These guys can't even build a good lock.It's hard to say -- in general most of these start-ups (and even more established companies) simply don't know how difficult it is to do crypto properly. They also don't know that security-through-obscurity is a bad thing. Many honestly believe that rolling their own crypto and keeping everything proprietary has to be better because, after all, if the bad guys don't know how you're doing the crypto it must be more secure. So until I see something pointing in another direction, I'm willing to grant them the benefit of the doubt. But it still falls into the category of not doing due diligence when planning your project, so I'm not going to shed any tears over their troubles, either.
https://www.ftc.gov/system/files/documents/cases/192_3011_tapplock_complaint.pdf
Physically easily to compromise (screwdriver) CHECK, vulnerable to man in the middle attacks CHECK, poorly designed web site CHECK, motor not shielded from magnetic manipulation CHECK, etc.12. Despite these claims, Respondent’s smart locks were not secure. In June 2018, three separate security researchers identified critical physical and electronic vulnerabilities with Respondent’s smart locks.
13. With respect to physical security, one security researcher demonstrated that he could unlock some of Respondent’s smart locks within a matter of seconds, simply by unscrewing the back panel.
