This chapter presents a security analysis of a smart home network containing vulnerable dynamic agents in the form of smart toys. As a case study, a smart toy is used as an example of an Internet of Things (IoT) device which could be potentially used as a vector into the smart home network. This chapter discusses a threat model for smart home security with a focus on the smart toy as an entry point into the network and what a threat actor could potentially achieve through this relatively new type of threat to the home.