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Cybersecurity Degrees in Massachusetts — Your Guide to Choosing a School

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This guide provides a quick overview of Massachusetts’ cybersecurity colleges. Other cybersecurity training resources, such as online degrees and certification programmes, are included in the guide.

Massachusetts is best known for Boston, Cape Cod, and Martha’s Vineyard, but the tiny northeastern state has much more economic clout than its small size suggests.

The Commonwealth of Massachusetts, also known as The Bay State, has by far the largest economy in New England. While its centuries-old and thriving shipping industry contributes to its strength, the state has reinvented its economy many times over the years.

It now has vibrant business communities in the fields of technology, finance, healthcare, education, and tourism. The Boston metropolitan area, which includes world-class healthcare and higher education institutions, accounts for roughly 80% of the state’s economy.

State authorities have long assumed that Massachusetts will play a leading role in whatever social and economic patterns are shaping society as a whole. It was technology and healthcare in the late twentieth century. Later on, the state was at the forefront of environmental reform and, most recently, universal healthcare insurance.

One of the state’s main goals right now is to become a leading force in cybersecurity, both in terms of its own planning and in terms of attracting the best cybersecurity minds and businesses to call Massachusetts home. Although Massachusetts’ long and illustrious past is often discussed, its present and future in the field of cybersecurity appear to be very promising.

Table of Contents

Growing importance of cybersecurity in Massachusetts

Healthcare and financial services have long been two of Massachusetts’ most powerful economic powers. They’re also one of the most common targets for cyber criminals these days. The state of Massachusetts is home to 12 Fortune 500 firms. State Street Corp., Liberty Mutual, and Massachusetts Mutual Life Insurance Company are three of the financial intermediaries. In addition, the state is a hotbed for venture capitalists.

In the late twentieth century, Massachusetts made a concerted effort to attract technology companies of all kinds and establish itself as a technology hub. The efforts yielded positive results. General Electric, Boston Scientific, Raytheon, Biogen, and Thermo Fisher Scientific are among the Fortune 500 companies headquartered in Massachusetts.

In recent years, the state government has made efforts to educate government employees and people about the dangers of information security. It has also provided educational services to assist local governments in protecting their structures and data. In September 2017, it also launched MassCyberCenter. Its goal is to ensure that citizens and businesses in the state are prepared for cyber threats, as well as to nurture the state’s cybersecurity ecosystem and place it as a leading provider of information security services and study.

Cybersecurity education in Massachusetts

As the state government works to place Massachusetts as a cybersecurity pioneer, new educational opportunities are emerging. The number of high-quality higher-education institutions in Massachusetts, especially in the Boston area, is one of the major draws for students. Several prestigious universities, including Harvard, Worcester Polytechnic, and Northeastern, are located in this area. All three of these universities have established cybersecurity degree programmes.

Although the number of degree and credential programmes available in Massachusetts is not overwhelming, students do have a lot of choices. Both Harvard and Northeastern are completely committed to training the next generation of cybersecurity professionals. There are also a number of other well-known institutions in the mix.

Whatever degree path students select, they will enter a rapidly expanding job market with an insufficient number of eligible applicants for open positions.

ASSOCIATE’S DEGREE

The cybersecurity job market is rapidly changing, and bachelor’s and master’s degrees are in higher demand than ever.

Associate’s degrees, on the other hand, have a place in the sector, thanks to a lack of trained cybersecurity practitioners. There are many entry-level work opportunities that only require an associate’s degree, which can help those who don’t have the time or money to complete a bachelor’s degree get a foot in the door.

Associate’s degree coursework can be applied as credit for a bachelor’s degree, reducing the time and resources needed to complete a four-year degree.

Campus-based associate’s degrees in Massachusetts

At the moment, four colleges deliver associate’s degrees in cybersecurity through campus-based programmes. In the table below, these are mentioned.

Online associate’s degrees in Massachusetts

Associate’s degrees in cybersecurity are also available online for those who prefer a more flexible option than attending classes on campus. However, in Massachusetts, there are currently only two such choices.

