This report examines a number of security considerations in the context of the Internet of Things (IoT), notably at the hardware and design levels. The first part looks at the security issues associated with the IoT and the reasons behind the IoT’s vulnerable state of affairs. The second part analyzes how security can be applied at the hardware level, and the various possibilities for embedding security and producing a secure IoT product development context. The final part looks at some of the player spearheading the IoT security market in terms of secure hardware integration, design and testing.