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Published: Mon, 06/06/22

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SecurityGen earns the praise of mobile operators at the ROCCO Vendor Innovators Awards 2022
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2022-05-21 02:18:45-04
SecurityGen earns the praise of mobile operators at the ROCCO Vendor Innovators Awards 2022

Global telecom security start-up achieves second place and impresses operators with ACE, its new automated breach and attack platform for mobile networks

ROME, May 20, 2022 /PRNewswire/ —SecurityGen, the global start-up provider of security solutions and service for the telecoms industry, has earned second place in the ROCCO Research Vendor Innovators Awards and the plaudits of leading telecom operators for its new ACE automated breach and attack simulation platform for mobile networks.

SecurityGen was one of seven vendors invited to take part in the special “Lion’s Den” event on Tuesday 17 May at the ROCCO Genesis innovation conference organised by independent strategic research, consulting and training firm ROCCO.

SecurityGen co-founder and Head of Global Operations Paolo Emiliani

The ACE platform is a telecoms industry first: the first completely automated breach and attack simulation platform that is purpose-built for securing mobile networks. ACE provides an automated approach to assess and improve the security posture of mobile operators by continuously testing the strength of their network defences against hackers, fraudsters and other malefactors.

SecurityGen co-founder and Global Head of Operations Paolo Emiliani made a 30-minute presentation on the ACE platform to a judging panel of four “lions” consisting of senior executives from telecom operators – Luc Lamoureux at Reliance Jio, Cameron Dunn at AT&T, and Atim Akeh-Osu at MTN GlobalConnect – plus Stéphanie Fleury, technology entrepreneur and presenter on CNN Brasil.

“Mobile operators worldwide are launching 5G networks and services that promise dramatically faster speeds, lower latency, and connectivity for billions of devices. But the convergence of IT and telecoms brings with it significant new security concerns,” explained Emiliani.

“As operators transition to 5G, they will face new challenges emerging from new technologies like virtualisation and open infrastructure concepts, including open RAN. This new open ecosystem will require operators to critically evaluate their risk postures and adopt new approaches to security. Having a team of virtual experts to support their security teams and ensure proactive security coverage must be a priority.

“This is where SecurityGen has a leading role to play. Our focus is to drive the next phase of telecom security innovation by harnessing the power of research to identify new vulnerabilities and continuously develop proactive security approaches that solve them.”

The ACE platform draws on the vast knowledge and experience of SecurityGen’s core team who have conducted a combined total of more than 300 telecom network security assessments during their careers. Its in-built AI module enables it to constantly learn and enhance its performance by incorporating actual, real-life scenarios and attack vectors that have been identified in the field. And because ACE is available as a cloud-based offering, operators don’t need to install it directly, or reconfigure their network to use it if they opt for this model.

Commenting on the news, SecurityGen co-founder and CEO Amit Nath said, “Everyone at SecurityGen is delighted with our achievement at the ROCCO innovation awards and the positive feedback and high level of interest that our ACE platform received from the mobile operators in the judging panel. We want to thank our customers, the jury, and also the wider telecoms community for its support and validation. Finally, we want to thank ROCCO for providing a valuable platform for showcasing the innovations that are helping to shape the future of the telecoms industry.”

The ROCCO Vendor Innovators Awards showcase innovative ideas, products and solutions in the mobile telecom industry that generate save costs or generate extra revenue for operators, improve operational efficiency and enhance the user experience for subscribers.

About SecurityGen

Founded in 2022, SecurityGen is a global start-up focused on telecom security. We deliver a solid security foundation to drive secure telco digital transformations and ensure next-gen enterprise intelligent connectivity. Our extensive product and service portfolio provides complete protection against existing and advanced telecom security threats. Led by a group of global visionary leaders, security experts, and research analysts with a proven track record of innovation and execution, SecurityGen is headquartered in Rome and has a strong presence across Europe, Asia, LATAM, and the Middle East.

www.secgen.com image by Lions Gate Photo by Massimo Virgilio on Unsplash

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New Research: 81% of Frontline Fraud Fighters Say Financial Services Organizations Could be Doing More to Fight Fraud
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2022-05-24 16:14:51-04
New Research: 81% of Frontline Fraud Fighters Say Financial Services Organizations Could be Doing More to Fight Fraud

Fraud Fighters

Survey from ID Insight and About-Fraud Uncovers Fraud Fighters’ Opinions About What Financial Services Companies Can Do – and Invest in – to Support Success

MINNEAPOLIS, May 24, 2022 /PRNewswire/ — New research released today finds that frontline fraud fighters believe there’s much more to be done in the multi-billion-dollar battle against fraud, and provides financial services organizations with actionable recommendations to improve results.

