Impact of security and privacy risks on the adoption of IoT: A state of the art

Abstract

Nowadays, Internet of Things (IoT) devices occupy a large part of our lives as consumers of these technologies or potential ones. Yet, they present significant privacy and security risks. These risks play a significant role in the potential consumers' decision-making process regarding the use of these smart devices along with other parameters such as price, availability, ergonomics etc. To understand how perceived risk affects the intention of potential consumers to use connected objects, research based on models combining IT security and data privacy on one hand and social and behavioral parameters on the other have been conducted. The results of these studies showed that perceived security and privacy risks have real impact on potential consumers' intention to use IoT devices. In this paper we have performed a review of the results of the conducted studies and highlighted the common findings regarding the impact of security and privacy risks. The results of this paper represent a state of the art of the main work done to date on this subject and form a foundation on which future studies can be based.