IOT
“ New use cases can be deployed quickly , efficiently , and at relatively low cost , while patient outcomes are improved using machine learning ”
POUPAK KHODABANDEH SYNTIANT CORP
Bad actors can use Wi-Fi to exploit wearables Some wearable devices have proximitybased vulnerabilities and can be used by cybercriminals to harvest account information , says Ananth . Bad actors can use point-to-point networking , Wi-Fi networks , and other access methods to exploit wearables as entry points .
Ananth says wearable technology risks fall into three main categories . The first of these is cyber risks : insecure data transmitted via wearables could expose companies to class action lawsuits , costly fines and reputational damage .
The second category relates to bodily injury risks : malfunctioning devices can cause injuries , illnesses and even death . Device manufacturers may face a product liability lawsuit . The third area to monitor for risks covers technology errors and omissions : companies can be held liable for an economic loss from the failure of a device to work as intended .
But this increased complexity and the risks come with enormous opportunities for growth , as well as new products and services , says Ananth , particularly in the areas of cybersecurity and care for both children and the elderly .
“ Apart from remote health monitoring , IoT for elderly care has applications in home safety and security , fall detection , and prevention systems and interactions with the outside world ,” he says . “ However , the technology development in this space isn ’ t rapid and is yet to be addressed .”
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