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Comodo Partnership Secures US Colleges and Universities with SSL

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In just the first year of a unique partnership, InCommon (incommon.org) and Comodo (Comodo.com) have issued tens of thousands of certificates to more than 120 colleges and universities across the United States.

InCommon, operated by Internet2, provides the U.S. research and higher education with a framework of trust for the safe sharing of online resources. Comodo is a leading certificate authority and Internet security organization, providing businesses and consumers with a variety of security and trust services.

The partnership between InCommon and Comodo CA Ltd. offers U.S. higher supporting education institutions with unlimited certificates for one annual fee, providing substantial cost and overhead savings. Subscribers may issue unlimited Secure Socket Layer (SSL) certificates, including extended validation (EV), client (personal) certificates, and code signing certificates for all of the domains they own or control such as .edu, .org, .net, .com and others.

“By offering unlimited SSL certificates, we’ve provided the potential for campuses to significantly reduce their certificate-related expenses,” said John Krienke, chief operating officer of InCommon. “Now that we have rolled out client (personal) certificates, we’ve set the stage for campuses to more easily adopt important services like signed email and second-factor authentication. Economics are no longer a limitation for certificate possibilities.”

One large state university system and current subscriber anticipates an annual savings of about $325,000. Additionally, many large, individual campuses report savings of $75,000-$90,000 per year.

“We are in the $15,000 bracket for large Internet2 members, so our cost savings is roughly in the $65,000-75,000 range annually compared to our previous certificate provider,” said one subscriber. “That ends up being a four-to-five-times return on investment.”

“We are proud of our partnership with InCommon and ability to deliver trust and savings to colleges and universities throughout the country,” said Melih Abdulhayoglu, CEO and chief security architect of Comodo. “These security measures will enable students and faculty members to perform secure communication and transactions online by fortifying the IT networks of higher education systems against security breaches and the leakage of digital information.”

Because institutions can issue an unlimited number of certificates, many now use valid certificates in their test environments. Some campuses have also done away with chargeback systems that were common when certificate purchases were distributed and done one at a time.

One subscriber commented: “The program paid for itself within one central department that used to purchase just 200 certs a year for $28,000. This department now picks up the $15,000 annual cost for the entire campus. A win-win-win all the way around.”

The InCommon Certificate Service is a non-profit, transparently operated service. Internet2 members receive a 25 percent discount. For more information, including a fee schedule and subscriber agreement, see incommon.org/cert.

About InCommon

InCommon provides the U.S. research and higher education with a framework of trust for the safe sharing of online resources. Through InCommon, research organizations and higher education institutions take advantage of a privacy-preserving, secure method to offer single sign-on convenience and standards-based security to their faculty, researchers, students and staff. Individuals no longer need to maintain multiple passwords and usernames, and online service providers no longer need to maintain user accounts. The educational institution or research organization manages the level of privacy and security for its constituents. The InCommon Certificate Service offers unlimited certificates to the U.S. higher education community for one fixed annual fee. For more information, see incommon.org.

About Internet2

Internet2 is an advanced networking consortium led by the research and education community. An exceptional partnership spanning U.S. and international institutions who are leaders in the worlds of research, academia, industry and government, Internet2 is developing breakthrough cyberinfrastructure technologies that support the most exacting applications of today—and spark the most essential innovations of tomorrow. Led by its members and focused on their current and future networking needs since 1996, Internet2 blends its human, IP and optical networks to develop and deploy revolutionary Internet technologies. For more information, see internet2.edu.

TEST YOUR EMAIL SECURITY GET YOUR INSTANT SECURITY SCORECARD FOR FREE Source: https://blog.comodo.com/it-security/comodo-partnership-secures-us-colleges-and-universities-with-ssl/

Cyber Security

Digitally Signed Bandook Trojan Reemerges in Global Spy Campaign

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The administrator of your personal data will be Threatpost, Inc., 500 Unicorn Park, Woburn, MA 01801. Detailed information on the processing of personal data can be found in the privacy policy. In addition, you will find them in the message confirming the subscription to the newsletter.

Source: https://threatpost.com/digitally-signed-bandook-trojan-spy-campaign/161676/

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Cyber Security

MacOS Users Targeted By OceanLotus Backdoor

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The administrator of your personal data will be Threatpost, Inc., 500 Unicorn Park, Woburn, MA 01801. Detailed information on the processing of personal data can be found in the privacy policy. In addition, you will find them in the message confirming the subscription to the newsletter.