In a new survey of fraud fighters, about eight in 10 respondents (81 percent) say financial services companies could be doing more to fight fraud, with more than a third (34 percent) citing new tools or services as the single-most-important investment an organization could make to manage fraud more effectively.

The research, from ID Insight, a national leader in developing platform-based fraud-prevention solutions for business, and About-Fraud , a global community for fraud fighters, surveyed fraud investigators, managers and directors in late 2021 on their roles within financial services companies. For more details on this research and the other resources and tools ID Insight provides to help financial institutions optimize their resources and reduce fraud, visit FraudFighterResearch.com .

Respondents cited multiple challenges they face in their fight to prevent fraud. Nearly two-thirds (65 percent) feel the technology that allows fraudsters to commit fraud is better than the technology their organizations are currently using to prevent it, and nearly half – 46 percent – say that they don’t have the tools or systems they need to prevent and stop fraud, with an equal number saying they don’t have access to important data for fraud mitigation until it is too late.

According to survey respondents, financial-institution customers play a large role in the fraud ecosystem, as well, with 86 percent reporting that customers make it easier for fraudsters to commit fraud.

At the same time, fraud fighters identified the most important investments organizations can make to improve results. Thirty-four percent cited new tools or services to combat fraud, 18 percent said the availability of real-time data, and 13 percent said more people added to the fraud team. Collaboration is also a key component of their success. Eighty-one percent of respondents collaborate or share insights and ideas with fraud fighters working at other institutions at least a few times a year, with one-third of those collaborating weekly or daily.

“Fraud fighters are financial services organizations’ most important resource, and this research was designed to better understand their unique and valuable perspectives,” said Jack Sundstrom, ID Insight chief product and marketing officer. “To our knowledge, this first-of-its-kind national survey is the only one to have ever sought the opinions of front-line fraud fighters, and it provides an important roadmap for organizations to improve their outcomes.”

“The findings of the survey are invaluable in understanding the type of information and services needed to support the ongoing success of the fraud-fighting community,” said PJ Rohall, co-founder of About-Fraud. “This research reinforces what we’ve experienced about fraud investigators’ commitment to their organizations and passion for delivering results that can save their companies and customers significant amounts of money and frustration.”

The survey delved into fraud fighters’ thoughts on why they do what they do, as well. Respondents are motivated by feelings of doing important work for their organization that makes a difference for customers and the greater good. Ninety-eight percent say they are performing an important role for their organization, and 97 percent believe they can prevent fraud from happening in the future. Ninety-five percent say they are willing to spend time outside of business hours learning about emerging fraud trends.

To learn more, visit FraudFighterResearch.com.

About ID Insight 
ID Insight is on the front lines in the fight against identity fraud. Only ID Insight has a fraud intelligence platform combining patented analytics with massive consortium and identity datasets to stay ahead of emerging fraud schemes. Since 2003, thousands of banks and credit unions, as well as credit issuers, retailers, healthcare companies and other businesses have relied on ID Insight’s platform-based solutions to mitigate the damaging effects of account takeover and new-account fraud. Contact us watch our video, or request a personalized demo  to learn more.

About About-Fraud
About-Fraud is a Global Community for Fraud Fighters. We provide expert education, insight and resources to enable fraud fighters across the world. Our community was born from an industry need for unbiased, educational fraud prevention resources. About-Fraud filled that gap with a platform that connects fraud fighters with the information they need to understand the technology and trends, grow their career, and stop fraud. About-Fraud aspires to connect every fraud fighter across the globe and support the collaborative effort to stop fraud and financial crime. For more information, visit About-Fraud.com.

CONTACT: Brian Bellmont, Bellmont Partners, 612-255-1113, [email protected]

SOURCE ID Insight

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Swiss Based Superior Cybersecurity, Internet Privacy & Data Mgmt for Consumers : Sekur Private Data: Stock Symbol: SWISF
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2022-05-26 00:45:16-04
Swiss Based Superior Cybersecurity, Internet Privacy & Data Mgmt for Consumers : Sekur Private Data: Stock Symbol: SWISF

Swiss Based Superior Cybersecurity, Internet Privacy & Data Management for Consumers, Business and Governments: Sekur Private Data Ltd. (OTCQX: SWISF)

Sekur Private Data Ltd. (OTCQX:SWISF)

TORONTO, ONTARIO, CANADA, May 25, 2022 /EINPresswire.com/ — Swiss Based Superior Cybersecurity, Internet Privacy & Data Management for Consumers, Business and Governments: Sekur Private Data Ltd. (OTCQX: SWISF)

We are excited to have released “Chat-By-Invites” via SMS. This milestone puts us closer to offer secure and private communications to everyone looking to protect their communications”

Alain Ghiai, CEO of SWISF

 Cybersecurity From Swiss Based, Company Owned Infrastructure.

