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Internet of Things (IoT) Cybersecurity: Literature Review and IoT Cyber Risk Management

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  • In Lee

    (School of Computer Sciences, College of Business and Technology, Western Illinois University, Macomb, IL 61455, USA)

Abstract

Along with the growing threat of cyberattacks, cybersecurity has become one of the most important areas of the Internet of Things (IoT). The purpose of IoT cybersecurity is to reduce cybersecurity risk for organizations and users through the protection of IoT assets and privacy. New cybersecurity technologies and tools provide potential for better IoT security management. However, there is a lack of effective IoT cyber risk management frameworks for managers. This paper reviews IoT cybersecurity technologies and cyber risk management frameworks. Then, this paper presents a four-layer IoT cyber risk management framework. This paper also applies a linear programming method for the allocation of financial resources to multiple IoT cybersecurity projects. An illustration is provided as a proof of concept.

Suggested Citation

  • In Lee, 2020. "Internet of Things (IoT) Cybersecurity: Literature Review and IoT Cyber Risk Management," Future Internet, MDPI, vol. 12(9), pages 1-21, September.
    • Handle: RePEc:gam:jftint:v:12:y:2020:i:9:p:157-:d:415422
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    References listed on IDEAS

    as
    1. Lee, In & Lee, Kyoochun, 2015. "The Internet of Things (IoT): Applications, investments, and challenges for enterprises," Business Horizons, Elsevier, vol. 58(4), pages 431-440.
    2. Atlanta Chakraborty & Vijay Chandru & M. R. Rao, 2020. "A linear programming primer: from Fourier to Karmarkar," Annals of Operations Research, Springer, vol. 287(2), pages 593-616, April.
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    Cited by:

    1. Traian Mihai Popescu & Alina Madalina Popescu & Gabriela Prostean, 2021. "IoT Security Risk Management Strategy Reference Model (IoTSRM2)," Future Internet, MDPI, vol. 13(6), pages 1-43, June.
    2. Henock Mulugeta Melaku, 2023. "Context-Based and Adaptive Cybersecurity Risk Management Framework," Risks, MDPI, vol. 11(6), pages 1-22, May.
    3. Tong Chen & Mo Wang & Jin Su & Rana Muhammad Adnan Ikram & Jianjun Li, 2023. "Application of Internet of Things (IoT) Technologies in Green Stormwater Infrastructure (GSI): A Bibliometric Review," Sustainability, MDPI, vol. 15(18), pages 1-22, September.
    4. Galeone, Graziana & Ranaldo, Simona & Fusco, Antonio, 2024. "ESG and FinTech: Are they connected?," Research in International Business and Finance, Elsevier, vol. 69(C).
    5. Corinna Köpke & Jennifer Mielniczek & Christoph Roller & Kerstin Lange & Frank Sill Torres & Alexander Stolz, 2023. "Resilience management processes in the offshore wind industry: schematization and application to an export-cable attack," Environment Systems and Decisions, Springer, vol. 43(2), pages 161-177, June.
    6. Mohammed Balfaqih & Soltan Abed Alharbi, 2022. "Associated Information and Communication Technologies Challenges of Smart City Development," Sustainability, MDPI, vol. 14(23), pages 1-27, December.

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