  • An associate of science degree in cybersecurity is available online via Massachusetts Bay Community College.
  • Quinsigamond Community College offers a computer science engineering technology associate’s degree online with a forensics programme.

BACHELOR’S DEGREE

Bachelor’s degrees are now necessary for the majority of information security jobs. Although a degree in almost any technology or STEM discipline is usually appropriate, cybersecurity degrees give applicants an advantage. And, as master’s degrees and Ph.D.s become more in demand from cybersecurity employers, a bachelor’s degree is usually needed to apply for postgraduate degrees.

Campus-based bachelor’s degrees in Massachusetts

At the time of publication, five different Massachusetts colleges offered five different bachelor’s degree programmes. Worcester Polytechnic Institute and Northeastern University are the frontrunners in this party. The complete list can be found below.

Online bachelor’s degrees in Massachusetts

There is currently only one online choice for obtaining a cybersecurity bachelor’s degree in Massachusetts. This Bay State University programme offers a bachelor’s degree in criminal justice with a focus on digital forensics and cybersecurity.

MASTER’S DEGREE

Master’s degrees in cybersecurity are becoming more popular, and for senior cybersecurity practitioners in a corporate environment, they are unquestionably the preferred route. Many employers are also demanding master’s degrees for advanced information security positions, such as Chief Information Security Officer. Master’s degrees are also widely recommended for careers in cybersecurity consulting, academia, or study for those destined for non-corporate environments. Continuing on to a Ph.D. would, of course, help advance an infosec career even more.

Campus-based master’s degrees in Massachusetts

Massachusetts has six campus-based cybersecurity master’s degree programmes, as shown in the table below. Boston University offers four of these options. Northeastern University and Worcester Polytechnic Institute offer the other two programmes. The table below contains more detail on these degree choices.

Online master’s degrees in Massachusetts

Master’s degrees in cybersecurity are also available via online delivery at Massachusetts colleges. There are currently six online options available from reputable institutions, the most well-known of which is Harvard. For more detail and links, see the sections below.

Ph.D. DEGREES

Currently, only one Massachusetts university offers a cybersecurity Ph.D. programme. A Ph.D. in computer science with a cybersecurity emphasis is available on campus at Worcester Polytechnic Institute. There are currently no Ph.D. programmes for cybersecurity practitioners offered by Massachusetts institutions.

CERTIFICATIONS

Some cybersecurity certifications are intended to include an introduction to information protection and, in some cases, a foot in the door, or at the very least, a stepping stone toward a degree. Other credential programmes are designed for cybersecurity professionals who want to advance their education or even replace a full advanced degree. Massachusetts learning institutions offer all types of qualifications, with a focus on specialised certificates.

Campus-based cybersecurity certifications in Massachusetts

Massachusetts colleges offer seven different cybersecurity certification options. For more statistics, see the table below.

Online cybersecurity certifications in Massachusetts

Massachusetts colleges offer nine certification programmes that can be completed entirely online. The following are some of them:

Cybersecurity jobs in Massachusetts

Massachusetts and New York stand out as cybersecurity hotspots in the Northeast United States. Massachusetts makes up for its lack of physical size with economic clout. One of the reasons for the importance of cybersecurity is the economy’s emphasis. According to research conducted by the United States Bureau of Labor Statistics, healthcare and education organisations were by far the biggest employers in the state in 2019. Because of the vast amount of personal and sensitive information they collect and store, healthcare organisations have become a favourite target for hackers. Technical and business services, which are also abundant sources of confidential data, are Massachusetts’ second largest job market.

The state of Massachusetts, like the rest of the world, is suffering from a cybersecurity skills shortage. According to Cyberseek, Massachusetts had just over 25,000 people working in cybersecurity-related jobs from October 2018 to September 2019, with around 13,400 cybersecurity work vacancies posted by Bay State employers. More than 11,600 of those jobs were in the Boston metropolitan area. Boston is home to a large number of health and educational institutions, as well as being the Northeast’s second largest financial hub after New York City.

