Cybersecurity concerns with the Internet of Things has achieved a milestone with the signing of the IoT CyberSecurity Improvement Act, or H.R. 1668, on December 4, 2020. The act requires the development, adoption and implementation of security standards for IoT devices by the federal government. While this is the first federal law targeting IoT device cybersecurity, a California law took effect on January 1, 2020 and the UK has IoT cyberseucirty regulatory efforts underway.
The IoT devices covered under the Act include any physical object that is capable of being in regular connection with the Internet or a network that is connected to the Internet, and that has computer processing capabilities of collecting, sending, or receiving data. This will likely cause a delay in product releases as vendors now have to consider security before rushing products to market.
In the end this is a good thing as IoT devices are everywhere and many have little to no security at all.