Sixty-six per cent of those in Australia wanted personal control over collected data.
Around one-fifth of Australians felt that either the device manufacturer or their ISP should have access to the collected data.
Gardiner said the Internet of Things promised many benefits to end-users, but also presents grave security and data privacy challenges.
"Crossing these hurdles will require clever application of various security technologies, including remote connection authentication, virtual private networks between end-users and their connected homes, malware and botnet protection, and application security applied on premises, in the Cloud and as an integrated solution by device manufacturers."
The survey found consumers look to their government for data regulation with many respondents (42 per cent) around the world stated that their government should regulate collected data.
However, 11 per cent said that regulation should be enforced by an independent, non-government organization.
Here, 42 per cent agreed that the government should regulate collected data.
If a vulnerability was discovered in a connected home device, 48 per cent of all surveyed agreed that the device manufacturer is responsible for updating/patching their device.
However, nearly 31 per cent responded with "as a homeowner, it is my responsibility to make sure that the device is up to date."
Australians responded similarly with 43 per cent putting the responsibility on the device manufacturer.
The report has identifies a clear schism which has appeared with regard to how connected home devices should be secured.
In nearly equal proportion were those who replied, "a home router should provide protection," versus those who said, "my internet provider should provide protection."
Australia was similar to the rest of the world, having nearly a 40-60 split for home router and Internet provider, respectively.
Although homeowners report a willingness to pay more to enable their connected home, when asked what factors impact their buying decisions of connected home devices, the number one answer that was consistent in all countries was price, followed by features/functionality and then manufacturer brand.
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