 No Use of BigTech Platforms and No Data Mining of Users’ Data.

 “Chat-By-Invite” Using SMS Invites – Enables SekurMessenger Users to Chat with Non-Users Privately and Securely.

 Upgraded to OTCQX Best Market from OTCQB Venture Market.

 Sales Started in Colombia – Latin America Expansion of Privacy and Cybersecurity Solutions

 B2B Referral Platform from PartnerStack and Ingram Micro Cloud.

 Sales in Q1 2022 vs Q1 2021 by Over 5,600% – Increases New Subscribers by Over 1,900% in Same Period

 Launch of “Sekur” Including New SekurMail Solutions for Consumers & Businesses and Government Users with Private Domains Hosting.

Sekur Private Data Ltd. (Stock Symbol: SWISF) is a Cybersecurity and Internet privacy provider of Swiss hosted solutions for secure communications and secure data management. SWISF distributes a suite of Swiss hosted encrypted e-mails, and secure communication tools, secure cloud-based storage, disaster recovery and document management.

SWISF uses its own infrastructure, does not use BigTech platforms and does not data mine users’ data, and employs proprietary technology to encrypt users’ data. SWISF sells its products directly to consumer and businesses, and through its approved wholesalers and distributors, and telecommunications companies worldwide. SWISF serves consumers, businesses and governments worldwide.

 SWISF Launches “Chat-By-Invite” Using SMS Invites – Enables SekurMessenger Users to Chat with Non-Users Privately and Securely

On May 16th SWISF announced launching its “Chat-By-Invites” feature, allowing any Sekur user to invite any non-Sekur user to chat Privately and Securely, using Sekur’s Swiss-hosted proprietary platform and technology.

SWISF SekurMessenger now comes with a proprietary feature and technology called “Chat-By-Invites”. This feature allows a SekurMessenger user (“SM user”) invite a non-SM user, or a group of non-SM users, to chat in a fully private and secure way, without the recipient ever having to register to SekurMessenger or download the app. At the end of the chat, the initiator of the conversation can remotely terminate the conversation and all traces of the conversation are deleted from all users, including the recipient.

The invite can be sent via Email or SMS. As of now, Sekur has enabled invites in 19 countries, and will add more countries as Sekur expands globally.

 SWISF Upgraded to OTCQX Best Market from OTCQB Venture Market
On May 2nd SWISF announced that it has qualified to trade on the OTCQX® Best Market.

 SWISF Starts Sales in Colombia – Latin America Expansion of Privacy and Cybersecurity Solutions

On April 20th SWISF announced it has restarted its presentation and training program for its distributor in Colombia, Panama, Peru, and Mexico. The distributor, Tasloko S.L. (“Micronet”), has signed an agreement back in May 2020, however, the COVID-19 damages in Spain and all of Latin and Central America, prevented the operations to start.

Tasloko S.L. is a Spain based company with operations and distributors in Spain, Colombia, Panama, Peru, Mexico and Guatemala, totaling over 2,000 resellers. Today, SWISF is able to start the process in order to start sales by June 2022.

 SWISF Signs Up with B2B Referral Platform from PartnerStack and Ingram Micro Cloud

On April 11th SWISF announced it has signed with a new B2B referral platform for, SekurBusiness, its, business and government suite of secure communications, such as SekurMail and SekurMessenger. The partnership called The Pinnacle Program from PartnerStack and Ingram Micro Cloud.

The Pinnacle Program from PartnerStack and Ingram Micro Cloud, brings together two robust SaaS marketplaces, providing a combined 120,000+ Marketing, Referral and Reseller partners across the network. Pinnacle is powered by PartnerStack’s leading PRM platform that serves as the infrastructure to build, launch and scale channel programs that drive revenue as efficiently as possible. Designed as the fastest path to the Ingram Micro Cloud Marketplace, and an accelerant to their global distribution agreement process.

Ingram Micro Cloud is a global division of Ingram Micro and employs more than 1,300 dedicated cloud specialists worldwide. PartnerStack is the only partner platform designed specifically for B2B SaaS channel teams that enables small and medium-sized businesses to build and scale affiliate, referral, and reseller partner programs quickly and sustainably.

