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Popular Smart Home Devices Carry Cybersecurity Risks - E-Discovery, Information Governance & Cyber Security Section News

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E-Discovery, Information Governance & Cyber Security Section News

Posted on: Dec 5, 2018

From Bloomberg Law: Inc., Alphabet Inc.'s Google and other tech companies could face lawsuits and government crackdowns over smart speakers and video assistants if the companies fail to protect users’ privacy, attorneys told Bloomberg Law.

Amazon’s Echo, Google’s Home Hub, Facebook’s Portal, and other smart home devices are projected to rake in $3.8 billion in revenue this holiday season—a 93 percent jump from 2017, according to the Consumer Technology Association. Demand for smart speaker units, which had about 27 million shipments last year, will rise to nearly 44 million shipments this year and nearly 57 million shipments in 2019, CTA projected.

If Amazon, Apple Inc. and other companies aren’t careful, the popular devices could mean costly class action, regulatory enforcement, and reputation risks that can have a huge impact on the revenues, attorneys said.

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