Source: https://threatpost.com/macos-users-targeted-oceanlotus-backdoor/161655/

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Pandemic, A Driving Force in 2021 Financial Crime

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The administrator of your personal data will be Threatpost, Inc., 500 Unicorn Park, Woburn, MA 01801. Detailed information on the processing of personal data can be found in the privacy policy. In addition, you will find them in the message confirming the subscription to the newsletter.

Source: https://threatpost.com/2021-financial-crime-covid-19/161665/

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Big Data

Contactless payments market to reach US$ 26.3 billion by 2027

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Contactless Payments Market To Reach US$ 26.3 Billion By 2027

The global contactless payments market is expected to surpass US$ 26.3 Billion by 2027 end, registering a CAGR of 12.9% during the forecast period of 2019 to 2027), as highlighted in a report published by Coherent Market Insights.

Increasing demand for contactless payments from the retail sector is expected to drive market growth during the forecast period. Retailers are modernizing their brick-and-mortar stores to offer secure services to customers and establishing online stores to increase revenue.

They are adopting advanced technologies such as big data analytics and cloud computing to increase their presence in the market. Retail manufacturers are using contactless payments methods that provide many benefits, such as reduced transaction time, increased operational efficiency, increased revenue, minimized cost, and others. Contactless payment methods at retail stores reduce transaction process and queue in counter.

Moreover, governments are also focusing on introducing new payment methods in order to increase productivity and remain competitive in the market. For instance, in December 2016, the government of India launched BHIM app for Unified Payment Interface (UPI). The common UPIbased BHIM app allows the user to send and receive money through their mobile phones by linking their bank accounts. For instance, according to Coherent Market Insights’ analysis, the number of transactions done through the Bharat Interface for Money (BHIM) app reached 18.8 million in February 2020.

Contactless Payments Market – Impact of Coronavirus (Covid-19) Pandemic

According to Coherent Market Insight‘s study, globally, most of the countries are affected by COVID-19 and most of the countries have announced lockdown.Contactless payment have become more preferred payment method, as it requires less physical interactions.

Smartphone based payment interface and digital wallets are the potential solutions to contain the spread of coronavirus pandemic. Moreover, recent developments in digital payments have encouraged the use of contactless payment methods during this pandemic. For instance, in April 2020, Upgrade Inc., a U.S.-based loan company, launched new contactless credit card. The new credit card provides high transaction limit than other payment methods.

Moreover, bank authorities and card network in Germany, U.K., Austria, and other countries have set higher transaction limit, as people are staying at home and prefer shopping through payment cards only. For instance, U.K Finance Limited increased the transaction limit for contactless payment cards starting from 30 Euros to 45 Euros. This, in turn, increases demand for contactless payment solutions.

Key Trends and Analysis of the Global Contactless Payments Market:

  • Europe held dominant position in the global contactless payments market in 2019 and is expected to retain its dominance throughout the forecast period. This is owing to increasing payment through smart cards. For instance, according to the Electronic Transactions Association (ETA), contactless payments through Mastercard and Maestro increased by 145% in Europe in 2018. Furthermore, in 2019, according to Coherent Market Insights’ analysis, the transactions through contactless payment methods reached 651 million in the U.K.
  • Asia Pacific is expected to show significant growth over the forecast period. The increasing adoption of contactless payment methods from retail industry is fueling the market growth. Retailers are modernizing their conventional payment methods with contactless payment methods, in order to improve productivity and efficiency in the business.
  • Among device type, the smartphone segment held dominant position in the market in 2019 and is expected to retain its dominance during the forecast period. This is owing to increasing demand for live streaming from consumers. For instance, the online video streaming market is expected to exceed US$ 70,000 million in 2021 from US$ 30,000 million in 2016.
  • Major players operating in the global contactless payments market include Thales Group, Infineon Technologies AG, Ingenico Group, Wirecard, VeriFone, Inc., Giesecke+Devrient GmbH, IDEMIA, Track Innovations LTD., Identiv, Inc., CPI Card Group Inc., Setomatic Systems, Valitor, PAX, PINPAD, Mobeewave, alcineo, and Paycor, Inc.

Source: https://www.fintechnews.org/contactless-payments-market-to-reach-us-26-3-billion-by-2027/

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