Ring security compromises could catalyze further smart home consolidation - Business Insider

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ICYMI: The persistence of smart home security issues, like the attacks on Ring video monitoring devices, could stifle product adoption:

of violence — was later circulated throughout mainstream media outlets. Ring said it had not suffered a data breach, but rather that user accounts had been individually hacked using account credentials compromised in other data breaches, according to Ars Technica.

Smart home companies risk such security lapses should they rely on end users to enact security measures. Amazon's Ring users the option to use two-factor security authentication on Ring products — which include video doorbells, security systems, security cameras, and smart lighting products — but it does not require them to do so. that two-step authentication could be inconvenient as it adds an extra step to accessing a device, and this could be one of the reasons it does not mandate use of the security feature.

Moving forward, Amazon should take extra security precautions for Ring, considering its products risk exposing children who cannot reasonably be expected to understand nor consent to the privacy considerations associated with Ring products. The persistence of smart home security issues could stifle consumer product adoption and push them toward more established companies in the market. More than 1 in 4 consumers across six major markets — the US, France, Canada, Australia, the UK, and Japan — refuse to buy a smart device out of security concerns, of smart home device breaches will likely reinforce the views of this demographic.

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