In the News
Technology continues to be in high demand. In Wearable spending forecasted to increase by 27% in 2020, Brian Heater at TechCrunch discusses how consumer spending on wearable technology is expected to increase in the coming year due to lower unit costs. Heater elaborates that this forecast is expected to mostly include smartwatch sales. Heater details that more brands have wearable offerings including Samsung, Fitbit, Apple and Xiaomi at a price point appealing to consumers.
Our Take
Wearable technology has been able to provide convenience, information, and style to many consumers’ lifestyles. Although many technologies started with high prices, affordability and variety currently offered make the devices highly sought after. Specifically for smartwatches, consumers can choose which product offering best fits their lifestyle and style preferences. As smartwatches and other wearable technology has become more affordable and practical for many consumers, they have become a more popular purchase. However, as these devices continue to increase in popularity and variety, it is critical that consumers still treat their wearables as pieces of technology including the many security risks that technology can be associated with. When considering a wearable purchase, make sure to research the items that you are considering, their data practices, and the legitimacy of the brand making the device. These devices contain vasts amounts of your personal information and go with you wherever your body moves, so it is of the utmost importance that you choose your options wisely.
Recommendations
How can you protect your privacy when using tech-related products?
- Understand the risks of putting your personal information into the world, and only share what you have to
- Always research products before making a purchase
- Change the default password when using a new device immediately
- Don’t reuse your account passwords, and take advantage of multi-factor authentication where possible.
- Check your email, financial accounts, and credit reports regularly for abnormal activities