Wearable devices – including smart glasses, fitness tracking bracelets, smartwatches and technology-infused jewellery – are touted as the next big wave on the digital front. However, risk, legal, and insurance experts have warned of many uncertainties associated with these new technologies.
Another real risk emerges as wearable technology becomes more popular and expensive – that is, the risk of theft. Smart necklaces, pendants or rings can cost into the thousands. As these pieces become more visible, consumers must take more precautions to protect them: