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Hacking the connected world: (Downright scary) implications for insurers

New risks and threats from connected devices definitely exist. But connected devices also provide great opportunities for the insurance industry to play to its strengths.

By Mark Breading | Updated on December 31, 2015
The connected world increases the hacking potential in incalculable ways. (Image: Thinkstock)

Many exciting TV shows and movies include hacking as standard fare — overriding security systems, changing traffic lights, causing explosions, even committing untraceable murders. It makes for interesting entertainment. But the frightening part? It’s all possible.

The digital connections in our world are multiplying faster than we realize. It is difficult to even think of anything that cannot be connected. Connected cars and connected homes are advancing by leaps and bounds. Livestock such as cattle and sheep are tracked electronically, and your dog or cat probably has an embedded chip. Even bees are being outfitted with tiny RFID backpacks. Roads, buildings, and transportation systems are beaming real-time information to servers in the cloud.

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Mark Breading

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