This report discusses the security and privacy challenges in IoT applications in all domains. It covers the background of IoT, popular domains, and the major security issues such as lack of encryption, data authentication, and hardware problems. The report also provides solutions to mitigate these challenges. The subject is IoT Security and Privacy Regime/Challenges and the course code is not mentioned. The report is relevant for students studying computer science, information technology, and cybersecurity. It is suitable for students from any college or university.