If you are surprised then you are not in IT Security.
According to the article:-
Problem is that entrepreneurs are not security minded people. They have no experience with it and no budget,” he said. “And they don’t know why other people want to break their stuff.”
“the barrier to entry (for developers) is very low. It is cheap hardware with unlimited possibilities.”
They had found 19 vulnerabilities, including unencrypted storage of customer data, information leakage, poor password security, lack of authentication for customer data and poor mobile security in a single IoT device.
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