The Internet of Things (IoT) has become an integral part of today’s smart and digitally connected world. IoT devices and technologies now connect almost every aspect of daily life, generating, storing, and analysing vast amounts of data. One important use of IoT is in utility management, where essential services such as water are supplied through IoT-enabled infrastructure to ensure fair, efficient, and sustainable delivery. The large volumes of data produced by water distribution networks must be safeguarded against manipulation, theft, and other malicious activities. Incidents such as the Queensland user data breach (2020–21), the Oldsmar water treatment plant attack (2021), and the Texas water system overflow (2024) show that attacks on water treatment plants, distribution networks, and supply infrastructure are common in Australia and worldwide, often due to inadequate security measures and limited technical resources. Lightweight cryptographic algorithms are particularly valuable in this context, as they are well-suited for resource-constrained hardware commonly used in IoT systems. This study focuses on the in-house developed ChaosFortress lightweight cryptographic algorithm, comparing its performance with other widely used lightweight cryptographic algorithms. The evaluation and comparative testing used an Arduino and a LoRa-based transmitter/receiver pair, along with the NIST Statistical Test Suite (STS). These tests assessed the performance of ChaosFortress against popular lightweight cryptographic algorithms, including ACORN, Ascon, ChaChaPoly, Speck, tinyAES, and tinyECC. ChaosFortress was equal in performance to the other algorithms in overall memory management but outperformed five of the six in execution speed. ChaosFortress achieved the quickest transmission time and topped the NIST STS results, highlighting its strong suitability for IoT applications.