Or are you speaking of the transactional convention, in which people can break into systems, and then are entitled to publicity for that, so long as they give the vendor advance notice?
The whole responsible disclosure convention seems an imperfect compromise, among various imperfect actors. On occasion, individuals might decide that other options are more appropriate to the specific situation, and to Perfect Tommy it.
Can't software coders ever take responsibility? And this is on the programmer who implemented this, too. You just not let your product manager do this, ever. It's 2025 already.
And this is a security product, wtf? Residents should be suing individual programmers here. OWASP was created 24 years ago. Default credentials is like number 1 on their IoT app security list. Only a moron would not defend against this. If your manager requires this, you just send him:
https://wiki.owasp.org/index.php/OWASP_Internet_of_Things_Pr...
And tell him no. If he still wants it, you just report him to Reddit or whatever. :D
Best to get it out there, at least if you're stuck in one of these buildings you can log in and change the admin password yourself till your building management does something about it.