According to the US Bureau of Labor Statistics, cybersecurity analysts in Massachusetts receive an average hourly wage of $52.11 and an annual income of $108,400 as of May 2018. Both wage rates are far higher than the national average. The high cost of living and high tax burden in Massachusetts are the only drawbacks. Both are among the country’s best. Nonetheless, there will be plenty of lucrative job opportunities in Massachusetts, especially in the Boston area, for many years to come.

The following job titles are at the top of the list of cybersecurity job titles in Massachusetts:

  • Cybersecurity Engineer
  • Cybersecurity Analyst
  • Cybersecurity Administrator/Manager
  • Software Developer/Engineer
  • Cybersecurity Consultant
  • Penetration Tester/Vulnerability Assessor
  • Network Engineer/Architect
  • Systems Engineer
  • IT Auditor

Cybersecurity in Massachusetts

Massachusetts has always defied its small scale, even when it was a colony, and has been a major economic power. Despite the apparent benefit of having access to the Atlantic Ocean, the citizens of Massachusetts continue to adopt a leadership mentality. Today, the Commonwealth is focused on becoming a cybersecurity pioneer, and there is no reason to suspect that it will succeed.

There are plenty of highly respected, if not prestigious, colleges and universities in the state that can train and educate tomorrow’s cybersecurity leaders. And the government is fully committed to developing the technologies and capacity needed to protect Massachusetts’ data. There is still a shortage of skilled professionals, as there is anywhere else, and demand is increasing rapidly.

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Source: https://cybersguards.com/cybersecurity-degrees-in-massachusetts-your-guide-to-choosing-a-school/

Cyber Security

How to Start a Cybersecurity Company

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How to Start a Cybersecurity Company- Start with the basics if you’re thinking about starting a cybersecurity company. To ensure your success, make sure you have the necessary credentials, money, structure, and business strategy.

It’s no wonder that cybercrime is on the rise in an increasingly digital society. The cost of doing business is also increasing. According to a 2019 IBM research, the typical data breach costs $3.92 million.

Because of the enormous financial risks, cybersecurity services are in high demand. Large corporations can afford to hire cybersecurity experts. Small and midsized organisations, on the other hand, can rarely afford full-time cybersecurity staff.

This is where your cybersecurity knowledge may be turned into a profitable security solutions company.

You can assist these smaller businesses in avoiding cyber hazards such as data breaches, cyberattacks, malware, phishing scams, and other online concerns.

Businesses are paying $150 per hour or more for experienced cybersecurity consultants to help defend systems and networks against cybercrime, according to PayScale statistics.

If you’re considering launching a cybersecurity company, you can put your abilities to work and get a piece of this lucrative market. But first, you should create the framework for a successful business by following these steps.

Table of Contents

Get the Right Professional Certifications

Someone must trust you to complete the task correctly before they will hire you. A bachelor’s degree in information technology, computer science, or a related discipline indicates that you have the necessary skills to launch a cybersecurity or IT-related company.

However, degrees do not provide the practical experience that clients seek. Certifications are another technique to establish credibility and demonstrate that your talents are useful and relevant.

Here are a few of the most well-known cybersecurity certifications:

  • Certified Ethical Hacker Certification: The EC-Council issues this certification to cybersecurity professionals who test networks or systems and look for security weaknesses. The exam costs $100 and takes around four hours to complete. It has 125 questions.
  • GIAC Security Essentials Certification (GSEC): This certification is offered by Global Information Assurance Certification (GIAC) and validates the information security knowledge of IT professionals. It takes roughly five hours to finish the test, which includes 180 questions and costs $150.
  • Certified Information Systems Security Professional (CISSP): (ISC)² issues the CISSP, which shows your ability to design, implement, and maintain an effective cybersecurity programme and security systems. The exam is limited to 150 questions, lasts three hours, and costs $699.
  • Certified Cloud Security Professional (CCSP): The (ISC)² also issues this certification, which shows potential clients that you have the skills to design, maintain, and secure cloud data, applications, and infrastructure. This exam costs $599 and takes four hours to complete. It has 125 questions.
  • CompTIA Cybersecurity Analyst (CompTIA CySA+): The CompTIA CySA+ exam assesses candidates’ threat detection skills, ability to analyse and interpret data, and ability to find security issues. The exam lasts just under three hours and includes up to 85 questions. It costs $359.
  • ISACA’s Certified in the Governance of Enterprise IT (CGEIT): The CGEIT certification demonstrates test-takers’ ability to audit, control, and secure information systems. The exam costs $760 for non-ISACA members and $575 for ISACA members. The exam is four hours long and consists of 150 questions.
  • ISACA’s Certified Information Security Manager (CISM): ISACA also issues the CISM. This certification verifies that you possess the necessary technical skills to manage information systems and IT security. Nonmembers will pay $760, while members will pay $575. It has 150 questions and will take you four hours to finish.

