The biggest risk of GPS tracking is perhaps the effectiveness of the devices. These devices won’t work 100% of the time, and especially cheaper GPS trackers for bikes can be unreliable given a certain range. In more desolate areas, with fewer electronic devices, satellites, and cell phone towers, it may be difficult if not impossible to get a signal from a GPS tracking device.
Security and privacy is another big concern with GPS tracking, but this can often be mitigated by enabling a number of privacy settings. Most GPS bicycle trackers and GPS tracking apps will give you plenty of options when it comes to limiting the amount of data that you are sharing with other people, companies, and apps.