Although IoT can result in financial, health and safety, and
quality-of-life benefits, IoT can also introduce new risk. Any
new technology, process or business method can increase
risk, but IoT, because of its pervasiveness, has the potential
to increase risk significantly. Risk scenarios differ between
enterprises that manufacture and sell communication-capable
embedded systems and enterprises that are users
of these devices. This paper focuses on the potential risk
scenarios that are pertinent to users of IoT devices.
To evaluate risk holistically, numerous business, operational
and technical risk areas must be considered to balance the
business benefits described previously with new risk that is
introduced through IoT adoption (see figure 2).