IoT devices can be used to fulfil many of our daily tasks. IoT could be wearable devices, home appliances, or even light bulbs. With the introduction of this new technology, however, vulnerabilities are being introduced and can be leveraged or exploited by malicious users. One common vehicle of exploitation is malicious software, or malware. Malware can be extremely harmful and compromise the confidentiality, integrity and availability (CIA triad) of information systems. This paper analyzes the types of malware attacks, introduce some mitigation approaches and discusses future challenges.