Wearable Technology and the Benefit Trade Off. Who Wins?

Are consumers unknowingly giving away their personal data? How safe are you?

Wearable technologies like health bands, glasses,  and clothing, capture detailed information about an individual including personal health, location, and daily routines. Security risks are not just limited to identity theft or fraud but physical threats including stalking and more. According to Symantec, “all of the wearable activity-tracking devices examined, including those from leading brands, are vulnerable to location tracking.”

What is the trade off of benefit to risk with wearable technology and the Internet of Things? With the IoT and the potential for the volumes of data that will be gathered in the future, as consumers, we may choose the benefit without knowing the risk.

Who owns your collected data? Can insurance companies access your FitBit collected data and charge you a higher premium because of it? Did you know that each person has a unique heartbeat and the future of data security may include heartbeat biometrics? If your wearable technology is tracking your heart rate, can that data be captured for biometric security hacking? “Cardiac rhythms, finger veins and other internal biological signatures hold a wealth of differentiating features that may someday replace passwords and fingerprints.”

WearableGlassesTechnologyIn a 2014 article on ComputerWorld.com, the future of facial recognition software combined with technology based glasses presents a whole new set of privacy issues. “FacialNetwork.com’s recently released NameTag application for instance, will let “a user can simply glance at someone nearby and instantly see that person’s name, occupation and even visit their Facebook, Instagram or Twitter profiles in real-time,” according to the company.”

Perhaps we’ll all start wearing masks as a security measure.  I can’t wait!

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One thought on “Wearable Technology and the Benefit Trade Off. Who Wins?

  1. At this point one may wonder where it will end. I am a comic book reader, and in many works of fiction embedded technology can be found. Basically having cybernetic eyes or things along those lines, where the people are becoming the computers.

    And as far fetched as that sounds, I can remember when things like smart phones and smart watches were the things of fantasy and science fiction. So really it is a matter of when, not if.

    Like

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