We don't live in a world where we can assume that information we store online is safe. These days, Jennifer Lawrence's private photos stored on the cloud are no safer than yours or mine. Indeed, as many experts point out, it's not much of a stretch to label hackers neo-terrorists.
While IoT devices are becoming increasingly popular, their rise is worrisome to security experts because the personal data available provides information to conduct sophisticated social engineering attacks. Couple the information available with inherent threats and trouble is inevitable.