ITIF's Center for Data Innovation has filed comments with the U.S. Consumer Product Safety Commission regarding the Internet of Things and consumer product hazards. CPSC should pay more attention to some of the unique cybersecurity risks that exist with IoT devices, but it should not pursue any prescriptive regulations for device security. Additionally, over the long term, the goal of lawmakers and regulators should be to reduce information asymmetry in the market for secure IoT devices, such as by encouraging companies to go beyond the letter of the law to share more information with consumers about their security practices, much like companies publish privacy policies.
