Eurosmart announced its annual forecast of worldwide secure element shipments. Stefane Mouille, President of Eurosmart, stated: “The secure element market continues to increase in volume to reach exceptional figures worldwide, passing in 2018 the threshold of 10 billion shipments. We forecast a steady growth for 2017 (+3.3%) and the market will keep growing in 2018. These results confirm that our industry remains an area for business growth in Europe and worldwide”.
Gemalto revealed on 31st October 2017 that 90% of consumers lack confidence in the security of Internet of Things (IoT) devices. This comes as more than two-thirds of consumers and almost 80% of organizations support governments getting involved in setting IoT security.
"It's clear that both consumers and businesses have serious concerns around IoT security and little confidence that IoT service providers and device manufacturers will be able to protect IoT devices and more importantly the integrity of the data created, stored and transmitted by these devices," said Jason Hart, CTO, Data Protection at Gemalto. "With legislation like GDPR showing that governments are beginning to recognize the threats and long-lasting damage cyber-attacks can have on everyday lives, they now need to step up when it comes to IoT security. Until there is confidence in IoT amongst businesses and consumers, it won't see mainstream adoption."
The Draft Cyber Act Regulation is a matter of European industrial policy and economic growth as well as being of importance for European digital sovereignty and societal choices.
The level of resistance to potential attacks on European encryption solutions will be key to the technical transposition of articles 7 and 8 of the European Union Charter of Fundamental Rights, which ensure respect for private and family life and the protection of personal data. This puts the Cyber Act at the heart of the digital democracy.
FIME has completed its EMV® Level 1 testing portfolio with the launch of EMVeriPOS. The new tool ensures that the communication between payment terminals and contact EMV chip cards is in line with EMVCo’s Level 1 Contact Protocol Specifications. This enables terminal and mobile point-of-sale (mPOS) vendors in any market around the world to increase efficiency and reduce costs by validating their solution in advance of formal certification.
The Digital Economy and Society Index (DESI) is a composite index that summarises relevant indicators on Europe’s digital performance and tracks the evolution of EU member states in digital competitiveness.
DESI 2017: Denmark, Finland, Sweden and the Netherlands have the most advanced digital economies in the EU followed by Luxembourg, Belgium, the UK and Ireland. Romania, Bulgaria, Greece and Italy have the lowest scores on the DESI.
In 2016, all Member States improved on the DESI. Slovakia and Slovenia progressed the most (more than 0.04 as opposed to an EU average of 0.028). On the other hand, there was low increase in Portugal, Latvia and Germany (below 0.02).
Eurosmart announced the 2016 figures for worldwide secure element shipments and the corresponding 2017 forecasts. The overall growth trend remained unchanged in 2016 and Eurosmart forecasts place the total volume of secure elements to be shipped in 2017 at close to 10 billion.
- What are the potential risks associated with future widespread use of mutual distributed ledgers (MDLs), and what are their implications?
- How do distributed ledgers fit within existing regulatory frameworks?
- Are existing laws sufficient to cover the activities supported by distributed ledgers, or is new legislation is needed?
- Would MDLs benefit from the development of standards? Which sectors and services might need MDLs most?
- What different paths could be taken to create standards?
Intelling is publishing a new Smart Insights Report "Invisible payments key to omni-channel commerce" that conducts a detailed analysis of this emerging market segment – invisible payments. Invisible payments mean reducing the payments experience for consumers to the minimum amount of effort, while maintaining the highest levels of security, authentication and trust. Many activities will be moved to the back-end at the same time processes become even more automated, leading the consumer to complete a payment without even noticing it.