 SWISF Increases Sales in Q1 2022 vs Q1 2021 by Over 5,600% – Increases New Subscribers by Over 1,900% in Same Period

 SWISF Launches Swiss Hosted “Sekur” Including New SekurMail Solutions for Consumers & Businesses with Private Domains Hosting

On March 8th SWISF announced that it has completed the launch of its business services for its Sekur suite of secure communications, such as SekurMail, SekurMessenger and Sekur. Additionally, the SWISF has launched a new plan called SekurMail which is its Email only plan for consumers and businesses. The new plans are as follows (per user):

Sekur for Consumers: US$10/month or US$100/year

Sekur for Businesses: US$15/month or US$150/year

SekurMail for Consumers: US$7/month or US$70/year

SekurMail for Businesses: US$10/month or US$100/year

SekurMessenger for Consumers: US$5/month or US$50/year

SekurMessenger for Businesses: US$7/month or US$70/year

All SWISF plans now come with a feature allowing purchasers to select the exact amount of licenses they want to purchase, giving full flexibility to families and businesses who desire to purchase more licenses.

Additionally, businesses are now able to host their company emails on SekurMail and migrate all their existing email from their ISP to the Sekur platform seamlessly. The launch of Email only plans and business packages signals a next step in the SWISF product line roll out and the beginning of the B2B and B2B2C phase of marketing to companies of all sizes, directly and through distributors and platforms specializing in marketing to businesses only.

For more information on Sekur Private Data Ltd. (SWISF) visit: https://www.globexdata.com

DISCLAIMER: This article is purely for informational purposes and is not a recommendation in any way for buying or selling stocks

Alain Ghiai, CEO
Sekur Private Data Ltd.
646-452-7177
email us here

SWISF: Sekur – Privacy Has Arrived

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Which Countries Trust Their Government (And Which Ones Don’t?)
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2022-05-29 00:49:48-04
Which Countries Trust Their Government (And Which Ones Don’t?)

Trust in Government

In many countries around the world, vast portions of the population do not trust their own government.

Lack of faith in government and politics is nothing new, but, as Visual Capitalist’s Nick Routley details below, in times of uncertainty, that lack of trust can coalesce into movements that challenge the authority of ruling parties and even threaten the stability of nations.

This visualization uses data from the Ipsos Global Trustworthiness Monitor to look at how much various populations trust their government and public institutions.

Tracking Trust in Government

Since the beginning of the pandemic, global trust in government has improved by eight percentage points, but that is only a small improvement on an otherwise low score.

At the country level, feelings towards government can vary widely. India, Germany, Netherlands, and Malaysia had the highest government trust levels.

Many of the countries with the lowest levels of trust were located in Latin America. This makes sense, as trust in politicians in this region is almost non-existent. For example, in Colombia, only 4% of the population consider politicians trustworthy. In Argentina, that figure falls to just 3%.

Trust in Public Institutions

Broadly speaking, people trust their public services more than the governments in charge of managing and funding them. This makes sense as civil servants fare much better than politicians and government ministers in trustworthiness.

As our main chart demonstrates, there is a correlation between faith in government and trust in public institutions. There are clear “high trust” and “low trust” groupings in the countries included in the polling, but there is also a third group that stands out—the countries that have high trust in public institutions, but not in their government. Leading this group is Japan, which has a stark difference in trust between public services and politicians. There are many factors that explain this difference, such as valuescorruption levels, and the reliability of public services in various countries.

While trust scores for government improved slightly during the pandemic, trust in public institutions stayed nearly the same.

Source: Zero Hedge

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CRA Study: Remote Workers Spell Trouble for InfoSec
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2022-06-01 18:03:06-04
CRA Study: Remote Workers Spell Trouble for InfoSec

Remote Workers

Attackers have capitalized on security vulnerabilities with employees working outside company walls

NEW YORK, NEW YORK, UNITED STATES, June 1, 2022 /EINPresswire.com/ — As Enterprises and government agencies across the globe rush to support employees working remotely (remote workers) during the pandemic, attackers seized upon the resulting vulnerabilities, leaving security teams stretched thinly and struggling to keep up, according to a new survey from CRA Business Intelligence, the research arm of cybersecurity information services company CyberRisk Alliance.

The data and insights in this report are based on an online survey conducted in early 2022 with 1,100 IT and cybersecurity decision-makers and influencers representing 11 countries. Participants ranged from chief executives to senior analysts or their equivalents across several continents. Roughly 100 participants were selected from each of the following countries: United States, Mexico, Brazil, United Kingdom, Germany, France, The Netherlands, Spain, United Arab Emirates, Australia, and Singapore. 

The survey was underwritten by global IT automation and security provider Infoblox, whose products, platforms and network services focus on DNS, DHCP and IP address management as well as cloud and virtualization.

