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Assessing the security of IoT-based smart environments such as smart homes and smart cities is becoming fundamentally essential to implementing the correct control measures and effectively reducing security threats and risks brought about by deploying IoT-based smart technologies. The problem, however, is in finding security standards and assessment frameworks that best meets the security requirements as well as comprehensively assesses and exposes the security posture of IoT-based smart environments. To explore this gap, this paper presents a review of existing security standards and assessment frameworks which also includes several NIST special publications on security techniques highlighting their primary areas of focus to uncover those that can potentially address some of the security needs of IoT-based smart environments. Cumulatively a total of 80 ISO/IEC security standards, 32 ETSI …