How bad is Internet security?

Security on the "Internet Of Things" is so bad that the Government is probably going to step in:

Infosec 2016 Government regulation of the Internet of Things will become inevitable as connected kit in arenas as varied as healthcare and power distribution becomes more commonplace, according to security guru Bruce Schneier. 

“Governments are going to get involved regardless because the risks are too great. When people start dying and property starts getting destroyed, governments are going to have to do something,” Schneier said during a keynote speech at the Infosecurity Europe trade show in London.

Probably right.  He talks about "connected" cars as well.  Recommended for a view into our future.