Information and communication technologies (ICT) are changing the way people interact with each other. Today, every physical device can have the capability to connect to the Internet (digital presence) to send and receive data. Internet connected cameras, home automation systems, connected cars are all examples of interconnected Internet of Things (IoT). IoT can bring benefits to users in terms of monitoring and intelligent capabilities, however, these devices collect, transmit, store, and have a potential to share vast amount of personal and individual data that encroach private spaces and can be vulnerable to security breaches. The ecosystem of IoT comprises not only of users, various sensors, and devices but also other stakeholders of IoT such as data collectors, processors, regulators, and policy-makers. Even though the number of commercially available IoT devices is on steep rise, the uptake of these devices has been slow, and abandonment rapid. This paper explains how stakeholders (including users) and technologies form an assemblage in which these stakeholders are cumulatively responsible for making IoT an essential element of day-to-day living and connectivity. To this end, this paper examines open issues in data privacy and security policies (from perspectives of the European Union and North America), and its effects on stakeholders in the ecosystem. This paper concludes by explaining how these open issues, if unresolved, can lead to another wave of digital division and discrimination in the use of IoT.