While skills and certifications are important, they are only one part of a successful cybersecurity startup strategy. You must also develop and implement a business plan.

Develop a Business Plan Tailored to Cybersecurity

A business plan serves as a foundation for your company. It should include information on your company’s structure, strategy, goals, and budget, among other things. The Small Business Administration (SBA) of the United States has put together some helpful guidelines for what should be included in your business plan:

  • an executive statement that explains your cybersecurity business and why you think it will succeed
  • a thorough description of your business
  • a competitive market analysis to define your target market and identify your competitors, who could be cybersecurity consultants or general IT service providers.
  • your marketing and sales strategy your legal framework for your business the products or services you plan to offer your legal structure for your business
  • your financial/budgetary strategy
  • financial forecasts on when your business will be profitable

Let’s look at some of the important elements of this business plan in more detail.

Define Your Target Market and Analyse it

You must decide on the emphasis of your cybersecurity firm early on.

Some companies choose to become experts in a specific subject or industry. Do you wish to target a specific industry, such as finance or healthcare, for example?

Others prefer to specialise in a certain area of cybersecurity. Regardless of industry, they may desire to be known for their extensive knowledge of access control or network security.

This choice should be based on both your skills and a market analysis. You can spot possible opportunities if you know who your competitors are.

These essential questions have been identified by Inc. to assist you in evaluating the competition:

  • Who are your current competitors?
  • What are your competitors’ strengths and weaknesses?
  • How are you different from the competition?
  • How can you take market share away from competitors?
  • How might competitors react when you enter the market?

A SWOT analysis, which stands for strengths, weaknesses, opportunities, and threats, can also be used. This is a tried-and-true approach of evaluating a business, product, or service in the market. It’s akin to conducting a risk analysis for your new cybersecurity solutions.

You must choose a legal structure for your business after deciding on a focus and researching the competitors.

Choose your Company’s Legal Structure

Your company’s legal framework is crucial. Everything from day-to-day operations to taxes and financial hazards is affected. Here are the five most prevalent business structures, as explained by the SBA:

  • Sole proprietorship: This is the most basic form, and it’s also the simplest to set up because there’s really nothing to set up. It’s a firm conducted by a single person who files a personal tax return to record the company’s income and losses. Because there is no legal distinction between you and your business, you might be held personally liable for its debts and responsibilities.
  • For businesses held by two or more persons, the most basic structure is a partnership. Profits are reported on personal tax returns by each individual. Limited partnerships (LPs) and limited liability partnerships (LLPs) are the most prevalent types of partnerships (LLP).
  • Except for at least one general partner, most LP partners can have limited liability. Limited liability partners, on the other hand, have limited control. In an LLP, each member has limited liability and is protected from the partnership’s debts.
  • L.L.C. (Limited Liability Company): A limited liability company (LLC) is a cross between a single proprietorship and a partnership. It restricts the liabilities of the owners and keeps your personal assets distinct from your firm. However, owners must record all business revenue and costs on their personal income tax returns.
  • S corporation: An S corporation is a business that pays itself a salary and is responsible for all payroll taxes. Any residual earnings can be transferred as payments to the owner(s). The benefit is a lower tax rate on distributions, but there are more costs, requirements, and paperwork with this option.
  • C corporation: A corporation is a separate legal entity that can make a profit, be taxed, and be held legally liable under this form. It can have an unlimited number of shareholders with limited liability for the company’s debts, but any earnings can be taxed.

Before deciding on a structure, consult with business advisors, accountants, and attorneys to determine which option is best for you.

