As we increasingly move to a connected world where all of our devices and products have embedded chips in them communicating with a wireless network to share information and data, we will become more susceptible to privacy and security issues. The New York Times has a great article (must log on but free to join) on automobiles and how products like Onstar from GM, EZPass, and even tires from Michelin can share data about you and where you have been. Obviously, there are a plethora of benefits from services like the above and a potential invasion of privacy is the tradeoff that we need to live with in order to have more convenience. However, there is one aspect of living in a more connected world that I worry about and that is security. In an earlier posting, I commented on potential security breaches in mobile phones and other devices. Currently Onstar can remotely unlock your doors and turn on lights and horns. What if a hacker found ways to control other functions in your automobile via Onstar? As new technologies emerge and proliferate into the market, you can bet that hackers will find a hole to exploit. When taking advantage of new technology and designing new products, companies must carefully balance the tradeoff between convenience/simplicity and security.
about
Ed Sim is founder of BOLDstart Ventures and co-founder of Dawntreader Ventures. Mr. Sim has over 15 years of venture capital experience having led seed and first round investments in a number of high profile Internet and software companies.
- I hate shitty software – webroot spysweeper v5 Jul 25, 2006
- iPod sucks Nov 26, 2005
- Remember Long Term Capital? Mar 24, 2006
- Tips for the first VC Meeting Nov 29, 2005
- RSS Ads Feb 28, 2005
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Branding first starts with your team
May 17, 2013
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Camping out and closing deals
Jan 15, 2013
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Cutco Knives and startups
Sep 28, 2012
- Startups and Intellectual Property (IP) May 16, 2012
- What entrepreneurs can learn from Jeff Spicoli Jan 25, 2012
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Hercules Fernandes: Well Noah, look no further. :) I would love to be ...
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Chris: One of my best friends, who is about to do an ange...
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Jose Ramirez: I currently am showing/saleing cutco but i have fo...
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Marcus Robbins: Right on the money! I started w Cutco in 00' as ...
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Billy Bob: ...and on today's episode of "how to be disingenuo...
- blaze.io (sold to Akamai)
- Enterproid
- Eucalyptus Software
- Fotolog (sold to Hi-Media-French public company)
- GoInstant (sold to Salesforce.com)
- Handshake
- IndieGoGo
- Karma
- localresponse
- Plain Vanilla Games
- playhaven
- Preact.io
- Rapportive (sold to Linkedin)
- ShowMe
- ThinkNear (sold to Telenav)
- Tracks.io
- yipit
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I would love to be the one to help with that experience.... - Chris: One of my best friends, who is about to do an angel round for his start up, and I constantly say,...
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