Final answer:
IoT companies may continue to build devices with substantial security flaws due to rapid technological advancement, planned obsolescence and underestimating security risks. the consequences of data breaches emphasize the need for improved online privacy and security through better individual and organizational practices.
Step-by-step explanation:
The question of why do IoT companies keep building devices with huge security flaws is multifaceted. One significant consideration is that technological innovation moves at a rapid pace, leading to a frequent rush to market. This can result in inadequate testing and shortcuts taken in security protocols to maintain competitiveness and ensure that products have the latest features that consumers demand. additionally, there is a business strategy known as planned obsolescence, which refers to manufacturers intentionally creating products with a limited lifespan so that consumers will have to replace them more frequently. This approach can sometimes overlook the importance of long-term security measures. Also, companies may not invest sufficiently in security due to cost concerns or because they underestimate the risk and potential impact of security breaches.
Moreover, as our society's reliance on technology increases, the potential impact of security vulnerabilities becomes more severe. The recent large-scale data breaches highlight the dire consequences of compromised security. Ensuring online privacy and security has become a crucial concern, not just for individuals but for organizations around the world.
To mitigate these concerns, increased security measures such as stronger passwords, two-factor authentication, and continuous education on avoiding scams are essential. Ultimately, consumers, companies, and governments need to prioritize and invest in stronger protections on websites and IoT devices to maintain trust and safeguard against threats.