Obtain a Business Licence, a Bank Account for your Firm, and a Credit Card for your Company

To launch your cybersecurity firm, you’ll need to check with state and local organisations to see what business licences or permits are required. Unlike many other professions, you don’t need a federal licence to work in this industry (yet).

Many jurisdictions will not offer you a licence unless you have general liability insurance. You must also maintain workers’ compensation insurance if you have employees.

You might be tempted to simply open an account with your personal bank when opening a business bank account. Not so quickly!

Consider fee-free bank accounts offered by internet, national, or local institutions. NerdWallet has a helpful guide to locating low-cost business bank accounts that will help you save money.

You might also want to think about getting a business credit card, which can help you keep your personal and business finances separate.

A company credit card usually has better conditions and limitations than a personal credit card. It will provide you with a revolving credit line and often includes benefits such as rewards points and cash back incentives.

Any small firm, regardless of its legal structure, can get a business credit card. However, sole proprietors and most new businesses’ credit scores will determine which cards and offers are available to them.

Secure Funding and Set a Budget

A variety of funding sources are available to assist you in getting your firm off the ground. You can look into loans, grants, and angel investors in addition to your own money.

These are choices that many cyber entrepreneurs pursue. In fact, according to a recent estimate, cybersecurity venture capital funding totaled $5.3 billion.

These investors advertise that they are looking for cybersecurity firms to invest in:

  • Strategic Cyber Ventures
  • ForgePoint Capital
  • AllegisCyber Capital
  • Cyber Capital Partners
  • TenEleven Ventures
  • Intel Capital

Setting and keeping to a budget is also crucial when launching a new cybersecurity company. The Balance has a wealth of money-management advice, including:

  • Set sales revenue goals.
  • Recognize your running costs.
  • Keep an eye on your cash flow.
  • Put money aside for an emergency fund.

Find the Right Location

Fortunately, businesses all across the country require cybersecurity services. Of course, Hawaii can only accommodate a certain number of cybersecurity specialists.

When determining where to set up shop, you should consider your start-up cash, whether or not you will need to hire, and the nature of your business. You have the following options:

  • Working from home has a number of advantages for small business owners. There are no long commutes or workplace interruptions, and you have a better work-life balance. However, it can be lonely, and staying on track necessitates self-discipline.
  • Coworking spaces: This alternative provides flexibility as well as a variety of perks and conveniences, as well as the workplace culture that working from home lacks. However, the predetermined hours, lack of solitude, and limited space for growth may not suit your needs.
  • Buying or leasing an office: Having a commercial office space for your company provides tax benefits and fixed costs, but the initial costs can be high. This solution also lacks the flexibility of a home office or a shared workspace.

If you rent or lease a place, you’ll need commercial property insurance as well. This policy is usually included in the rental agreement and protects your company’s facility, furnishings, supplies, and equipment.

If you or your workers go to your clients’ locations to provide on-site services, you may need commercial auto insurance, regardless of where your cybersecurity firm is located. If you use your car for business, your personal auto insurance may not be enough protection.

Market your Services

Customers are the one thing that your company cannot exist without. And marketing is the vehicle through which they are delivered.

Consider hiring or outsourcing marketing to specialists in the sector if you don’t plan to do it yourself. You’ll require their assistance in launching your product, brand, and services.

Start with the basics before moving on to more advanced marketing techniques. A well-designed website is only the beginning for a cybersecurity firm.

Because your website is likely your most valuable marketing tool, you need to do it correctly. Make sure to stay away from these typical website blunders. You’ll also need to choose the correct domain name, design an appealing user interface, and optimise the site for search engines, among other things.

If you don’t want to perform the work yourself, your in-house or outsourced marketing can help you. If you’re willing to put in the effort, Google can be your best buddy.

Search engines and social media outlets can help potential clients locate your website. On networks like LinkedIn, Facebook, and Twitter, you can develop an active social media presence. Make use of these to market your company and to share cybersecurity news and articles. You could engage a content expert to assist you develop a blog if your budget permits it.

