Smart Homes Could Increase Risks Of Ransomware, Data Loss

  Friday, October 14th, 2016 Source: Insurance Business

Carriers are offering high tech bargains to policy holders—using internet connected devices, such as thermostats, doorbells, and moisture sensors—in exchange for discounts on home policies, according to reports. Offers like these from insurers such as USAA, American Family and Liberty Mutual could propel the adoption of smart devices forward, and improve risk mitigation and management in the home, but analysts say these benefits could come at a steep price as data from these homes could be exposed to risks such as data loss and ransomware.

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