Security providers need to rethink basic security functions of IoT-enabled applications before they are put to market, says Promon founder and CTO of Norwegian app security firm Promon. Shodan found a teddy bear able to remotely send voice messages and a doorbell with a video monitor that can be remotely accessed by a phone. Unusual default passwords and poor app configuration were discovered as the most prominent flaws affecting these devices. By 2020 a black market worth more than $5billion will exist to sell sensor and video data extracted from IoT devices.”]

