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Radanliev, Petar
De Roure, Dave
Cannady, Stacy
Mantilla Montalvo, Rafael
Nicolescu, Razvan
Huth, Michael
Year of Publication: 
[Title:] Living in the Internet of Things: Cybersecurity of the IoT - 2018. IET Conference Proceedings [ISBN:] 978-1-78561-843-7 [Publisher:] The Institution of Engineering and Technology [Place:] London [Pages:] 1-9
This paper is focused on mapping the current evolution of Internet of Things (IoT) and its associated cyber risks for the Industry 4.0 (I4.0) sector. We report the results of a qualitative empirical study that correlates academic literature with 14 - I4.0 frameworks and initiatives. We apply the grounded theory approach to synthesise the findings from our literature review, to compare the cyber security frameworks and cyber security quantitative impact assessment models, with the world leading I4.0 technological trends. From the findings, we build a new impact assessment model of IoT cyber risk in Industry 4.0. We therefore advance the efforts of integrating standards and governance into Industry 4.0 and offer a better understanding of economics impact assessment models for I4.0.
IoT Cyber Risk
IoT risk analysis
IoT cyber insurance
IoT MicroMort
Cyber Value-at-Risk
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Document Type: 
Conference Paper
Document Version: 
Manuscript Version (Preprint)
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