Inherent IoT insecurity and customer convenience are two sides of the same coin. Vendors fail to implement proper safeguards (sometimes omitting them intentionally for the sake of convenience), and customers might switch to a competitor if they dont get plug-and-play functionality. The attack on security heavyweight Brian Krebs website in 2016 cost the owners of the IoT devices involved in the botnet an estimated $320,000. Researchers at UC Berkeley School of Information have calculated the actual costs of hacks on IoT devices.”]