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EMVCO REPORTS 6.1 BILLION EMV CHIP PAYMENT CARDS IN GLOBAL CIRCULATION

EMVCO REPORTS 6.1 BILLION EMV CHIP PAYMENT CARDS IN GLOBAL CIRCULATION

Latest figures highlight progression of EMV chip card issuance and increase in EMV chip-based transaction volumes to more than half of all card-present payments 

Official figures of aggregated data published by technical body EMVCo show that by the end of 2016, the number of EMV® payment cards in global circulation had increased by 1.3 billion in the previous 12 months to a total of 6.1 billion*.

The data also highlights that 52.4% of all card-present transactions conducted globally between January and December 2016 used EMV chip technology, up from 35.8% for the same period in 2015. To qualify as an EMV transaction, both the card and terminal must be EMV-enabled.

“Implementation of the EMV chip infrastructure globally offers real benefits to merchants, acquirers, card issuers and consumers as the specifications support features for reducing the fraud that results from counterfeit and lost and stolen payment cards,” commented SoumyaChakrabarty, EMVCo Executive Committee Chair. “Therefore, the higher the adoption of EMV technology worldwide, the more robust the entire infrastructure becomes. We also recognise that more recent data will reflect higher adoption rates than the January to December 2016 reporting period, given the current pace of migration in regions such as the US and Asia.”

The latest statistics show that the percentage of EMV enabled chip card issuance has continued to increase across all regions:

  • Europe Zone 1, EMV chip card adoption rate: 84.9% (up from 84.3% in 2015).
  • Canada, Latin America and the Caribbean, EMV chip card adoption rate: 75.7% (up from 71.7% in 2015).
  • Africa and the Middle East, EMV chip card adoption rate: 68.7% (up from 61.2% in 2015).
  • Europe Zone 2, EMV chip card adoption rate: 63.7% (up from 52.3% in 2015).
  • United States, EMV chip card adoption rate: 52.2% (up from 26.4% in 2015).
  • Asia Pacific, EMV chip card adoption rate: 38.8% (up from 32.7% in 2015).

Europe Zone 1 continued to have the highest penetration of card-present transactions made with a chip card (97.8%). This was closely followed by Canada, Latin America & the Caribbean at 90.7%, Africa and the Middle East at 90.2%, and Europe Zone 2 at 86.6%.

The US and Asia demonstrated notable increases as they continue migrating card-present based payments to EMV chip technology.

To see the full data, visit the EMVCo website.

Soumya concluded: “It is important to note that the EMV Chip Specifications are continually evolving. As the needs of the industry advance and new payment technologies are launched, EMVCo is committed to working with the industry to develop the chip acceptance infrastructure to provide a secure foundation for emerging face-to-face payment technologies.”

EMVCo encourages users of EMV chip technology to engage in the EMVCo Associates Programme or become a Subscriber. The participation programme enables interested parties to contribute to the EMV Specifications and stay well informed of the latest developments.

Technology

The Derry Group launches new employee engagement and communications app

The Derry Group launches new employee engagement and communications app 1

The Derry Group, a one stop shop for the distribution, storage and order picking of chilled and frozen products has today announced the launch of its new employee engagement app, Thrive.App.

Their flagship company Derry Refrigerated Transport is a leading service provider for chilled and frozen distribution throughout Ireland, the UK and Europe. Derry Refrigerated Transport is the first haulage company in Ireland to sign up to the newest self-service, rapid deployment Thrive.App which brings together the key features needed for businesses to power up their internal communications for their frontline teams.

With hundreds of employees working across multiple locations in Ireland, communication, organisational engagement and information sharing is essential for the growing business.

In order to meet the additional challenges presented by the current global pandemic and the fact that the company works out of various locations throughout the country The Derry Group recognises the need to look at new ways in which all employees can more effectively communicate and share information with each other.

Commenting on the deployment of the new Thrive.App, Patrick Derry, Managing Director, said,

“We have worked hard to build and transform our business to what it is today, and our employees are key to our success. It is important to us that we give them everything they need to carry out their roles successfully as well as feeling supported and recognised for what they do. With the Thrive.App our employees can now easily access the information they need to support them in their role, they see important updates as they occur, and they know what is happening across all areas of the business.

The launch of Thrive.App will bring everyone closer together, which is particularly important during the current challenges of Covid19 and the fact that we have teams in various parts of the country.

The Thrive team have provided the best support and guidance in helping us to launch the employee app and we are confident they will continue to support us to make it a success across our organisation.”

