Security News
There are significant privacy challenges that could make eNaira a lot less attractive. Identification and authentication can pose additional privacy risks because of their central role in onboarding users to the eNaira wallet and ensuring equal access for all users to meet the financial inclusion aspiration of the CBN. Under the CBN's Circular and Guideline [PDF] on the eNaira issued on 25 October, the national identity number and/or biometric verification number are the unique identifiers for users to "Self-onboard" to the eNaira speed wallet.
"Based on intelligence garnered from the Arkose Labs Network, we predict a 60 percent increase in attacks for the upcoming 2021 holiday shopping season. No digital business is immune to this threat." It is estimated that eight million attacks will occur daily during the 2021 holiday shopping season that is now underway.
Global spending on the digital transformation of business practices, products, and organizations is forecast to reach $2.8 trillion in 2025, more than double the amount allocated in 2020. According to a new update to the IDC Worldwide Digital Transformation Spending Guide, DX spending will have a compound annual growth rate of 16.4% over the 2021-2025 forecast period as organizations pursue a holistic digital strategy for people, processes, technology, data, and governance.
34% of Millennials broached the subject of a digital handover with their parents in the past year. A report from 1Password and its partners, Trust & Will and Willful, explores the attitudes of 1,000 American Millennials, ages 25-40, toward end-of-life decisions, and storing and transferring digital assets before and after death.
In the coming years, organizations will deploy, operate, and scale digital infrastructure to ensure consistent security, performance, and compliance across all resources, regardless of where and how they are deployed. These organizations will invest in more intelligent, autonomous operations and take advantage of flexible consumption and strategic vendor partnerships to promote agility and ensure that the business, and its digital infrastructure, can continue to perform in the face of a wide range of unexpected scenarios - social, geopolitical, economic, climate, or business related.
ArsTechnica’s Sean Gallagher has a two–part article on “securing your digital life.” It’s pretty good.
Digital driver's licenses should work the same way, according to privacy and security experts. Several states are moving forward with digital driver's licenses.
SailPoint survey finds that younger workers also are more likely to use company email addresses for online shopping and subscriptions. This SailPoint survey asked 500 U.S. workers about how they use email and deal with phishing attacks.
China's Ministry of Commerce said on Monday the country has officially applied for entry into the Digital Economy Partnership Agreement. Singapore's Ministry of Trade and Industry described DEPA as "a first of its kind agreement that establishes new approaches and collaborations in digital trade issues, promotes interoperability between different regimes and addresses the new issues brought about by digitalisation."
Digital transformation programs could be vulnerable to cyber attacks due to increased risk tolerances and ongoing cybersecurity challenges, according to a global research of 500 cybersecurity decision makers by NCC Group. Seventy-six per cent admitted that they had increased their risk tolerances to allow changes to their operating model during the pandemic.