It's like video doorbells w/secure locks. You see the commercials. Only idiot amateur crooks would try to access the house or steal a package when they see the doorbell. IoT must make "cyberhacks" laughing at how easy it is to bypass any "protect your home" electronic lock.
This "ingenious" pad lock sold itself to many who crowd sourced it but who never even thought for a second how easy it would be to bypass it.
For me, as insecure as some might claim, traditional locks are the way to go. Yes my car has a smart lock (no options not to have one) but I am careful to try to avoid usaing my remote in parking lots. It's really too bad as ideas like this smart padlock are interesting but oversold on the security aspect.
Oh, as they are manufactured in China, it also makes me feel much better as I really trust the Chinese government and their companies :-)