Yeah, the entire IOT industry (including cameras) needs to do a better job of making their products secure. Even Nest was hacked a few months ago. The challenge is that a lot of manufacturers use linux as the OS to keep the price down (as opposed to developing their own OS) but either don't know what they are doing or don't care.
I think it's a good general practice to not blindly trust any of these devices and try to secure them yourself by means of a good firewall, not using default credentials, and not exposing stuff directly to the internet.
With cameras specifically, the question in my mind is which is worse: Doing the work to secure an IOT device on my own or trusting a cloud-hosted solution? IMO, any home security related device cannot rely on the internet to work. Just too many issues with downtime, latency, etc. A device that records locally and then backs up to the cloud is fine, just not one that directly records to the cloud like Nest, Arlo, Ring, etc.
I suppose it's a tradeoff though.
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