At present, there is insufficient protection of an estimated 80% of IoT devices, a claim made by AdaptiveMobile.
Most of these devices have serious breaches in their security systems that can be easily exploited by the cyber criminals of the world.
For hackers, the current standard of encryption in IoT is easy to overcome and doesn't pose a sufficient obstacle. Moreover, the weak authentication requirements of these devices, such as auto-login for example, exposes your entire home and office network.
With the current security standards in IoT devices, it takes hackers less than 60 seconds to gain access to a network.
And it's not like they have a hard job since there are plenty of entry points that they can use to penetrate your security. All it takes is one vulnerable point–a single unprotected device like a smart TV, smartphone, or router– to compromise the whole network.