Among the key findings:

• The surge in remote workers and highly distributed customer bases has changed the corporate landscape significantly – and permanently.
While some companies report they have shuttered physical offices for good, others still holding on to commercial properties must contend with remote staff or hybrid workplaces for the foreseeable future. As a result, some (%) moved more applications into the cloud and now rely on traditional network security staples such as VPNs and firewalls placed on corporate mobile devices. For employees using their own equipment, many companies are deploying solutions to monitor and manage DNS, DHCP and IP traffic moving in and out of servers. 
• The new workforce reality elevates concerns with data leakage, ransomware and attacks through remote access tools and cloud services. Respondents indicated concerns about their abilities to counter increasingly sophisticated cyberattacks with limited control over employees and vulnerable third-party partners. The sophistication of state-sponsored malware also is a source of worry for many.
• Organizations have good reason to worry: Most participants experienced up to five security incidents leading to at least one breach.
Attacks tended to originate with WiFi access points, employee-owned endpoints, or the cloud. Phishing was a common conduit to gain illegal entry to hijack credentials and steal or lock down data files. These weren’t minor events either; the study showed 40% suffered at least US $1 million in direct and indirect losses. 
• Interest in Secure Access Service Edge (SASE) frameworks is accelerating. As assets, access and security move out of the network core to the edge with the push for virtualization, 53% have already partially or fully implemented SASE and another 28% intend to do so.
• IT security budgets and spending increased for many in 2021, with even more security teams expecting a bump in budgets in 2022.
Many are considering primarily hybrid-oriented solutions that protect assets both on premises and in the cloud. And they are trying a wide variety of solutions – everything from end point and network security to cloud access security brokers, DNS security and threat intelligence services.

“Lots of organizations (52%) accelerated digital transformation efforts to support remote workers, while others (42%) increased support for remote customer engagement, but at what cost?” asks Matt Alderman, EVP at CyberRisk Alliance. “Our research highlights the extreme elevation of security risks associated with remote workers, remote networks, and cloud services, including ransomware and data leakage. To keep up, most organizations (72%) will increase spending in 2022 on a wide variety of endpoint and network security solutions, including SASE, to reduce the risk of remote workers. It’s taken us two years to get to this point and it will take us at least two years to mitigate all the risk.”

The full research report is available for download here.

About CyberRisk Alliance
CyberRisk Alliance (CRA) is a business intelligence company serving the high growth, rapidly evolving cybersecurity community with a diversified portfolio of services that inform, educate, build community, and inspire an efficient marketplace. Our trusted information leverages a unique network of journalists, analysts and influencers, policymakers, and practitioners. CRA’s brands include SC Media, Security Weekly, ChannelE2E, MSSP Alert, InfoSec World, Identiverse, Cybersecurity Collaboration Forum, its research unit CRA Business Intelligence, and the peer-to-peer CISO membership network, Cybersecurity Collaborative. Click here to learn more.

About Infoblox
Infoblox is the leader in next generation DNS management and security. More than 12,000 customers, including over 70% of the Fortune 500, rely on Infoblox to scale, simplify and secure their hybrid networks to meet the modern challenges of a cloud-first world. Learn more at https://www.infoblox.com.

Jenn Jones
CyberRisk Alliance
6178338853 ext.
[email protected]

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Digital Assets and the Future of Finance: Examining the Benefits and Risks of a U.S. Central Bank Digital Currency
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2022-06-03 16:20:25-04
Digital Assets and the Future of Finance: Examining the Benefits and Risks of a U.S. Central Bank Digital Currency

Central Bank Digital Currency

Chairwoman Waters, Ranking Member McHenry, and other members of the Committee, I am pleased to join you today. With technology driving profound change, it is important we prepare for the financial system of the future and not limit our thinking to the financial system of today. No decision has been made about whether a U.S. Central Bank Digital Currency (CBDC) will be a part of that future, but it is important to undertake the necessary work to inform any such decision and to be ready to move forward should the need arise.

There has been explosive growth in an emergent digital financial system built around new digital assets and facilitated by crypto-asset platforms and stablecoins as settlement assets. In recent weeks, two widely used stablecoins have come under considerable pressure. One widely used algorithmic stablecoin declined to a small fraction of its purported value, and the stablecoin that is the most traded crypto asset by volume temporarily dipped below its purported one-to-one valuation with the dollar.

These events underscore the need for clear regulatory guardrails to provide consumer and investor protection, protect financial stability, and ensure a level playing field for competition and innovation across the financial system. The recent turmoil in crypto financial markets makes clear that the actions we take now—whether on the regulatory framework or a digital dollar—should be robust to the future evolution of the financial system. The rapid ongoing evolution of the digital financial system at the national and international levels should lead us to frame the question not as whether there is a need for a central-bank-issued digital dollar today, but rather whether there may be conditions in the future that may give rise to such a need. We recognize there are risks of not acting, just as there are risks of acting.

