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374The attack surface multiplies as new devices are added to the network While there are no published reports of attacks on these devices the connected devices remain vulnerable A hacker could steal vulnerable medical or financial in order to facilitate identity theft Moreover critical infrastructure such as power grids and water supplies are vulnerable to attack It is time for Governments the world over to regulate these devices According to a report formulated by the National Security Telecommunications Advisory Committee the federal government and companies that operate critical infrastructure like power grids and telecommunications systems have a window of only 3 5 years to secure and regulate the IoT Pathak Governments have a big responsibility to ensure data security One of the implications of government regulation is that it stifles innovation and investment There are ways to regulate IoT without the threat of killing innovation The best starting point for the government to emerge as a regulator of IoT is in its dual role that of an IoT user and that of the IoT infrastructure provider Pathak