This is the last issue of Smart Insights Weekly.
Among the keywords heard this week in two different trade shows, SDW (Secure Document World) and Money 20/20, dematerialization comes first, hands down. As an example in dematerialization, this week we announce our most recent Smart Insights Report “Physical, Digital, Mobile unite for future Government Identity” that tackles the evolution from physical identity documents towards mobile identity.
Viva Technology, a major technology show, happened last week in Paris. For its second occurrence, the event succeeded in showcasing 6,000 startups to a public made of a combination of investors, technology companies, students, executives and even families … all in all over 60,000 visitors.
Our secure transactions industry has completed a new round of restructuring. The Safran Group had been looking for an acquirer for months or even years for its Morpho unit, until the decision was announced in October 2016: Advent, which owns Oberthur was to acquire the Safran I&S (Identity & Security) unit.
Until now, consumer behavior analysis was working fine for online commerce, but facing some major issues for brick and mortar commerce: its was difficult to reconcile data obtained from online research and eCommerce with physical purchases. Players in the payment industry just obtained the total amount paid at the cash register without being able to know each person consumption details.
Even if many of us are busy with new technology developments and market research on new opportunities, the smart card remains the bread and butter of our industry.
My grandfather was born in 1890. I recently realized that over his lifetime he had seen electricity arrive in households, automobiles transforming the cities and countryside alike and telecommunications changing our world.
As of writing, WannaCry, one of the largest ever ransomware attacks is said to have infected over 200,000 computers running under Windows XP in 150 countries. WannaCry encrypts the PC data, locks the user out, and asks for a ransom to recover the data. The typical ransom request is said to be US$ 300 (EUR 272) to be paid in Bitcoin.
The secure transactions industry is used to arguments either defending hardware based security or claiming that software can now do as well as hardware to reach the needed security level to complete transactions.
At the end of the 1980s, some engineers participated in the standardization process of the cell phone network, and advocated for a removable item to support subscriber information. We all know, this participation led to the SIM card business, and more globally to the secure transactions industry as it is now.