With the proliferation of IoT and cloud-connected devices, a new breed of cyber threat is emerging. There are now smart threats developed to target devices which are interconnected using the IoT technology and also the cloud. Since IoT devices are still fresh in the economy, they are being targeted more because they haven't yet been hardened to the threats that exist on the internet. IoT devices connect to the internet just like many other devices, but their security features are lacking, thus they are sitting ducks for hackers. The cloud is also seeing massive adoption from companies. This is a new frontier where hackers have moved their expertise to. The cloud is not the same as local servers, where organizations can closely monitor the security of their applications and sensitive information. If a wave of successful attacks sweeps through major cloud vendors, massive losses will be witnessed.