Security engineers are working on technologies that can mitigate much of this risk, but many solutions won’t be deployed without government involvement. This is not something that the market can solve. Like data privacy, the risks and solutions are too technical for most people and organizations to understand; companies are motivated to hide the insecurity of their own systems from their customers, their users, and the public; the interconnections can make it impossible to connect data breaches with resultant harms; and the interests of the companies often don’t match the interests of the people.

The Internet of Things Will Turn Large-Scale Hacks into Real World Disasters

By the time that we have a certification model for IoT its probably going to be too late. This is probably the biggest risk to the development of the industry over the medium term.