Most of the IoTs billions and billions of connected devices remain catastrophically insecure, lacking what experts call the most basic security hygiene The flaws include hard-coded credentials, simple and default user names and passwords and the lack of any way to patch or update exploitable vulnerabilities. The FTC has steadily developed a track record of success in bringing actions against companies for security failures, ranging from a breach of the Wyndham Hotel chain to TRENDNet over flaws in its security cameras.”]
Source: https://www.csoonline.com/article/3166601/can-the-ftc-save-the-iot.html