Before the IoT really takes off I hope that they hire a couple of people to architect security and then hire a few more to review for holes.
The current security infrastructure is wholly inadequate. Before they hook up my fireplace, they need to fix it. 'They' here might include people like me, but whatever.
I wrote about the converging IoT more than ten years ago:
"All communications and part of the power grid are becoming a single transparent worldwide network. Communications devices and their power requirements are shrinking. It is technically possible, for instance to produce a camera with a 360x360 degree viewing range that is connected to the Internet and near invisible to the eye. When mass-produced, these devices would cost pennies or less per device. Privacy as we know it will become almost impossible within my lifetime. Webcams? They will be everywhere. Light bulbs will be monitored via the Internet because it will be cheaper to produce them with the device than without. "
"Countries once had near absolute sovereignty over their borders. International agreements have changed that. Expect this process to accelerate. "
"It is most important that people in our community (geeks who understand this stuff) work diligently to ensure that our transition to the converged, border-less, information rich world is sane and humane."
"Re: The public good -- what is it? What maximizes it? Somebody will be answering these questions and if they are the only voice heard, that's what we'll get. Frankly, the extension of copyrights, DMCA, the notion of 'Intellectual Property' (as if you could make such a bag and stuff Patents, Copyright, etc into it), FrankenFoods, etc. all act AGAINST the public good in my opinion."
"The networks will inevitably converge and they will be attached to just about everything. Guns and Bullets? The really dangerous stuff is probably already part of a network somehow and that trend will accelerate. How do guns and bullets get deployed and used? Somehow messages went out over a network and those messages resulted in the public will to deploy guns and the particular private orders that resulted in deploying and using them."