A portable electronic device, a wearable device and methods for operating the same are provided. The portable electronic device includes a display, a communication interface that communicates with a wearable device using wireless short-range communication, and a processor that provides, via the display, a menu for controlling data of the wearable device, receives, via the communication interface, a security status from the wearable device, limits access to at least one item in the menu if the security status corresponds to a first security state, and allows access to the at least one item in the menu if the security status corresponds to a second security state.