Consumer Wearables and the Organizational Risks

I have a Fitbit which is pretty common internet of things device for people to wear into the bank or into an organization. Are there security risks to an organization associated with that? There are a few security risks and I would also say privacy risk. One from a wi-fi connection point. You can put moderate controls in place to make sure those aren't connecting directly into your network but the biggest concern that I see in risk really is around the data being collected on those.
Looking at it from a company's perspective and what data is actually being collected and how that data is being used. And making sure from privacy perspective, that the company's not overstepping on those grounds.
From a company's perspective, it was an insurance provider and we used to underwrite your insurance on your credit score. This was actually give us more predicted analytics for your driving behavior to really underwrite your policy based on your driving behavior

Risks