Security News
Mastercard announced a new Start Path global startup engagement program dedicated to supporting fast-growing digital assets, blockchain and cryptocurrency companies. As a continuation of Mastercard's digital assets work, seven startups have joined the program, including GK8, Domain Money, Mintable, SupraOracles, STACS, Taurus, and Uphold, and together with Mastercard seek to expand and accelerate innovation around digital asset technology and make it safer and easier for people and institutions to buy, spend and hold cryptocurrencies and digital assets.
With concerns around online fraud and identity theft rising, consumers expect businesses to utilize new technologies to protect them online. The research revealed positive attitudes towards a number of newer methods of identity authentication amongst consumers in China, the UK and the U.S. Almost three quarters of people said they feel secure when they are asked to log into their bank account to verify their identity for other online services.
Consumer reliance on applications and digital services has soared since the start of the COVID-19 pandemic. Since the start of 2020, consumers have experienced a sudden and total reliance on digital services, altering how they engage with brands, consume goods and services, and make purchasing decisions.
Three US senators have written to their nation's Olympic Committee with a request that it "Forbid American athletes from receiving or using Digital Yuan during the Beijing Olympics" - a reference to the Winter Games scheduled to commence on February 4th, 2022. "While the Chinese Communist Party insists their efforts are aimed at digitizing bank notes and coins, Olympic athletes should be aware that the Digital Yuan may be used to surveil Chinese citizens and those visiting China on an unprecedented scale," wrote [PDF] Senators Marsha Blackburn, Roger Wicker and Cynthia Lummis.
Infosys launched its Automotive Digital Technology and Innovation Center in Stuttgart, Germany, building on its strategic commitment to drive innovation and IT infrastructure transformation in the sector. Jörg Sommer, formerly Director of Digital Foundation at Daimler has been designated as the CEO of the Digital Technology and Innovation Center in Stuttgart, which is a separate legal entity and officially called Infosys Automotive and Mobility GmbH & Co. KG. The center promotes a multi-cloud and carbon neutral approach to IT infrastructure transformation, leveraging Infosys Cobalt, a combination of Infosys services, solutions and platforms that supports enterprises in accelerating their cloud journey, alongside other leading cloud providers.
The UK government is launching proposals to boost the legal status of digital identities, something it claims will ensure they are trusted as much as physical documents such as passports. The government today argued digital identities could help reduce cases of online fraud because they are much harder for criminals to access and replicate than other types of online personal data such as dates of birth.
Newgen Software unveiled comprehensive digital transformation platform, NewgenONE, to simplify even the most complex business processes, manage the messiest information, and drive customer engagement based on changing demands. "Enterprises are embracing digital transformation to simplify processes spanning siloed departments, information across data systems and files, and customer engagements across channels. NewgenONE is the only platform that can handle such levels of complexity for superior employee and customer experiences. NewgenONE unlocks simple," said Diwakar Nigam, Managing Director and Chairman, Newgen Software.
Okta welcomes industry veteran John Zissimos as its first Chief Digital Officer. Zissimos will report to Kendall Collins, Chief Marketing Officer, and will be responsible for the holistic creative, campaign, digital, and brand strategy for the company.
A tailored approach to digital executive protection allows security teams to maximize resources and identify threats without relying on 24x7 physical executive protection. Executive protection teams face threats from many sources including social media, telephone, email, and event in-person physical threats.
The Car Connectivity Consortium announced that its CCC Digital Key Release 3.0 specification is finalized and now available to CCC members. "The CCC Digital Key already enables your mobile device to be used as a key for your vehicle," said Daniel Knobloch, president, CCC. "With the CCC Digital Key Release 3, the user experience just got even better. The combination of Ultra Wideband and Bluetooth Low Energy will allow you to leave your mobile device in your bag or pocket when approaching to unlock and start your vehicle - making Digital Key even more convenient."