Hollifield: When smart appliances go bad
I think my toaster is watching me.
Is it paranoia? Perhaps, but I am not alone in believing my privacy is being invaded by household gadgets allegedly designed to improve our lives.
A new report from something called Mortgage Cadence shows that while a large majority of those surveyed said smart tech items make their lives easier, 73% still fear those same devices are spying on them.
That comes from a press release I received on computer that I am absolutely certain is spying on me. I am sure this Mortgage Cadence is a real and reputable company, but it sounds like the name of a femme fatale from a '80s prime time soap opera.
"
"
According to the release, top concerns were privacy, spying, security, and targeted marketing.
Sixty-two percent on those surveyed are worried about their security camera getting hacked and 23% are worried about smart locks getting compromised.
One in five said they own more than seven different smart devices for their home.
The main reasons people say they invest in smart technology for their homes are safety/security and the ability to control the devices while away. Americans spend
As the interim senior correspondent for privacy and technology issues for this award-winning publication (I promoted myself last week), I decided to take this opportunity to answer a few frequently asked questions about the results of this survey and the issues surrounding privacy in the age of smart technology.
Q. Hi, Scott. It's your toaster talking to you! We here at Acme Enhanced Appliances, a subsidiary of the
A. Uh, actually I am a bit disappointed with the quality of the toast it produces. I've adjusted the options, but it continues to put out a product that is not brown enough for my toast taste.
Q. Perhaps you should not put so much butter on your toast. We have observed an inordinate amount used in preparation of your toasted bread products and our built-in cholesterol detection touch lever shows you are at a high risk for heart disease. That has been reported to your health insurance provider which should adjust your premiums accordingly. Would you like for me to search for a gym membership in your area?
A. This is an outrage! How dare you invade my privacy through your technological gibber-jabber. Why, I have a mind to contact your company and complain about an unwanted intrusion into my life.
Q. Would you like me to instruct your smartphone to call the Acme Enhanced Appliance Consumer Helpline?
A. Yes.
Q. Hello. This is the Acme Enhanced Appliance Consumer Helpline. My name is Mortgage Cadence. How may I assist you today?
(



Floridians struggle to keep property insurance policies
Commercial Medical Insurance Market May See a Big Move : Major Giants Cigna, PingAn, Aetna: Commercial Medical Insurance Market 2022
Advisor News
- Financial shocks, caregiving gaps and inflation pressures persist
- Americans unprepared for increased longevity
- More investors will seek comprehensive financial planning
- Midlife planning for women: why it matters and how advisors should adapt
- Tax anxiety is real, although few have a plan to address it
More Advisor NewsAnnuity News
- LIMRA: Annuity sales notch 10th consecutive $100B+ quarter
- AIG to sell remaining shares in Corebridge Financial
- Corebridge Financial, Equitable Holdings post Q1 earnings as merger looms
- AM Best Assigns Credit Ratings to Calix Re Limited
- Transamerica introduces new RILA with optional income features
More Annuity NewsHealth/Employee Benefits News
- LEADING HEALTH ORGANIZATIONS URGE NC LAWMAKERS TO RECONSIDER IMPLEMENTATION OF MEDICAID CUTS
- PCA PAPER WORKERS IN MINNESOTA RATIFY STRONG AGREEMENT WITH MAJOR WAGE GAINS, PROTECTED HEALTH INSURANCE
- Humana is cutting Medicare benefits for hundreds of thousands in GA. Here's who will be affected
- CMS Releases Proposed Rule To Improve Prior Authorization Processes
- Her passion is nurse safety: 'It's saving healthcare workers' lives'
More Health/Employee Benefits NewsLife Insurance News
- AM Best Assigns Credit Ratings to Tokio Marine Newa Insurance Co., Ltd.
- Earnings roundup: Prudential works to save ‘unique’ Japanese market
- How life insurance became a living-benefits strategy
- Financial Focus : Keep your beneficiary choices up to date
- Equitable-Corebridge merger casts shadow over life insurance earnings
More Life Insurance News