The IoT poses emerging security challenges. Between 50bn and 100bn devices are expected to be connected to the internet by 2020 according to an Oliver Wyman report.
Many of these devices will be smart devices which lack strong security features and often do not have regular product support or updates, making them vulnerable to attack. The new connectivity that comes with smart devices can see an organisation exposed to new threats that have not been considered or mitigated. Companies that design and manufacture or service IoT devices face a variety of cyber exposures, as do companies that deploy IoT devices.