The potential impact of the IoT is vast, reaching to every aspect of technology, business and life, especially in consumers’ experience. The IoT connects remote assets and provides a data stream (and a stream of control system) between the assets and centralized management systems, offering the ability to integrate those assets into existing organizational processes to provide information on status, location, functionality, time, situation, condition, and possible threats.

Like other Internet based services, IoT based services are also being developed and deployed with less or without security consideration. Also, since the IoT usually deployed by different organizations and individuals to support a variety of applications in an organization. Therefore, by nature IoT devices and services are vulnerable to malicious cyber threats as they cannot be given the same protection that is received by enterprises services within the enterprise perimeter.

There are many possible security holes in IoT technology model which make possible several business security models are also available in IoT related business model. This research will focus on IoT security holes that will make possible for future IoT security business models.

Keywords: Internet of Things, Security Management, and Business model.