Can Wearables Threaten Business Cybersecurity?

Wearable devices are being lauded by futurists as the next big step in human evolution or, at the very least, a burgeoning consumer trend. Either way, wearables are likely to increase in popularity. Combined with the advent of the Internet of Things, we could see more wearable devices integrated into our personal and professional lives.

But are these technologies safe to bring into the workplace? Will they create more entry points for hackers to exploit? CyberPolicy examines these questions below and prescribes solutions for dealing with security gaps.

Meanwhile, the best way to insulate your business against the financial ravages of a data breach or cyberattack is to partner with cyber insurance providers. Visit CyberPolicy for your free quote comparison today!

What You Need to Know
Wearables come in all shapes and sizes, from smartwatches and fitness trackers to smart shoes and healthcare monitors. While these products are very exciting for users and techies, cybersecurity experts worry these consumer technologies lack the security features needed to ward off an attack.

For some of you, this might sound eerily similar to the discussion surrounding IoT technologies and 'bring your own device' (BYOD) workplace policies. For instance, IoT products are notorious lacking in even the most basic security protocols. BYOD policies, on the other hand, raised concerns that users might unknowingly contract malicious software and bring it into the office; or that they may be more prone to data breaches by working from a less secure network at home.

However, the security concerns surrounding wearables is a bit different. Let's say an employee uses their wearable to track their exercise goals. This fitness junkie bikes to and from work, always takes the stairs and goes for a brief walk in the late afternoon.

The information tracked by the wearable device is shared to a remote database where it is sold to a hacker disguised as a third-party advertiser. The user opens their email to find a new message prompting them to sign into their account to get the most out of their fitness tracker. Unbeknownst to the user, the hacker has just captured their email and password - which can now be used to infiltrate their account.

Similarly, CNBC warns \"many of these devices will be connected to a phone containing a users' work email, or other sensitive corporate information. If the device is compromised, an attacker could potentially access this data.\"

So, what can companies do to protect themselves and their employees from cyber threats?

− Start by asking your employees to disclose their wearable usage. This ensures IT is aware of the increased entry points into your company's network, and can adjust their strategies accordingly.

− Host cybersecurity trainings to raise the level of threat awareness in your office. Sessions should include tips to identify and avoid phishing attacks, social engineering scams, website redirects and malware downloads.

− Recommend your employees keep their devices up to date. Developers regularly release security updates for known defense gaps, but these won't do you any good if you ignore the update prompts.

If your people do inadvertently succumb to a cybercriminal's tricks, don't worry. Your cyber insurance provider can help you get your business back on track. Visit CyberPolicy for more information.

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