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In general terms yes, of course this feature raises concerns.
The issue is broader though and, IMO, started when people let their personal life become more and more antrenched with their personal one: you can work fom home, you can access your work computer, files, mail etc. from home; basically you never "close the door and walk out".
Also different Countries deal with privacy rights differently; here in the US is, unfortunately, unknown; in other places is a little better.
Back to Exchange I say that it will be important to see how customizable this functionality will be.
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