Internet of Things (IoT) Security Risks: Challenges for Business

IoT has defied the norms of conventional network system architecture, which is separated physically and functionally. Consequently, new vulnerabilities and unanticipated cyber threats have emerged, ready to be exploited by malicious actors. Consequently, enterprises face security difficulties. It is essential to comprehend IoT challenges and their mitigation strategies. The questionnaire method was utilized for data collection in this study. The study sample is comprised of individuals who hold IT positions in small and medium-sized businesses (SMEs) in the Kingdom of Bahrain. The questionnaire consists of ten items investigating vulnerable aspects of IoT infrastructure, controls currently employed to protect against IoT risks, IoT security drivers, and enterprise controls to be improved. Investing in IoT today may result in better productivity, performance, and efficiency, as well as additional information and insight into operations. Because IoT activities are expanding faster than operators and asset owners can respond, it is vital to maintain a laser-like focus on business risks. The paper concludes with suggestions for how businesses can mitigate IoT security risks.