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RIP Blackberry?

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Update: check the latest version of Comodo’s free mobile security app



Once upon a time, the Blackberry from RIM was the most popular and prestigious device to own in the emerging class of products known as smartphones. People used to joke about the “Crackberry” addiction. Having a Blackberry put you in league with the world’s power elite in business and government.

No more. Beginning with the introduction of iPhone in 2007 and Android based phones in 2008, the Blackberry share of the mobile device market has steadily dwindled.  Considering recent news, you have to wonder if the end is near.

Look at these headlines from just today:

  • Blackberry Sales Tumble 45% in $965M 2Q Loss (Bloomberg)
  • T-Mobile U.S. Stops BlackBerry Retail (Zacks Equity Research)
  • Silver Lake boss on buying BlackBerry: No thanks (CNBC)
  • Outrage over executive pay at BlackBerry (CNBC)
  • Gartner to IT shops: Game over for BlackBerry (Computerworld)

Funny thing though, the RIM stock is actually up today because their losses are not as bad as the market expected. Go figure!  Day to day market often seem to defy logic, which is one reason I got out of investment sales 30 years ago!

Still, I expect that if the company survives it will end up being a semblance of its former self. It will probably retreat entirely from the smartphone market and is currently up for sale.

This is a cautionary tale for any company that achieves iconic status, especially in the technology field. Times change and they can change quickly. Today’s generation has long forgotten technology giants like Wang, Digital Equipment, Sperry and Lotus. But wasn’t it just yesterday that Netscape, MySpace and Infoseek ruled the web?

Even companies like IBM and Microsoft, who took their turns at dominating the technological, business world have lost much of their luster. Their names no longer have the meaning in the cultural zeitgeist as they did at their peak.

If Blackberry, the once king of smartphones is dead, then long live the new kings. The consumer market for tech is like a fickle lover, quick to change the object of its affections. In this very competitive world, folks at Samsung. Apple, Google and other pretenders to the throne will have to work the royal rears off to be kings of the hill.

That makes the demise of Blackberry not so much a tragic tale, but the price of progress.

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TEST YOUR EMAIL SECURITY GET YOUR INSTANT SECURITY SCORECARD FOR FREE Source: https://blog.comodo.com/mobile-security/what-is-rip-blackberry/

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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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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