The Internet of Things: A New Era of Third Party Risk was sponsored by Shared Assessments and conducted by Ponemon Institute to understand organizations’ level of awareness and preparedness for the upcoming enterprise IoT wave. We hope the research findings will help organizations address the risks associated with the proliferation of IoT devices. We surveyed 553 individuals who have a role in the risk management process and are familiar with the use of IoT devices in their organizations.

A key takeaway from this research is that accountability for managing third party risk is dispersed throughout the organization. Not having one person or function with ownership of the risk is a serious barrier to achieving an effective third part risk management program.