Is there a room for security and privacy in IoT?

Internet of things (IoT) continues to the draw attention of academics and researchers across the globe, since it represents the future of ubiquitous Computing. This is triggered by number of both digital and physical objects connecting to each other using ICT technologies, platforms and the internet to facilitate the whole processes of connectivity and services provision. With this massive connectivity of objects and devices forming the IoT, comes a great responsibility in terms of confronting new sets of challenges ranging from IoT security threats, ethics and privacy. In this paper we present the survey into the security aspect of IoT.