Let's look at one minute fraction of IOT Covey. This may not apply to you.
Internet cameras, cheap and easy to install. Go to your local computer store and they can be had for cheap. Do you realize how many people don't know to change the "default" password on these IOT devices? These cameras leak to the internet, and if you know how to search, easily found. Ever hear of baby monitors being "hacked"? They aren't being hacked, they are made very easy to access.
Go to
http://www.insecam.org and you can watch thousands and thousands of live personal private cameras that people have installed inside and outside of their homes, and these folks have no clue. Insecam has filtered out most of the ones that are in peoples bedrooms and such.
But how does it affect you? Do you do online banking at all? Do you have to log in - or did you save your password so it automatically logs in? These passwords are easily exposed.
Do you even know if you have a virus on your computer? or do you trust antivirus 100%? Do you have any understanding of how hackers can gain access to your bank accounts through viruses or simple man in the middle attacks? Likely not. These are minute examples my friend.
There's a reason identity theft is so easy. Compromised credit and bank cards, many on this forum have been affected by it and have no clue how it happened.
But, now we're really off track. Start a new thread if you wish to discuss further - I have to go to work.