Any concerns about the recent SDM v. 1.0 update's security?

Hello,
In reading the Permissions section I see that this update can, among other things:
1. add or modify calendar events,
2. end email's out without my knowledge,
3. share content,
4.modify my contacts
5. etc,
6. etc.
To be honest, this spooks me a lot and I am wondering if all this kind of sharing has been going on on my S3 since I started loading contacts and using the calendar vice an old-school paper Day-Timer.
I would appreciate an thoughts form the community...

Friend just got the message that this update was available, he was not sure it was a legitimate update.  however we did some searching and found that the Verizon support web site specifically addresses this update, which put my friend at ease.  Verizon already know's all your business, I do not believe that this new update will change or increase that.

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