The economics of the security of consumer-grade IoT products and services

This study for the Internet Society assesses the state of security on consumer Internet of Things devices and the economic factors behind the weak security on many devices. It then draws upon these insights to offer policy recommendations for improving device security. Founded by the early pioneers of the Internet in 1992, the Internet Society is a global cause-driven organisation working for an open, globally-connected, secure, and trustworthy Internet for everyone. With members, chapters and offices around the world, the Internet Society engages in a wide spectrum of Internet issues – including policy, governance, technology and development – to address the challenges facing the Internet today and to shape its tomorrow. The authors are grateful for the research inputs contributed by the Internet Society, and for its input in reviewing the report.