Preprint Article Version 1 This version is not peer-reviewed

Cyber Risk in IoT Systems

Version 1 : Received: 7 March 2019 / Approved: 8 March 2019 / Online: 8 March 2019 (08:50:49 CET)

How to cite: Radanliev, P.; De Roure, D.C.; Maple, C.; Nurse, J.R.; Nicolescu, R.; Ani, U. Cyber Risk in IoT Systems . Preprints 2019, 2019030104 (doi: 10.20944/preprints201903.0104.v1). Radanliev, P.; De Roure, D.C.; Maple, C.; Nurse, J.R.; Nicolescu, R.; Ani, U. Cyber Risk in IoT Systems . Preprints 2019, 2019030104 (doi: 10.20944/preprints201903.0104.v1).

Abstract

In this paper we present an understanding of cyber risks in the Internet of Things (IoT), we explain why it is important to understand what IoT cyber risks are and how we can use risk assessment and risk management approaches to deal with these challenges. We introduce the most effective ways of doing Risk assessment and Risk Management of IoT risk. As part of our research, we also developed methodologies to assess and manage risk in this emerging environment.  This paper will take you through our research and we will explain: what we mean by the IoT; what we mean by risk and risk in the IoT; why risk assessment and risk management are important; the IoT risk management for incident response and recovery; what open questions on IoT risk assessment and risk management remain.

Subject Areas

cyber risk; Internet of Things; cyber risk impact assessment; cyber risk estimation; cyber risk insurance

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