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The increasing proliferation and deployment of ICT in the infrastructure of cities has increased interest in smart cities. The long-term objective of a smart city is to enhance the quality of services provided to citizens and ultimately improve their quality of life. However, incorporating ICT opens up various security and privacy issues in smart cities, along with the people living in them. We briefly present the fundamental design concepts of a smart city and review recent smart city initiatives and projects. After identifying several security vulnerabilities and privacy issues within the context of smart cities that must be addressed, we then discuss various privacy and security solutions, recommendations, and standards for smart cities and their services.