Outline Security Actions

Once they identify security risks for devices and data, businesses need to develop a reactive plan in case the security of an IoT-related device containing sensitive company information becomes compromised.

"Define the associated security actions to be triggered, such as the circumstances under which a device that is compromised would be taken off the connected network," said Rege.

In addition, companies should look at the security measures already built in to new connected devices. For example, a smartwatch may require a passcode login if a new user puts it on.