IoT technology enables businesses to optimize processes, enhance product offerings, and transform the customer experience. While business leaders are excited about the business insights they will garner from connected devices, security and risk (S&R) pros struggle with disparate and sometimes immature security offerings that fail to properly secure deployments, leading to increased risk of data loss, physical damage, and revenue loss. This report outlines the current state of IoT security to help S&R pros understand what is possible and effective today.