Offline marketing should be explored by cybersecurity companies as well. For any new business, networking is an essential asset. Conferences on cybersecurity provide excellent opportunities to network with possible partners and clients.

The top cybersecurity conferences are listed in Security Magazine. RSA, Women in Cybersecurity, InfoSec World, and the National Cyber Summit are all good places to start.

Carefully Draught Client Contracts

Always execute a customer service agreement before starting a new project. This contract should spell out your and your client’s expectations. Even if it wasn’t your fault, a failing project without legal protection can jeopardise your career.

The agreement should specify the scope of work, intellectual property ownership, payment terms, and liabilities/indemnification to decrease the possibility of lawsuits. To protect both parties, have an attorney review or create client contracts with you.

Many client contracts may stipulate that you obtain cyber liability insurance to cover potential losses in the event of a data breach.

You should consider technological errors and omissions (E&O) insurance even if it isn’t stated in the contract. This policy will protect you if you are sued for a mistake at work. Cyber liability insurance is now included in most technology E&O policies.

Hire Quality Employees

Congratulations on growing your business to the point that you can hire others! The Small Business Administration gives helpful instructions for setting up your employee onboarding process without an HR representative.

To evaluate potential candidates’ credentials and expertise, conduct extensive interviews and background checks. Make sure to follow all federal and state requirements when conducting these audits. To protect yourself and your employees, you’ll need workers’ compensation insurance once you start employing.

To defend against employee theft, fraud, or unauthorised data access, you may want to obtain fidelity bonds.

Protect Your Investment and Your Future

Investing in yourself and your future with a new business is a wise decision. We specialise in assisting cybersecurity companies in protecting themselves and limiting their risk. Our licenced insurance agents would be pleased to talk with you about your company’s condition and determine the best solutions for you.

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Source: https://cybersguards.com/how-to-start-a-cybersecurity-company/

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Cyber Security

Vulnerabilities in the Drawings SDK Made by ODA Impact Siemens and Other Vendors

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Open Design Alliance SDK

Eight vulnerabilities discovered in the Open Design Alliance (ODA) Drawings software development kit (SDK) affect Siemens and presumably other vendors’ products.

ODA is a non-profit company that develops software development kits (SDKs) for engineering applications such as CAD, GIS, building and construction, product lifecycle management (PLM), and the internet of things (IoT). According to the organization’s website, it has 1,200 members globally, and its products are used by big corporations such as Siemens, Microsoft, Bentley, and Epic Games.

ODA’s Drawings SDK, which is designed to provide access to all data in.dwg and.dgn design files, is affected by several vulnerabilities that can be exploited by convincing the targeted user to open a specially crafted file, according to Mat Powell and Brian Gorenc of Trend Micro’s Zero Day Initiative (ZDI).

The weaknesses were uncovered by ZDI researchers in Siemens‘ JT2Go 3D JT viewing tool, however additional investigation indicated that the problems were caused by the Drawings SDK.

According to ODA’s website, the SDK is the “dominant technology for interacting with.dwg files,” with hundreds of organisations using it in thousands of applications. As a result, the flaws are expected to affect a wide range of products, but has yet to see any vendor advisories.

ZDI’s communications manager, Dustin Childs, said the business anticipates Siemens releasing updates soon.

“There may be additional suppliers who are similarly impacted,” Childs told SecurityWeek, “but we’re not sure how many others use the compromised SDK.”

Out-of-bounds, inappropriate check, and use-after-free concerns have been defined as the vulnerabilities, which have been classified high and medium severity. By convincing the intended user to open specially constructed DWG or DGN files with an application that uses the SDK, they can be used to cause a denial of service (DoS) condition, execute arbitrary code, or gather potentially sensitive information.

However, Childs pointed out that an attacker would need to combine one of the code execution flaws with a privilege escalation weakness in order to gain complete control of a system.

These weaknesses are listed on the security advisories area of ODA’s website, but it’s unclear if the company actively alerted customers about the flaws and patch availability – remedies are included in version 2022.5.

ODA has not responded to repeated requests for additional information or comments on these issues.

Companies that utilise the Drawings SDK should update to version 2022.5 or later, according to the US Cybersecurity and Infrastructure Security Agency (CISA).

