Researchers were able to discover a way to hack the Tapplock in less than an hour. The $100 smart padlock received positive reviews and media hype when it was released earlier this year. Researchers discovered several security issues enabling them to easily hack into and unlock the device. The company has issued a critical patch to fix the security holes in the padlock. The issue points to overarching issues in IoT devices particularly ones that are supposed to secure personal items and how the media and manufacturers approach IoT devices.
Source: https://threatpost.com/unbreakable-smart-lock-tapplock-issues-critical-security-patch/132918/