Almost 9/10 people have at least one IoT device

The majority of respondents said they had some IoT device in their homes. There was no significant gap between genders, but different age groups had different devices. Younger people were more likely to have smart speakers, game consoles, and children’s devices. In contrast, the likelihood of having no IoT devices went up with age. The number of devices also went up with income. This was more pronounced with devices that were part of house fixtures, such as security or heating and lighting.

More devices – less secure behaviors

The majority of respondents said they had some IoT device in their homes. There was no significant gap between genders, but different age groups had different devices. Younger people were more likely to have smart speakers, game consoles, and children’s devices. In contrast, the likelihood of having no IoT devices went up with age. The number of devices also went up with income. This was more pronounced with devices that were part of house fixtures, such as security or heating and lighting.

People tend to blame themselves

More than half of people believe that making sure their devices are safe is solely their responsibility rather than the manufacturers’. Unfortunately, this belief doesn’t reflect in their behavior, creating a privacy paradox. Even when they are aware of potential risks and believe it’s their responsibility to mitigate them, people don’t take any action. This behavior is mostly fueled by the belief that attacks only happen to other people, so users start caring about their privacy only after they’ve suffered from a hack themselves.

IoT sales are expected to continue rising

The history of IoT is a history of security and privacy problems. Nevertheless, these devices are going to dominate our homes, industries, and cities more and more. Statista reports that the worldwide IoT spending may reach over $1 trillion by 2023. More devices are likely to bring more issues and vulnerabilities that cybercriminals can exploit. However, with the growth of IoT, we also expect to see governments getting more involved, better regulation initiatives, and higher awareness among users.

Shared IoT security efforts

The best way to avoid IoT risks is not to buy any devices. But as neither users nor manufacturers would like this solution, all of us need to pick up the slack. Users must demand that companies follow the best security practices while taking better care of their own privacy. IoT manufacturers have to come up with additional ways to protect their devices and their users’ data. And government agencies need to regulate this process as the usage of IoT devices grows in both the private and public sectors.