Unpatched TRENDnet IP cameras still provide a real-time Peeping Tom paradise

Security is the reason to install a security camera, but if that live-streaming footage is made public for would-be criminals to study, then doesn’t pose a security risk? If a security camera is installed in a home, whether it is to watch the baby or the babysitter, if everyone who wanted to could also watch the surveillance footage as it happens, then isn’t that a privacy risk?
Ms. Smith’s blog