Internet of Things: Risk Management

IoT (Internet of Things) devices envisions a future where interoperable, reliable, secure and efficient digital devices communicate and linked by appropriate communication technologies. These digital devices help in generating big volumes of sensitive data with high processing speed. Such information is helpful in empowering users but imposes a great cost of data loss or data misuse. As data complexity, technology and pervasiveness grow, it becomes a strong argument to perform risk management. Our research contributes towards proposing a deep insight into IoT architectural components, factors shaping risks, attack vectors and their management strategies/counter measures. Furthermore, we have explored IoT capabilities, applications, challenges and opportunities in various fields. This state of art will make a case for developing new risk assessment methodologies and develop new ideas for exercising IoT opportunities by considering the heavy, big, dynamic, interoperable data processing.

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