The Internet of Things (IoT) is the next technological leap that will introduce significant improvements to various aspects of the human environment, such as health, commerce, and transport. The IoT represents a technologically optimistic future, where the objects will be able to utilize the Internet and make intelligent collaborations with each other anywhere and anytime. In particular, the IoT combines a wide range of technologies, such as sensors, actuators, Internet, cloud computing as well as many communication infrastructures. As the IoT continues to become more hyperconnected it will be imperative that cyber security experts to develop new security architectures for multiple platforms such as mobile devices, laptops, embedded systems, and even wearable displays. The futures of national and international security rely on complex countermeasures to ensure that a proper security posture is maintained during this state of hyperconnectivity. The heterogeneity of various technologies which the IoT combines increases the complexity of the security processes, since each technology is characterized by different vulnerabilities. Furthermore, the tremendous amounts of data which is generated by the multiple interactions between the users and objects or among the objects make harder their management and the functionality of the access control systems. To protect these systems from exploitation of vulnerabilities it is essential to understand current and future threats to include the laws that drive their need to be secured.