Home Automation: Gains in Efficiency but Risks Are Uncertain

Frances O'BrienThe Internet of Things (IoT) is revolutionizing everyday life – how we communicate, manage our finances, monitor home activities, finish household chores… the list goes on. While this provides extraordinary efficiencies, there is a related downside: where there is data, there is threat of data breaches.

The number of connected devices used worldwide is anticipated to reach 20.8 billion by 2020, meaning simple, easy-to-remember passwords such as “1234” and “password” will need an upgrade. To best protect you, your family and your home from the various risks brought about by IoT devices, consider the following:

  • Use creative and unique passwords for different accounts and devices to limit the likelihood of a breach
  • Hire a third-party expert to ensure proper security standards are in place
  • Have your home security network checked on an annual basis to ensure your system is up-to-date with the latest safety features

For more information about potential IoT threats and how to best protect against the associated risks, visit: http://bit.ly/TA1016.

Fran O’Brien is Division President, North America Personal Risk Services, Chubb.

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