New IoT Security Regulations
It falls upon lawmakers to create laws that protect consumers. While the US government is largely absent in this area of consumer protection, the state of California has recently stepped in and started regulating the Internet of Things, or "IoT" devices sold in the state -- and the effects will soon be felt worldwide.
California's new SB 327 law, which will take effect in January 2020, requires all "connected devices" to have a "reasonable security feature." The good news is that the term "connected devices" is broadly defined to include just about everything connected to the Internet. The not-so-good news is that "reasonable security" remains defined such that companies trying to avoid compliance can argue that the law is unenforceable.
The legislation requires that security features must be able to protect the device and the information on it from a variety of threats and be appropriate to both the nature of the device and the information it collects.
Read more at Schneier on Security