(Bloomberg) -- Hijacking “smart” toasters and refrigerators and hacking corporate ventilation systems are among the new threats envisioned by cybersecurity experts as an increasing array of items are connected to the Internet.

The Internet of Things, a movement that seeks to control everything from factory equipment to traffic lights and household appliances through the Web, creates vast opportunities for improved efficiency and convenience. But unless companies address the emerging cybersecurity risks, the Internet of Things (or IoT) will fail, said Stephen Pattison, the vice president of public affairs at ARM Holdings Plc, the U.K. semiconductor company.

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