Technology is the basis of the development of economic sectors, writes guest columnist Brad Smith. Among the fastest advancing technology is insuretech.
This technology promises to revolutionize the insurance industry and ensure consumers access this important service in an improved manner. But did you know that insuretech is prone to cybercrime? Insuretech firms mainly rely on the personal information of their clients to deliver their services. For instance, the data from a fitness application in your smartphone or the wearable technology will be used by the company to tailor services that are geared towards your needs.
Health wearables are an important technology as they help you keep track of important health aspects. More to that, they provide important data that will enable your insurer to create an insurance policy that fully meets your needs. However, wearable fitness devices make you vulnerable to security threats. In the past, health wearables could only record your steps. Modern wearables have the capacity to even record intricate details like your bowel movements. This means that crucial data may fall into the wrong hands thus posing a threat to your overall security. With your data insecure, hackers can not only access your private information but can also change it. So, how can you improve your security even as you use fitness wearables?
Most fitness wearables and applications put fitness first instead of privacy. This puts users at risk of being attacked virtually or physically. Fortunately, you can still use the fitness wearables and secure yourself using these steps.
Data is a key driver for insuretech. However, it may also be the downfall of this promising technology. Therefore, it is important that fitness apps and wearables have the proper privacy features that will ensure user data is not used for malicious activities.
Stanley Louis Szecowka
Editor/Journalist & Blogger, Restaurant & Motors Reviewer, FinTech Writer, Manager, Trainer.
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