Information contained on this page is provided by an independent third-party content provider. WorldNow and this Station make no warranties or representations in connection therewith. If you have any questions or comments about this page please contact firstname.lastname@example.org.
TRUSTe hosts first Internet of Things Privacy Summit to define the privacy needs of the new interconnected world and scope out the next generation of solutions
SAN FRANCISCO, May 29, 2014 /PRNewswire/ -- It is predicted that there will be 26 billion connected devices by 2020. 6 out of 10 (59%) US internet users know that smart devices such as smart TVs, fitness devices, and in-car navigation systems can collect data about their personal activities. Being told this was the case, users would want to understand and be able to control the data being collected before purchasing or using smart devices. Just 22% agreed that the benefits of smart devices outweighed any privacy concerns and only 14% would be comfortable with advertising companies accessing this data.
The 'TRUSTe Internet of Things Privacy Index – U.S .Edition', was conducted online by Ipsos MORI, with 2,000 U.S. internet users aged 18-75 on behalf of TRUSTe, the leading global data privacy management company. This research follows publication of the first in a series of reports on the Internet of Things (IoT) from the Pew Research Institute and close examination of the issue by regulators at the U.S. Federal Trade Commission (FTC) who held a workshop last November and the European Commission who published a study last year.
Chris Babel, CEO, TRUSTe said: "The Internet of Things is a game-changing moment in our relationship with technology and personal data. We stand on the verge of a data explosion from interconnected devices that offers huge potential benefits to society and business opportunities - but as this research confirms, privacy concerns could be a potential barrier to growth.
Companies need to be honest and up front with consumers about the scale and type of data that's being collected and how they can control its potential uses. We look forward to bringing together experts from across the industry at the Internet of Things Privacy Summit, this July in Silicon Valley, to start to address these needs and scope out the next generation of privacy solutions."
Detailed findings from 2014 U.S. Internet of Things Privacy Index:
The research found that 6 out of 10 (59%) of internet users know that smart devices such as smart TVs, fitness devices and in-car navigation systems could collect data about their personal activities.
On being told that this was the case:
Comfort levels varied significantly depending on who might be able to access the data. 63% were comfortable with their spouse or significant other being able to access the data from smart devices but only 14% were happy for data to be shared with advertising companies or the government.
These privacy concerns could be a potential barrier to the growth of the IoT market as only 22% of respondents agreed that the benefits of smart devices outweighed any privacy concerns.
In 2012, TRUSTe and the Future of Privacy Forum launched TRUSTed Smart Grid one of the first privacy solutions specifically designed for the IoT era. The TRUSTed Smart Grid privacy program assesses and certifies the privacy practices of third-party companies that require access to Customer Energy Usage Data (CEUD) to power "smart" services and products, convincing utilities and customers that they can trust those companies with their energy usage data.
On July 10, TRUSTe will host the first event dedicated to the privacy challenges of the Internet of Things at the Rosewood Hotel, Silicon Valley. The Internet of Things Privacy Summit is an opportunity for privacy experts, policy makers and innovators to define the privacy needs of the new inter-connected world and scope out the next generation of solutions.
Speakers include: Michelle Dennedy, CPO, McAfee; Barbara Lawler, CPO, Intuit; Jules Polonetsky, Executive Director, Future of Privacy Forum; Eduardo Ustaran, IAPP Board of Directors and more to be announced soon.
Jules Polonetsky, Co-founder, Future of Privacy Forum said:
"The findings of the TRUSTe privacy survey are well-timed to help foster a critical dialogue about the need to align privacy considerations with the massive impact of connected devices in our lives. The challenge that all stakeholders must address is to encourage practices that support tech progress and innovation, while providing appropriate controls, choice, transparency and information to connected consumers. It's all about striking the right balance between fueling the evolution of innovation and addressing privacy and security considerations on a parallel track."
Eduardo Ustaran, IAPP Board of Directors and Author of "The Future of Privacy" said:
"Given the global reach of the strict European privacy rules, it is essential that we figure out how to meet the legal requirements without compromising innovation."
To register for the Internet of Things Privacy Summit, visit http://www.truste.com/iot
TRUSTe is the leading global Data Privacy Management (DPM) company and powers trust in the data economy by enabling businesses to safely collect and use customer data across web, mobile, cloud and advertising channels. Our cloud-based Data Privacy Management Platform delivers innovative technology products, including website monitoring and advertising compliance controls – along with privacy assessments and certifications. More than 5,000 companies worldwide rely on our DPM platform and globally recognized Certified Privacy Seal to protect/enhance their brand, drive user engagement and minimize compliance risk. For more information, please visit www.truste.com.
About the Internet of Things Privacy Summit
The Internet of Things Privacy Summit is an opportunity for privacy experts, policy makers and innovators to define the privacy needs of the new interconnected world and scope out the next generation of solutions. The Summit takes place at the Rosewood Hotel, Menlo Park, Silicon Valley on July 10, 2014. For further details of speaker/sponsor opportunities and to register to attend see http://www.truste.com/iot.
About Ipsos MORI
The research was conducted on i:omnibus, Ipsos MORI's online omnibus, between February 14-17, 2014 involving 2,000 adults aged 18-75 across the U.S. The survey data was weighted to the known population profile to be nationally representative of adults aged 18-75 in the U.S.
©2012 PR Newswire. All Rights Reserved.