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Interconnecting "things" and devices that take the form of wearables, sensors, actuators, mobiles, computers, meters, or even vehicles is a critical requirement for the current era. These internetworked connections are serving the emerging applications home and building automation, smart cities and infrastructure, smart industries, and smart-everything. However, the security of these connected Internet of things (IoT) plays a centric role with no margin for error. After a review of the relevant, online literature on the topic and after looking at the market trends and developments, one can notice that there are still concerns with regard to security in IoT products and services. This paper is focusing on a survey on IoT security and aims to highlight the most significant problems related to safety and security in the IoT ecosystems. This survey identifies the general threat and attack vectors against IoT devices while highlighting the flaws and weak points that can lead to breaching the security. Furthermore, this paper presents solutions for remediation of the compromised security, as well as methods for risk mitigation, with prevention and improvement suggestions.