Cloud Storage And Chinese Cameras

I'm curious to get everyone's thoughts on the security concerns of cloud storage, especially related to Chinese manufactured cameras. There are thousands of cameras being sold into the U.S. all promoting they enable users to view live high-definition video on a smartphone from anywhere they have internet access. These cameras work by uploading video to an unknown server somewhere in the world. The companies owning these servers have access to all this video. In the case of Chinese manufacturers, there is also the possibility that the company is actually owned by the government. There are now IP cameras being sold for under $50 and they are being placed in homes and businesses all over the world. Are there any regulations on these companies? Do you think the normal person who is purchasing these cameras and placing them in their homes realizes that all their video can be monitored and accessed even though they have created a password on the unit? It just seems that we are exposing a lot of vulnerable information and there doesn't seem to be much discussion related to the security concerns related to another government having access to all this information.

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