This is a co-speaker session, featuring Ray Potter, who spoke at RSA '14 alongside his mentor and advisor, Whit Diffie, and Yier Jin, an Assistant Professor at the University of Central Florida who has earned recognition for his work cracking the Nest thermostat. As we are seven months away from the conference, with plenty of time for additional developments, please view these talking points and flow as a living framework. Their slide deck will be fully updated in early April 2015 to address new research and timely examples in addition to the Nest research. After short biographical introductions, Potter and Jin will begin by discussing current security and privacy concerns. This segment will cover IoT and Wearable devices that are available at the time of the conference, as well as exceptional examples that are rumored, upcoming, and potentially some that have already been discontinued. (Samsung Galaxy Gear watch, I'm looking at you!) Jin will continue into his own research on the Nest learning thermostat. He will address the infrastructure of the IoT poster child, including an assessment and security analysis of the firmware and hardware. Jin will continue, speaking specifically about the boot process and device initialization. Potter will share his thoughts with the attendees, engaging Jin in dialogue on the attack vectors of the Nest and other connected endpoints. This section of the talk will include discussion of the repercussions of the device vulnerabilities - worst case scenarios, including the enablement of other criminal activity, privacy leakage, and extensive attacks via the local network due to compromised IoT devices. The session will continue with Potter sharing his expertise on compliance, security standardization and encryption. This look at the upside of benchmarked assurance will give attendees food for thought in future innovation. Jin will offer insight on enhancing the design flow for security in the constrained devices, including secure boot protocols and hardware-supported trust computation. The duo will wrap up the presentation with an outlook on the burgeoning industry of connected devices. With their appreciation for innovation and technology, tempered by their professional expertise in security, Jin and Potter share an optimistic view for the future with significant caveats for consumers who hope to achieve ideal and safe results with IoT and Wearables.