Advances in the toy industry and interconnectedness resulted in rapid and pervasive development of Smart Connected Toy (SCT), which built to aid children in learning, socialization, and development. A SCT is a physical embodiment artifact that acts as a child user interface for toy computing services in cloud. These SCTs are built as part of Internet of Things (IoT) with the potential to collect terabytes of personal and usage information. They introduce the concept of increasing privacy, and serious safety concerns for children, who are the vulnerable sector of our community and must be protected from exposure of offensive content, violence, sexual abuse, and exploitation using SCTs. SCTs are capable to gather data on the context of the child user’s physical activity state (e.g., voice, walking, standing, running, etc.) and store personalized information (e.g., location, activity pattern, etc.) through camera, microphone, Global Positioning System (GPS), and various sensors such as facial recognition or sound detection. In this chapter we are going to discuss the seriousness of privacy implication for these devices, survey related work on privacy issues within the domain of SCT, and discuss some global perspective (legislation, etc.) on such devices. The chapter will conclude by proposing some common best practice for parents and toy manufactures can both adopt as part of Smart Connected Toy Privacy Common body of knowledge for child safety.