Congress recognized the importance of safe, efficient, and widely accessible payments when it created the Federal Reserve and included payments as a core part of our mission. It entrusted to the Federal Reserve the issuance to the public of government, risk-free currency. The Federal Reserve has operated alongside the private sector, providing a stable currency and operating key aspects of the payments system, while also supporting private-sector innovation.

Today, physical currency provides the public with access to safe central bank money, exchangeable without concern for liquidity or credit risk. The share of U.S. payments made by cash has declined from 31 percent to 20 percent just over the past five years, and the share is even lower for those under age 45. As we assess the future digital financial system, it is prudent to consider how to preserve ready public access to safe central bank money, perhaps through the digital analogue of the Federal Reserve’s issuance of physical currency. At present, consumers and businesses do not consider whether the money they are using is a liability of the central bank, as with cash, or of a commercial bank, as with bank deposits. Confidence in commercial bank money is built upon deposit insurance, banks’ access to central bank liquidity, and banking regulation and supervision.

New forms of digital money such as stablecoins that do not share these same protections could reintroduce meaningful counterparty risk into the payments system. As we have seen, such new forms of money can lose their promised value relative to fiat currency, harming consumers or, at large scale, creating broader financial stability risks. We have seen before the risks posed by the widespread use of private monies. In the 19th century, active competition among issuers of private paper banknotes led to inefficiency, fraud, and instability in the U.S. payments system, which ultimately necessitated a uniform form of money backed by the national government. A predominance of private monies of this type could introduce consumer protection and financial stability risks because of their potential volatility and the risk of run-like behavior, as was demonstrated at a smaller scale in recent weeks.

In addition, if private monies—in the form of either stablecoins or cryptocurrencies—were to become widespread, we could see fragmentation of the U.S. payment system into so-called walled gardens. In some future circumstances, CBDC could coexist with and be complementary to stablecoins and commercial bank money by providing a safe central bank liability in the digital financial ecosystem, much like cash currently coexists with commercial bank money.

It is also important to consider the potential risks of a CBDC associated with disintermediating banks, given their critical role in credit provision, monetary policy transmission, and payments. In some circumstances, a widely available CBDC could serve as a substitute for commercial bank money, possibly reducing the aggregate amount of deposits in the banking system. And a CBDC would be attractive to risk-averse users during times of stress. Accordingly, if the Federal Reserve were to move forward on CBDC, it would be important to develop design features that could mitigate such risks, such as offering a non-interest bearing CBDC or limiting the amount of CBDC a consumer could hold or transfer.

The future evolution of international payments and capital flows will also influence considerations surrounding a potential U.S. CBDC. The dollar is the most widely used currency in international payments and investments, which benefits the United States by reducing transaction and borrowing costs for U.S. households, businesses, and government. In future states where other major foreign currencies are issued in CBDC form, it is prudent to consider how the potential absence or presence of a U.S. central bank digital dollar could affect the use of the dollar in global payments. For example, the People’s Bank of China has been piloting the digital yuan, and several other foreign central banks are issuing or considering issuing their own digital currencies. A U.S. CBDC may be one potential way to ensure that people around the world who use the dollar can continue to rely on the strength and safety of the U.S. currency to transact and conduct business in the digital financial system. More broadly, it is important for the United States to play a lead role in the development of standards governing international digital finance transactions involving CBDCs consistent with the norms of privacy, accessibility, interoperability, and security.

In January, the Federal Reserve issued a discussion paper, Money and Payments: The U.S. Dollar in the Age of Digital Transformation, to solicit input from the public on this important matter.1 The paper’s comment period closed on May 20, and as of that date, we had received nearly 2,000 comments from a wide range of stakeholders. We plan to publish a public summary of comments in the near future.

The paper emphasizes that a CBDC would best serve the needs of the United States by being privacy-protected, intermediated, widely transferable, and identity-verified. Consistent with these principles, many commenters emphasized the importance of privacy, suggesting innovative ways to protect the privacy of consumers and how to balance privacy with the prevention of financial crimes. It is very important to strike the right balance here, just as commercial banks provide strong privacy protections alongside robust controls to combat money laundering and the financing of terrorism. Other commenters emphasized the importance of a continued role for banks as intermediaries, as suggested by our paper. An intermediated system, in which private intermediaries, including banks, would offer accounts or digital wallets to facilitate the management of CBDC, would leverage the private sector’s existing identity frameworks and service provision to consumers while mitigating the risk of disintermediation.

As we move forward, it is essential that we continue to engage with Congress. I appreciate that members of this Committee are bringing a critical focus to this issue.


