With more than 40 million installed smart home systems at the end of this year, North America is the most advanced smart home market in the world. According to PreciseSecurity.com research, a strong upward trend is expected to continue in the following years, with market revenue reaching $49.5bn by 2023.

Enormous fines imposed for data breaches in 2019 prove that regulators have become severe about penalising companies and organisations that don't adequately protect consumer information. According to PreciseSecurity.com research, the ten most significant GDPR breaches in 2019 have caused €402.6 million fines in total. The three highest data breach penalties in 2019 make nearly 90% of this sizeable amount.