Nobody should be trusting a modem. You don't put your private keys on a modem. Your credit card number isn't saved on the modem.
So if hackers break into the modem, the worst they can do is shut off your internet. And if you really cared about reliability of your internet, you'd have two connections anyway.
There are considerable attack vectors opened up here... a quick glance at the front page shows:
> Change default DNS server
> Conduct remote man-in-the-middle attacks
> Hot-swap code or even the entire firmware
> Upload, flash, and upgrade firmware silently
> Disable ISP firmware upgrade
> Change every config file and settings
> Get and Set SNMP OID values
> Change all associated MAC Addresses
> Change serial numbers
> Be exploited in botnet
A simple change in DNS servers combined with man-in-the-middle attacks is enough to fool many people into entering CC details into rogue sites for example.
> You become vulnerable for all sorts of MITM attacks. The attacker now also has access to your LAN, which is usually trusted by all devices on it.
Good points; these two issues are quite different.
You could stop the network-access problem by putting an extra router (a secure one) between the modem and your local network, but that wouldn't save you from MITM.
Not all applications are, and there are specific automated downgrade attacks for encrypted comms that force some back to plaintext. Giving outsiders access to your internal network is rarely a good idea.
For most home users, the NAT on their router is also their firewall. It's akin to saying that it doesn't matter if someone can open your front door as they will only get access to the entrance hall...
So if hackers break into the modem, the worst they can do is shut off your internet. And if you really cared about reliability of your internet, you'd have two connections anyway.
Really this is a non-issue.