As the number of drones increases and the era in which they begin to fill the skies approaches, an important question needs to be answered: From a security and privacy perspective, are society and drones really prepared to handle the challenges that a large volume of flights will create? In this paper, we investigate security and privacy in the age of commercial drones. First, we focus on the research question: Are drones and their ecosystems protected against attacks performed by malicious entities? We list a drone's targets, present a methodology for reviewing attack and countermeasure methods, perform a comprehensive review, analyze scientific gaps, present conclusions, and discuss future research directions. Then, we focus on the research question: Is society protected against attacks conducted using drones? We list targets within society, profile the adversaries, review threats, present a methodology for reviewing countermeasures, perform a comprehensive review, analyze scientific gaps, present conclusions, and discuss future research directions. Finally, we focus on the primary research question: From the security and privacy perspective, are society and drones prepared to take their relationship one step further? Our analysis reveals that the technological means required to protect drones and society from one another has not yet been developed, and there is a tradeoff between the security and privacy of drones and that of society. That is, the level of security and privacy cannot be optimized concurrently for both entities, because the security and privacy of drones cannot be optimized without decreasing the security and privacy of society, and vice versa.