Consumers are demanding more smart technology in their homes, which means that it needs to be in the design. But, more and more that equates to risks. This Housing Wire article discusses some of those risks, even starting with the borrowing process.
Last Friday, Google announced its $2.1 billion acquisition of Fitbit. Immediately after was a deluge of articles from high-profile publications extrapolating what Google may have really purchased: health data of millions of Fitbit users.
As users wearily eye the fitness tracker on their wrists this week, experts at the Washington Center for Real Estate’s and Fannie Mae’s InnovateHousing event offered a less-comforting look at the reality of data and privacy.
“You know, we don’t own our Social Security number, but we get royally disappointed when someone loses our Social Security number,” said Peter McLaughlin, a privacy and data security attorney at Womble Bond Dickinson. “And just to bring some, some cheer and frivolity to the conversation, basically almost everyone’s social security numbers are already on the dark web.”
McLaughlin said this Tuesday during a panel titled “The Future of Borrower Data and Housing Finance.” He was joined by a fellow panelist, Scott Hallworth, Fannie Mae’s chief data, modeling and analytics officer; and moderator Drew Meyers, the founder of Geek Estate Blog and Geek Estate Mastermind.
Together, they explored the topics of borrower data, including how it can be used and the challenges that come with it. The No. 1 challenge they presented was privacy.
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