Back to Case Studies
Pentest IoT Security

IoT Device Penetration Test for a Physical Security Integrator

Found a hardcoded, publicly-known administrator credential baked into the camera's firmware — identical across every unit of that model in the client's fleet — and delivered a phased remediation roadmap ahead of active botnet exploitation targeting the same device class.

Client: Ukrainian Physical Security & Video Surveillance Integrator

Industry
Physical Security · Video Surveillance
Engagement
Black-box + firmware-level penetration test · Single representative IP camera device, IoT scope
23
Total findings
1
Critical findings
Every unit, same model
Devices affected

Challenge

The client integrates and operates IP camera systems for its own customers' physical security. Camera hardware and firmware come from a single vendor across the fleet, and the client had no independent assurance the devices themselves — as opposed to the software layer they control — were sound. IoT camera botnets were an active, rising threat class, and a single systemic firmware flaw could compromise every deployed unit at once rather than one customer site.

Approach

Rather than a typical network-only device audit, the engagement went a layer deeper: web/API testing, IoT protocol exploitation across device management and streaming protocols, live traffic analysis, and full firmware reverse engineering — flash extraction, filesystem analysis, credential recovery, and boot-chain review. The goal was to test real-world exploitability, not just enumerate theoretical exposure.

Key Activities

  • ▸ Extracted and reverse-engineered the device firmware image — filesystem, boot chain, and update mechanism
  • ▸ Captured and analyzed live network traffic across the management API and device protocols
  • ▸ Recovered and cracked credential hashes pulled from firmware to confirm real-world, not theoretical, exploitability
  • ▸ Cross-referenced the underlying vendor platform against public vulnerability records and live botnet-activity intelligence
  • ▸ Mapped multi-step attack chains from initial network position through to full device takeover
  • ▸ Delivered a phased, priority-ordered remediation roadmap ranked by real-world exploitability, not just severity score

Results

✓ Identified a hardcoded, factory-set administrator credential in the device firmware — identical across every unit of that model — publicly known for years and still present in the firmware build shipped to the client
✓ Found management traffic was unencrypted by default, letting session credentials be captured and reused for full administrative control by anyone on the local network
✓ Confirmed the vendor's underlying platform was an active target of a Mirai-variant botnet that had already compromised roughly 30,000 devices worldwide
✓ Mapped four realistic attack chains — network interception, password-recovery abuse, operator-workstation compromise, and physical firmware access — each ending in full device takeover, one of which survives a full credential rotation

Business Impact

★ Gave the client hard, reproduced evidence of exactly how exploitable its camera fleet was — not vendor marketing claims — ahead of any real incident
★ Delivered a prioritized, phased fix roadmap the client's team could execute without needing in-house firmware security expertise
★ Connected the findings to live, real-world botnet activity, turning an abstract CVE reference into a concrete, urgent business-risk conversation

Technologies & Service Areas

Firmware Reverse Engineering IoT Device Testing Network Protocol Analysis Embedded Systems Security

Related Services

Client names and identifying details are withheld. This case study is a sanitized account shared with the client's consent.