Risk: Moderate

Starting a cybersecurity for IoT side hustle from scratch can be risky, especially for someone who can't afford to lose money. Beginners in this field could potentially lose both time and money if they are not careful. There are startup costs involved in setting up the necessary infrastructure and obtaining cybersecurity certifications which may not pay off immediately. Online discussions reveal instances where beginners have spent money without seeing significant returns. Overall, there is a moderate risk of losing money and time when starting a cybersecurity for IoT side hustle.