significant vulnerabilities in the IoT ecosystem. The financial impact of these incidents is estimated at around $45 million, underscoring the need for improved security measures and awareness among users and providers.
A concerning trend is the high percentage of outdated firmware in IoT devices, at 28%, which increases susceptibility to cyberattacks. The total reported IoT cyber attacks in 2026 reach nearly 3,840, reflecting the growing cyber threat landscape. Strengthening security protocols and updating firmware regularly are crucial steps to protect infrastructure, businesses, and consumers in Bosnia and Herzegovina.