CISA issued another notice in May for seven identical Drawings SDK vulnerabilities.

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Source: https://cybersguards.com/vulnerabilities-in-the-drawings-sdk-made-by-oda-impact-siemens-and-other-vendors/

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Big Data

World Mobile Token Ltd looks to raise $40M in Cardano-based native token sale

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World Mobile Token Ltd looks to raise $40M in Cardano-based native token sale

World Mobile Token Ltd, which is enabling a new global mobile network built on the sharing economy, announces the launch of its utility-based World Mobile Token (WMT) on the Cardano blockchain. The company aims to raise 40 million USD within the first five weeks of the public sale on top of the 5 million USD it has raised privately.

The KYC application opens on June 15th, when participants will be able to create their private WMT vaults. Applicants will be notified when they are approved and it’s their turn to purchase tokens with ADA, BNB, BTC, DAI, or ETH. Participants will need a Cardano address to make a purchase, and will have 24 hours to do so.

Globally 1.7 billion adults remain unbanked, according to the World Bank. Despite many of the technological advancements many of us take for granted, most traditional banks require a manual onboarding process and rely on credit bureaus to verify client identity. These manual, in-person procedures deny many demographics from basic services, such as the ability to open an account, apply for a loan and mortgage, or obtain access to other financial opportunities.

The World Mobile Network aims to bring sustainable connectivity to communities, in Africa and beyond, through the WMT sharing economy. The company sells affordable network nodes to local business owners and implements blockchain-based digital IDs, in turn empowering the African continent with greater economic freedom, digital inclusion, blockchain adoption, and connection to the Internet.

The World Mobile Network already operates in East Africa. Starting with Tanzania and Kenya, the company aims to bring sustainable connectivity to communities through the sharing economy. WMT will power the World Mobile Network ecosystem, allowing World Mobile Network users access to digital banking, healthcare, digital identification, and educational institutions.

“The launch of our native utility token on the most promising blockchain out there really pushes our vision forward,” says Sean Inggs, Director of World Mobile Token Ltd. “WMT will fuel our ecosystem to empower thousands to obtain access to basic necessities including identification, access to education, banking and other fundamental services.”

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Source: https://www.fintechnews.org/world-mobile-token-ltd-looks-to-raise-40m-in-cardano-based-native-token-sale/

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Big Data

BBVA Mexico claims first contactless biometric payment card from Visa issued in Latin America

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BBVA Mexico is launching a pair of new payment card offerings in collaboration with Visa, one of which features fingerprint biometrics for payment security.

The Smart Key is the first contactless Visa credit card with biometrics offered in the region, according to the announcement. It, along with the Aqua card is made with up to 86 percent recycled material. Both are issued without personalized data printed on the card, while the Aqua card also features a dynamic verification code (CVV).

The bank has 23.7 million customers, 54 percent of whom use the digital channel through the BBVA Mexico App. Of those customers, 5.4 million have credit cards, and 21.2 million have debit cards.

Contactless biometric payment cards from Thales with Fingerprint Cards sensors were certified by Visa last year.

Visa Senior VP and Head of Global Clients Mark Jamison says that “consumer expectations are getting higher and higher and they expect fast and frictionless payment experiences. They are embracing the speed, hygiene and security that contactless payments offer and are becoming more familiar with new forms of biometric authentication in their digital experiences.”

Smart Key biometric payment cards are expected to launch soon for its Patrimonial and Private Banking clients, before becoming available to all clients.

“It is more than a card, this new next-generation device will arrive to transform the means of payment,” states BBVA Mexico General Director of Customer Solutions Hugo Nájera Alva. “We are the first bank in Mexico and on the American continent to put in the hands of our clients a credit card with the latest technology in biometric identification. Through the fingerprint you have access to the most secure, personal and easy-to-use payment experience.”

BBVA has been rapidly adopting biometrics, adding Nok Nok technology to its mobile banking services and Veridas for onboarding across its global operations.

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Source: https://www.fintechnews.org/bbva-mexico-claims-first-contactless-biometric-payment-card-from-visa-issued-in-latin-america/

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