1. See Board of Governors of the Federal Reserve System, Money and Payments: The U.S Dollar in the Age of Digital Transformation (Washington: Board of Governors, January 2022).

Central Bank Digital Currency image by Silicon Palms

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Decentralized Identity Market to reach USD 11,489 million by 2030
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2022-06-04 21:54:23-04
Decentralized Identity Market to reach USD 11,489 million by 2030

Decentralized Identity Market to reach USD 11,489 million by 2030, at a CAGR of 94.6% – MDC Research

Decentralized Identity Market – Vendor Assessment (Company Profiles, Market Positioning, Strategies, Recent Developments, Capabilities & Product Offerings / Mapping), Technology Assessment (Developments & Economic Impact), Partner & Customer Ecosystem (Product Services, Proposition & Key Features) Competitive Index & Regional FootPrint by MDC Research

/EIN News/ — Pune, June 03, 2022 (GLOBE NEWSWIRE) — Decentralized Identity Market  by Vendor Assessment, Technology Assessment, Partner & Customer Ecosystem, type/solution, service, organization size, end-use verticals, and Region – Global Decentralized Identity Market Forecast to 2030, published by Market Data Centre, The Decentralized Identity Market is projected to grow at a solid pace during the forecast period. The presence of key players in the ecosystem has led to a compsetitive and diverse market. The advancement of digital transformation initiatives across multiple industries is expected to drive the worldwide Decentralized Identity Market during the study period.

This COVID-19 analysis of the report includes COVID-19 IMPACT on the production and, demand, supply chain. This report provides a detailed historical analysis of the global Decentralized Identity Market from 2017-to 2021 and provides extensive market forecasts from 2022-to 2030 by region/country and subsectors. The report covers the revenue, sales volume, price, historical growth, and future perspectives in the Decentralized Identity Market.

The Global Decentralized Identity Market size is projected to grow from USD 315 million in 2022 to USD 11,489 million by 2030, at a Compound Annual Growth Rate (CAGR) of 94.6% during the forecast period.

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Regional Analysis:

On the basis of Geography, the Global Decentralized Identity Market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World (RoW). North America is expected to hold a considerable share in the global Decentralized Identity Market. Due to increasing investment for research and development process and adoption of solutions in the region whereas Asia-Pacific is expected to grow at a faster pace during the forecasted period.

The growing number of Decentralized Identity Market players across regions is expected to drive market growth further. Moreover, increasing investments by prominent vendors in product capabilities and business expansion is expected to fuel the market during the study period. Many market players are finding lucrative opportunities in emerging economies like China and India, where the large populations are coupled with new innovations in numerous industries.

Market AssessmentTechnology AssessmentVendor Assessment
Market DynamicsKey InnovationsProduct Breadth and Capabilities
Trends and ChallengesAdoption Trends and ChallengesTechnology Architecture
Drivers and RestrainsDeployment TrendsCompetitive Differentiation
Regional and Industry DynamicsIndustry ApplicationsPrice/Performance Analysis
Regulations and Compliance Strategy and Vision


In deep ToC includes

233 – Tables

45 – Figures

300 – Pages

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Table of Contents                                                                           

1.      INTRODUCTION
1.1.   Market Definition
1.2.   Market Segmentation
1.3.   Geographic Scope
1.4.   Years Considered: Historical Years – 2017 & 2020; Base Year – 2021; Forecast Years – 2022 to 2030
1.5.   Currency Used
2.      RESEARCH METHODOLOGY
2.1.   Research Framework
2.2.   Data Collection Technique
2.3.   Data Sources
2.3.1.      Secondary Sources
2.3.2.      Primary Sources
2.4.   Market Estimation Methodology
2.4.1.      Bottom-Up Approach
2.4.2.      Top-Down Approach
2.5.   Data Validation and Triangulation
2.5.1.      Market Forecast Model
2.5.2.      Limitations/Assumptions of the Study
3.      ABSTRACT OF THE STUDY
4.      MARKET DYNAMICS ASSESSMENT
4.1.   Overview
4.2.   Drivers
4.3.   Barriers/Challenges
4.4.   Opportunities
5.      VALUE CHAIN ANALYSIS
6.      PRICING ANALYSIS
7.      SUPPLY CHAIN ANALYSIS
8.      MARKET SIZING AND FORECASTING
8.1.   Global – Decentralized Identity Market Analysis & Forecast, By Region
8.2.   Global – Decentralized Identity Market Analysis & Forecast, By Segment
8.2.1.      North America Decentralized Identity Market, By Segment
8.2.2.      North America Decentralized Identity Market, By Country
8.2.2.1.            US
8.2.2.2.            Canada
8.2.3.      Europe Decentralized Identity Market, By Segment
8.2.4.      Europe Decentralized Identity Market, By Country
8.2.4.1.            Germany
8.2.4.2.            UK
8.2.4.3.            France
8.2.4.4.            Rest of Europe (ROE)
8.2.5.      Asia Pacific Decentralized Identity Market, By Segment
8.2.6.      Asia Pacific Decentralized Identity Market, By Country
8.2.6.1.            China
8.2.6.2.            Japan
8.2.6.3.            India
8.2.6.4.            Rest of Asia Pacific (RoAPAC)
8.2.7.      Rest of the World (ROW) Decentralized Identity Market, By Segment
8.2.8.      Rest of the World (ROW) Decentralized Identity Market, By Country
8.2.8.1.            Latin America
8.2.8.2.            Middle East & Africa

