The technological advancements in the Internet of Things (IoT) and related technologies lead to revolutionary advancements in many sectors. One of these sectors, is the industrial sector red that leverages IoT technologies forming the Industrial Internet of Things (IIoT). IIoT has the potential to enhance the manufacturing process by improving the quality, trace-ability, and integrity of the industrial processes. The enhancement of the manufacturing process is achieved by deploying IoT devices (sensors) across the manufacturing facilities; therefore, monitoring systems are required to collect (from multiple locations) and analyse the data, most likely in the cloud. As a result, IIoT monitoring systems should be secure, preserve the privacy, and provide real-time responses for critical decision-making. In this review, we identified a gap in the state-of-the-art of secure IIoT and propose a set of criteria for secure and privacy preserving IIoT systems to enhance efficiency and deliver better IIoT applications.