How Safe and Secure are Wearables?
The ‘wearable technology’ market has been exponentially growing in recent years and is expected to exceed 830 million devices by 2020 . One of the key drivers pushing this rapid expansion are fitness trackers, namely wristband tech and smartwatch apps which monitors our daily activity and health. But as we integrate wearables devices seamlessly into our everyday lives, what are the privacy and security risks they pose? How should wearable manufacturers and app developers be protecting consumers? Insurance company Vitality offers customers a heavily discounted Apple Watch to customers in return for their fitness routines and health data, the more activity you do each month, the greater your reward through a monthly discount. While t his exchange of information for rewards provides a great incentive for consumers to improve their health, the personal data consumers are sharing in return has a tangible value for the insurance company. However, providing an insurance compan...