ToC can be modified as per clients’ business requirements*

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Decentralized Identity Market 2022 – 2030 – Vendor Assessment (Company Profiles, Market Positioning, Strategies, Recent Developments, Capabilities & Product Offerings / Mapping), Technology Assessment (Developments & Economic Impact), Partner & Customer Ecosystem (Product Services, Proposition & Key Features) Competitive Index & Regional FootPrint by MDC Research
               

Key Questions Answered in This Report:

  • How does our product and services portfolio compare to leading competitors?
  • What are the key developments in customer demand given the changing economy?
  • What are the new pricing and consumption models in the marketplace and how should we align our portfolio?
  • What are the key decision drivers for services buyers?
  • How can we accelerate our bidding process?
  • What is the potential of the Decentralized Identity Market?
  • What is the impact of COVID-19 on the global Decentralized Identity Market?
  • What are the top strategies that companies adopting in Decentralized Identity Market?
  • What are the challenges faced by SME’s and prominent vendors in Decentralized Identity Market?
  • Which region has the highest investments in Decentralized Identity Market?
  • What are the latest research and activities in Decentralized Identity Market?
  • Who are the prominent players in Decentralized Identity Market?
  • What is the potential of the Decentralized Identity Market?

Vendor Assessment

Vendor assessment includes a deep analysis of how vendors are addressing  the demand in the Decentralized Identity Market. The MDC CompetetiveScape model was used to assess qualitative and quantitative insights in this assessment. MDC’s CompetitiveScape is a structured method for identifying key players and outlining their strengths, relevant characteristics, and outreach strategy. MDC’s CompetitiveScape allows organizations to analyze the environmental factors that influence their business, set goals, and identify new marketing strategies. MDC Research analysts conduct a thorough investigation of vendors’ solutions, services, programs, marketing, organization size, geographic focus, type of organization and strategies.

Technology Assessment

Technology dramatically impacts business productivity, growth and efficiency.Technologies can help companies develop competitive advantages, but choosing them can be one of the most demanding decisions for businesses. Technology assessment helps organizations to understand their current situation with respect to technology and offer a roadmap where they might want to go and scale their business. A well-defined process to assess and select technology solutions can help organizations reduce risk, achieve objectives, identify the problem, and solve it in the right way. Technology assessment can help businesses identify which technologies to invest in, meet industry standards, compete against competitors.

Business Ecosystem Analysis

Advancements in technology and digitalization have changed the way companies do business; the concept of a business ecosystem helps businesses understand how to thrive in this changing environment. Business ecosystems provide organizations with opportunities to integrate technology in their daily business operations and improve research and business competency. The business ecosystem includes a network of interlinked companies that compete  and cooperate to increase sales, improve profitability, and succeed in their markets. An ecosystem analysis is a business network analysis that includes the relationships amongst suppliers, distributors, and end-users in delivering a product or service.

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Regions and Countries Covered

North America (US, Canada), Europe (Germany, UK, France, Spain, Italy, and Rest of Europe), Asia-Pacific (Japan, China, Australia, India, Rest of Asia-Pacific), and Rest of the World (RoW).

Report Coverage

Decentralized Identity Market Dynamics, Covid-19 Impact on the Decentralized Identity Market, Vendor Profiles, Vendor Assessment, Strategies, Technology Assessment, Product Mapping, Industry Outlook, Economic Analysis, Segmental Analysis, Decentralized Identity Market Sizing, Analysis Tables.

About MDC:

Market Data Centre (Subsidiary of Yellow Bricks Global Services Private Limited)

Market Data Centre offers complete solutions for market research reports in miscellaneous businesses.These decisions making process depend on wider and systematic extremely important information created through extensive study as well as the most recent trends going on in the industry.The company also attempts to offer much better customer-friendly services and appropriate business information to achieve our clients’ ideas.

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