This shit needs to stop. It's getting out of hand fast. In just a few years, literally every powered device we own will be logging video, sound, location, and network traffic in real time continuously. What's to stop equifax from leveraging all this new info for credit reports? Insurance companies for premiums? Lawyers for civil defense? Class action lawsuits? Police? Divorce proceedings?
We are not heading in a good direction here. A police state is bad in and of itself, but swapping the police with a "free and unregulated market" is infinitely worse.
I think the problem is not necessarily lack of regulation (although there are consumer protection/privacy rules that we badly need), it's that the big companies are the ones writing the regulation and conveniently it makes it really hard for anyone to disrupt or challenge them.
The products I worked on that had remote monitoring built-in were purchased directly by hospitals or medical labs and in those cases we did have contracts that specified what we would do with the data. IIRC, one of the agreements was that if we (the manufacturer) noted that the device was malfunctioning, we would alert them.
Without an agreement to do something with the data, you'd have a hard time making a case. Especially since without an agreement, they wouldn't be able to access your identifying information.
Say you are not breathing, and the machine is working, but not up to manufacture's specs. They have the data. They should inform you of a malfunctioning machine? Since they have the data, it's incumbent on them to inform you of the state of the malfunctioning cpac machine?
If they don't get back informing you of a faulty machine, a lawyer could subpoena those cell phone records/data? And maybe have a case?