How to Reduce Risks with Wearable Technology

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The release of wearable technology has opened the door for new possibilities in the work place. Employees equipped with wearable technology reported an 8.5% increase in productivity and a 3.5% increase in job satisfaction. These benefits can be a great booster for employee engagement but companies should still be aware of potential risks associated with these new devices. To help keep your company safe, we've put together a list of a few of the dangers wearable technology poses and how to avoid them.

Risk Factors

  1. Cyber Risks. Companies today are more at risk for data hackers than ever before. Making sure the wearable technology does not house or have access to any protected data is key.
  2. Health Monitoring. Health monitoring is usually a positive benefit of wearables but not entirely when corporations are involved. Should an employee’s health information be stolen while on the premises, the company may be at fault for this security breech.
  3. Corporate Espionage. Dealing with disgruntled employees is an unpleasant obligation in any industry. Wearable technology brings new possibilities for those unhappy with the organization to take pictures or files and share them illegally.
  4. Coverage. Since wearable technology is still fairly new, most insurance companies do not yet cover these accessories leaving companies fiscally responsible if something were to happen to them or because of them on the job.

Avoiding Risks with Wearable Technology

To reduce your company’s liability with employees using wearables there are a few steps every organization can take to make sure they are safe.

  1. Employee Guidelines. Make an edit to your employee handbook detailing the appropriate wear and proper functions of the devices.
  2. Develop Privacy Agreements. After outlining the proper wear of these devices, enact a privacy agreement that releases your company from liabilities involved with this new technology.
  3. Bluetooth Encryption. Bluetooth encryption ensures that the individual or company's information is secure should there be any type of breech.

By having detailed policies on wearable technology you can help your organization avoid unnecessary headache. Being aware of the risks associated with new technology can act as a great resource to any company, no matter the industry.

 

Sources
1. http://www.forbes.com/sites/bernardmarr/2016/03/18/15-mind-boggling-facts-about-wearables-in-2016/#4df142f4773e