- Insurance Companies and the Fourth Industrial Revolution: Privacy and Security Risks
- April 12, 2017 | Authors: Tony Ficarrotta; Mary Jane Wilson-Bilik
- Law Firm: Eversheds Sutherland (US) LLP - Washington Office
Self-driving cars, smart TVs and Fitbits all provide information that can greatly benefit insurance companies and their business partners, as well as the consumers they serve. However, notwithstanding the considerable benefits, the fact that such vast and varied amounts of consumer data are being collected, housed and used introduces new risks to consumers’ privacy and to the security of the underlying information systems managing the data.
A robust understanding of the technologies driving this “Fourth Industrial Revolution,” as hailed by some, is essential to coping with the new risks that come along with it. In their article for BenefitsPro, Eversheds Sutherland (US) attorneys Mary Jane Wilson-Bilik and Tony Ficarrotta address some of these risks in three areas: cybersecurity risks, big data analytics and online behavioral advertising.