The Internet of Things (IoT) has revolutionized technology by enabling seamless connectivity and automation across various domains. However, this rise introduces unprecedented security risks, from data breaches to physical harm. This project aims to develop a comprehensive IoT Security Risk Management System (IoT-SRMS) to identify, assess, and mitigate these security risks. Utilizing advanced risk assessment methodologies and real-time threat detection, the proposed IoT-SRMS is expected to significantly enhance IoT security management.

The Internet of Things (IoT) has ushered in a new era of connectivity, transforming how we interact with the digital world and revolutionizing industries ranging from healthcare and manufacturing to transportation and smart cities. By interconnecting billions of devices, sensors, and systems, IoT has enabled unprecedented levels of automation, efficiency, and convenience. The naturally interconnected nature of IoT ecosystems, coupled with the diverse range of devices and communication protocols, creates complex attack surfaces that adversaries can exploit. Security vulnerabilities in IoT devices, such as weak authentication, insecure communication channels, and lack of update mechanisms, pose serious threats to data privacy, system integrity, and user safety.

As IoT adoption continues to grow across industries and sectors, the need for effective risk management strategies to mitigate these security risks becomes paramount. A robust IoT Security Risk Management System (IoT-SRMS) is essential for identifying, assessing, and mitigating security threats in IoT ecosystems, ensuring the integrity, confidentiality, and availability of connected devices and data.