UK Government Planning on New Laws for IoT Devices Including a Mandatory Security Labelling Scheme.
An excellent study about IoT security conducted by a consortia of bodies led by the Royal Academy Of Engineering in the UK. The study hihglights the genuine and coordinated effort needed to improve the security of IoT.
The following infographic from ComputerScienceZone gives a good overview of the interconnected world we are starting to head towards. Source: ComputerScienceZone.org