  This article is focused on the economic impact assessment of Internet of
Things (IoT) and its associated cyber risks vectors and vertices - a
reinterpretation of IoT verticals. We adapt to IoT both the Cyber Value at Risk
model, a well-established model for measuring the maximum possible loss over a
given time period, and the MicroMort model, a widely used model for predicting
uncertainty through units of mortality risk. The resulting new IoT MicroMort
for calculating IoT risk is tested and validated with real data from the
BullGuard's IoT Scanner - over 310,000 scans - and the Garner report on IoT
connected devices. Two calculations are developed, the current state of IoT
cyber risk and the future forecasts of IoT cyber risk. Our work therefore
advances the efforts of integrating cyber risk impact assessments and offer a
better understanding of economic impact assessment for IoT cyber risk.
