Yahoo Finance Privacy Concerns Are Not To Be Toyed With
CORAL GABLES, FL / ACCESSWIRE / November 26, 2018 / Data is the most lucrative commodity right now and procurement of this valuable resource has come at the cost of privacy for consumers. Ever since the news broke out that Facebook (FB) inadvertently provided Cambridge Analytica, a British political consulting firm, access to the user data of millions of Facebook subscribers, resulting in Russian interference in the 2016 Presidential election, people have been hyper-vigilant to what, and how, the information they share on the internet is stored.
Privacy concerns online are just as important as locking your doors at night to keep safe. Depending on what you share on social media, you could be placing yourself, and most importantly, the data you've shared, at risk.
Concerns related to information shared on social media is one thing, but a recent consumer report suggests that some toy manufacturers may be selling toys that collect information from the children who play these products. With the advent of new technologies that are working to solve the world's greatest issues also come major modifications to products designed for the toy industry.
When I was growing up, a simple action-figure got the job done, and my imagination took care of the rest, but the stakes are much higher now. "Smart toys," as they've come to be known, have a combination of sensors, cameras, microphones, data storage, and sometimes GPS, according to NBC.
The FBI's consumer warning on smart toys also mentions that home addresses, Wi-Fi information, and other sensitive data could be exposed when children are playing with these "smart-toys."
Recent reports suggest that the smart toy industry is projected to reach $18 billion in revenue by 2023, but if this impressive growth comes at the cost of parental concern for their child's safety, maybe toymakers should just go back to action-figures, you know, toys that aren't Bluetooth-enabled.
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