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Cyber Security

Time to Upgrade: Say Goodbye to 1024 bit SSL

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1024 bit SSL certificates are about to be obsolete.After January 1, 2014 the 1024 bit SSL Certificate will join floppy disks and gopher servers in the grave yard of forgotten technologies. A new standard set by the Certification Authority/Browser (CA/B) Forum required that SSL certificates issued after January 1, 2014 must have a key length of at least 2048-bit.
What do you mean by “key length”?An SSL Certificate includes a value that is used to encrypt message for secure communication. The value is represented by a combination of 1s or 0s, each digit is called a bit in computer speak.Why is Key Length Important?The more bits in the key the more possible values can be represented. The key needs to be large enough so that it cannot be discovered with a brute force attack. In a brute force attack, you simply try every possible combination until you come across the correct one.What’s the problem with 1024 bits?

With 1024 bit key I can represent a lot of values, would seem to be plenty. You have to use scientific notation for the number, 2^1024=1.797693134862315907729305190789e+308.

If you haven’t used scientific notation lately, you have to move the decimal place 308 places to the right inserting zeroes when you reach the “e”. That is a really big number! Unfortunately, with the steady growth of computing power, it will soon be not enough. Before that happens, it is important that internet security moves to the stronger 2048 bit.

How Do I Know if My Certs are 2048-bit?
Just go to the following page and you can generate a discovery report to see if their certs are 2048, and it’s free!

http://www.comodo.com/enterprise/discovery-report.php

Action Required: What do I need to do?

If you own any 1024-bit certificates expiring this year, you must renew them by generating a 2048-bit or higher CSR.  If you have certificates expiring in 2014 or later you need to replace and upgrade all 1024-bit certificates with 2048-bit.  The deadline was October 1st, so if you have not done so you are past due!

TEST YOUR EMAIL SECURITY GET YOUR INSTANT SECURITY SCORECARD FOR FREE Source: https://blog.comodo.com/e-commerce/time-to-upgrade-say-goodbye-to-1024-bit-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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Cyber Security

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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