The Role Of End Users

The Role Of End Users

Crash Test Dummies. Not just a band.

Originally shared by Rick Wayne (Author)

The Internet of Things and death by a thousand cuts

I am writing this column in August, and have no doubt that the bill will have gone nowhere by the time you read it in October or later. If hearings are held, they won't matter. The bill won't have been voted on by any committee, and it won't be on any legislative calendar. The odds of this bill becoming law are zero. And that's not just because of current politics -- I'd be equally pessimistic under the Obama administration.

Markets, as we've repeatedly learned over the past century, are terrible mechanisms for improving the safety of products and services. It was true for automobile, food, restaurant, airplane, fire, and financial-instrument safety. The reasons are complicated, but basically, sellers don't compete on safety features because buyers can't efficiently differentiate products based on safety considerations. The race-to-the-bottom mechanism that markets use to minimize prices also minimizes quality. Without government intervention, the IoT remains dangerously insecure.
https://www.schneier.com/blog/archives/2017/10/iot_cybersecuri.html

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