Question - Should The Consumers Be Concerned About Security And Privacy Issues Considering The Amount Of Data Internet Of Things (iot) Collects?
Answer -
The various amounts of data collected by smart home devices, connected cars and wearables have many people worried about the potential risk of personal data getting into the wrong hands. The increased number of access points also poses a security risk.
The Federal Trade Commission has expressed concerns, and has recommended that companies take several precautions in order to protect their customers. The FTC, however, doesn’t have the authority to enforce regulations on IoT devices, so it is unclear how many companies will heed its advice.
For example, Apple requires that companies developing products for its HomeKit platform include end-to-end encryption and authentication and a privacy policy. The company also said it doesn’t collect any customer data related to HomeKit accessories.