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Under the IoT umbrella comes a huge range of interconnected devices and applications, ranging from CCTV to IP connectivity to wearables that accumulate and generate cascades of data. Although IoT devices have improved connectivity to a great extent, the unavoidable question that persists is—why and how IoT poses security concerns for individuals and enterprises alike? With the sheer amount of data at disposal, IoT devices provide an easy entry for data intruders and hackers. Owing to the connectivity of these devices to the internet, the impact of a compromised appliance can prove detrimental to users’ privacy. While large-scale enterprises and safety-critical systems often have the resources—security experts and capital—to fortify their IoT devices, even something as simple and cost-effective as a smart refrigerator can be hacked into by malicious bad actors. Even if the data from IoT tools are in the cloud, the prospect of hackers gaining access to that data must be considered.