Internet Of Things ,which is the network of physical gadgets with electronics and softwares, has revolutionized the world. In fact, not only this facilitates devices’ use but it also adds value to entreprises and organizational competitiveness. However, IOT has created new avenues of threats as it generates new forms of attacks. These devices represent a new set of targets for potential data exposure and crime. It is imperative that assurance, security and governance professionals take notice of the IoT trend, because it has the potential to redefine the risk equation .