That's a potential objection that didn't occur to me. I think the reason why is that the vast majority of home break-ins and burglaries aren't premeditated. They are addicts seeking stuff they can quickly sell for cash or random crimes of opportunity. Not criminal masterminds or international jewel thieves.
If it is a common concern I imagine the company could offer an encrypted option where the cloud data is never plaintext.
I believe it's the availability of the information (or lack thereof) that contributes to the low rate of intentional burglary. Addicts and opportunists don't generally know ahead of time which place has what stuff worth stealing, for now. If that data was available to them somehow, they might be more choosy, and you'd also increase the type of premeditated burglary that is currently kept low by the risk/reward balance leaning strongly towards risk.
correct. all it takes is one meth head telling buddies that it's the google for free electronics -- a perfect pivot for when they go public and sell the data further down the line, might as well just SaaS that part now.
Where did the data underlying that point come from?
There are organized rings of burglary and they come and go over time. Off the top of my head I can think of three or four that I personally have been exposed to including of course the one that had its own netflix special, the bling ring.
If it is a common concern I imagine the company could offer an encrypted option where the cloud data is never plaintext.