Pinpoint Risks Of Unauthorized Access To Devices

While companies assess the risks of data loss, strategists should also look at the risks of the new connected devices themselves that may make a future appearance in the workplace.

Rege said that companies should quantify the risk of unauthorized access to any new devices in the workplace, should the devices fall in the wrong hands.

"For example, if a factory automation device in a manufacturing floor or smart medical device in a hospital is compromised, it could have significant negative impact on the business," said Rege.