The Apple Watch and Wearable Downsides

We are witnessing an explosion of wearable devices. People are now seen wearing a watch, a FITBIT and carrying their mobile phone. What next? Do away with all these externals and just go for an implantable that can do all of this for the price of one and is invisible? Not only are these wearables a status symbol but people truly believe they can gain many benefits from reminders to do with getting up and walking when they've been sitting all day behind a computer at work. No one can discount the potential benefits but there are also downsides. What if we lived in a future where our health insurance providers could dictate our premium based on the number of steps we took each day? What if our future employer could make a decision on whether we'd be a good employee based on our data, sold on from App companies to third parties? Don't think we will ever live in such a future? Think again-- it's already here! We just seem to be too busy to realise because we're looking for the latest gadget that will make us more hip and ultimately chew up more of our scarce time. We're too busy interacting and messaging too notice what is going on right before our very eyes. Jack and Candice explore the issues at hand in this interview.

Citation: Powerfm and Katina Michael, May 25, 2015, "The Apple Watch and Wearable Downsides" 94.9 Powerfm: 8.50am-8.56am.

Your credit history could soon be up for sale

Abstract

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While marketing executives may be excited by the prospect of more highly-targeted campaigns, the issue has provoked the ire of civil libertarians and privacy advocates. "On-selling consumer data without their consent is illegal," Australian Privacy Foundation board member Katina Michael told ninemsn. Dr Michael said that when consumers enter into agreements to use credit cards they are not consenting to their personal details being on-sold to third parties. She added that consumers are becoming increasingly concerned that their data is traded by third parties and many are demanding that their personal information be stored in a secure manner and not passed on.

Keywords: credit card, Mastercard, consent, privacy, onsell, terms and conditions

Citation: Martin A Zavan and Katina Michael. "Your credit history could soon be up for sale" ninemsn.com.au | Finance (2011) Available at: http://works.bepress.com/kmichael/240/