IoT devices can gather and send extensive quantities of personal and sensitive information. Hackers and malicious entities can exploit this data, resulting in identity theft, financial fraud, and various cybercrimes. Furthermore, the storage and access control systems of IoT devices frequently lack robust security measures, with prevalent vulnerabilities such as weak password protection and insecure software updates. The absence of standardized approaches to securing IoT devices adds to these risks, making it challenging to guarantee that they adhere to essential security standards.
We covered this topic in more detail in our earlier article, that you can read here. Alternatively, watch our video below for a quick rundown of how IoT impacts privacy and data security.