While such connectivity offers enhanced efficiency there is concern that with the fast growing IoT market, little attention has been given by manufacturers to data security which is often treated as an afterthought to innovation and other features for the so- called “smart” technology. IoT devices may therefore be delivered to consumers with well- known security vulnerabilities that could have been corrected in product development and prior to shipment. With the proliferation of these smart devices come legal concerns. Automobiles, medical devices, including pacemakers and insulin pumps may be vulnerable to cyber-attacks. When these devices are hacked they can be converted into a massive network of remotely controlled machines known as a botnet with severe consequences to hundreds of thousands of consumers. As more and more personal information is collected and stored by these devices they are becoming an increasingly popular target for hackers. Businesses that manufacture and sell IoT devices, as well as owners of networks, and consumers must consider what roles they play in mitigating the risks and liability of these new devices. Who is responsible for any cybersecurity weaknesses? What is an appropriate contract or disclaimer notice that can be attached to such a device? What insurance is available to cover such risks? What are best practices for cybersecurity and product development to assure data privacy and security for consumers? We are now also talking about how artificial intelligence or AI which allows systems to emulate human tasks without human intervention and that are connected with IoT devices. AI combined with IoT allows devices or systems to collect and exchange data without any human involvement.
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