Though we in tech-savvy circles have been talking about the Internet of Things for years now, connected device ecosystems are still a relatively young area, with security standards not universally acknowledged or even set. The Osram Lightify Smart Light Bulb system (seen as an affordable alternative to Philips Hue) is one such range that could potentially fall foul of a hack attack – it's been singled out as being particularly vulnerable to hackers.
In addition, the smart bulbs' relatively short eight-character passwords could also be cracked quite easily, giving another avenue for hackers to explore. The associated iPad app even goes as far as storing passwords in plain text, right next to the SSID.
Nine flaws in total have been identified, and though Osram claimed it was to be patching out all but two lesser problems, four remain according to The Register. For anyone using the Osram smart bulbs, it might be wise to dig out the candles instead.[Rapid7]