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
- What entrepreneurs can learn from Jeff Spicoli Jan 25, 2012
- Never give up but move on quickly Oct 21, 2011
- Startups getting caught in No Man’s Land Sep 29, 2011
- The New York Startup Market Rocks and is REAL Apr 15, 2011
- Reflecting on passed investments Apr 5, 2011
-
Martin Wawrusch: Hi Ed, you might want to take a look at http://lea...
-
Larry Tutino: Hi Ed, I do the same thing with real estate deals...
-
DzNtz: well, for starters these executives can start actu...
-
Peter Kadas, MD.: I'm an entrepreneur for 16 years now. I had wins a...
-
Chris: Accountability is definitely an ingredient to grea...
Recent Posts
Recent Comments
- Martin Wawrusch: Hi Ed, you might want to take a look at http://leanlaunchlab.com which is being built in...
- Larry Tutino: Hi Ed, I do the same thing with real estate deals I follow. I have my favorites/passed on file that I...
- DzNtz: well, for starters these executives can start actually LISTENING to the recommendations of the PROFESSIONALS...
- Peter Kadas, MD.: I’m an entrepreneur for 16 years now. I had wins and losses. To be able to quit is not just a...
- Chris: Accountability is definitely an ingredient to great management but one thing I have seen as essential when...








