Tech Firms, Retailers Propose Security and Privacy Rules For Internet of Things

chicksdaddy writes: As the Obama Administration and the rest of the federal bureaucracy hem and haw about whether and how to regulate the fast-growing Internet of Things, a group representing private sector firms has come out with a framework for ensuring privacy and security protections in IoT products that is lightyears ahead of anything under consideration inside the Beltway. The Online Trust Alliance — a group made up of such staunch civil liberties and privacy advocates as Target Stores (?), Microsoft and home security firm ADT — on Tuesday released a draft of its IoT Trust Framework (PDF), which offers voluntary best practices in security, privacy and what OTA calls "sustainability" (read "lifecycle management") for home automation, and wearable health/fitness technologies.