The Internet of Things has huge potential for technological advances and for product development focused on consumerism but with each technological advancement also comes loss and risk.

In an article on Wired, Ken Westin, a security analyst at the software company TripWire  says “It’s kind of sexy to talk about hacking a refrigerator, or about how our watches are going to be hacked.” But he continues to explain that its the data that hackers are after. Its not your connected refrigerator or other devices that are the issue but the cloud data gathering that is the concern.

Between Dec. 23, 2013, and Jan. 6, 2014, security providerProofpoint, said “it had uncovered what may be the first proven Internet of things-based cyberattack involving conventional household smart appliances including a refrigerator to steal Gmail users’ login credentials.”

Klint Finley of Wired suggests that “Today hackers often sell databases full of stolen credit card numbers, social security numbers and passwords. In the future, these databases could include even more personal information gathered from sensors and connected devices.”

As the Internet of Things evolves and the devices throughout our homes and in our lives are connected to each other, gathering data to supposedly make our lives easier, what information are we willing to give up and what risks are we willing to take in the name of convenience?