James Scott, CEO, Co-Founder of Thrive, adds; We are delighted to help and welcome The Derry Group as a new client and look forward to working together to ensure their employee communications and engagement app is a success and loved by their teams within the Group structure whether based in Armagh, Dublin or Cork. 

Our goal is to help organisations in shifting their communications from traditional methods such as printed newsletters, notice boards and team briefings to instant, modern apps and we have loved helping The Derry Group do this. We look forward to seeing the direct positive impact the app will have on their employee communications and engagement.”

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Technology

EaseUS Free Data Recovery Software Recover Lost And Erased Documents

EaseUS Free Data Recovery Software Recover Lost And Erased Documents 2

Have you anytime inadvertently masterminded erased or lost data from your work territory or PC? In case along these lines, by then you ought to appreciate the mistake and free for all such a scene causes. EaseUS Data Recovery Wizard is a free data recovery software that is made to encourage your torture. It has a simple to-utilize interface and is anything but difficult to use.

You can recover reports of different sorts going from pictures, messages, mp4 records, and extensively more. The data recovery writing computer programs is freed from any costs and is flawless with various stages. We have recorded down the key preferences and utilization of EaseUS best information recuperation programming to give you a superior comprehension of the item. Rapidly, there are three phases to utilizing this free recovery programming.

EaseUS Free Data Recovery Software Recover Lost And Erased Documents 3

Establishment and Launch

To run the item, you will simply need to present the .exe record. The planning wizard will control you through the undeniable advances, and inside minutes you would have presented the free data recovery programming. The item has an unblemished interface with images at the top corner for express features or requests. An ordinary customer can without a very remarkable stretch change the item as per their necessities.

Examining

In the wake of impelling the free data recovery programming, pick the sort of record you have to recover from the presentation page. Next, you will be drawn closer to pick the drive where you have to play out the compass. Along these lines select the fitting drive or coordinator in like way. EaseUS confines your choice of clear to a lone coordinator or drives.

You can perform two kinds of ranges with EaseUS Data Recovery Software;

Significant Scan

Quick Scan

A quick scope takes commonly less time yet will give limited results. Significant Scan does progressively comprehensive separating of the concentrated on the spot. You can “Passage Scan Status” to save your checked results for quite a while later on.

Restoring of records

In the wake of searching for the principal records select the particular reports and snap onto the restore decision. You can pick all records additionally to restore. The free data recovery programming gives quality features to possible customers. Nevertheless, purchasing absolute programming will open different other helpful features.

Features of EaseUS Data Recovery Wizard

The data recovery programming makes plate pictures for smart for energetic record recovery. You can recover data from different sorts of contraptions including hard drives, workstations, propelled devices, work regions, and various others. You can use the item for the going with focal points.

Memory Card Data Recovery

USB Drive Data Recovery

PC Data Recovery

Other Digital Devices Data Recovery

EaseUS Data Recovery is a data recovery programming freed from any expenses or subtleties. It’s expected to adhere to different potential incident conditions and outfit you with an all-out response to the issue. Along these lines, if you ever lose some sort of data, directly off the bats don’t freeze. Don’t simply associate the hard drive as you can lose your data forever.

Present EaseUS Data Recovery programming to no end and address all your recovery issues. EaseUS Data Recovery stands separated from its possible adversaries as the item is straightforward, progressed with features, and significantly great with all stages.

Conclusion:

About our PC information, anything can occur. Regardless of our earnest attempts to keep up hard drives and abstain from tapping on obscure connections, mishaps happen constantly. Regardless of whether for individual use or at work, picking the correct information recuperation programming disposes of the pressure-related with lost/erased records.

EaseUS is, as I would like to think, the best in the business. If you appallingly lost a significant document, EaseUS is your smartest option for recuperating it. I trust that you discovered this EaseUS Data Recovery Wizard survey accommodating as you continued looking for dependable recuperation programming.

 

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Technology

Shining a spotlight on operational resilience and cyber-risk in financial services

Shining a spotlight on operational resilience and cyber-risk in financial services 4

By Miles Tappin, VP of EMEA for ThreatConnect, explores why the financial services industry must build a cyber security strategy in 2020

The new digital landscape has welcomed financial institutions with open arms. Emerging technology such as Artificial intelligence (AI), crypto-currencies and big data have shown widespread benefits throughout the years, particularly how they have driven innovation and change. When it comes to retail banking, fintech providers have quickly taken the chance to offer personalised services to ensure they remain relevant to their target market and stand out among their competitors.

This has been particularly evident with Klarna, now Europe’s most valued fintech firm. Providing payment solutions for online storefronts, consumers are now able to shop and pay later with top retailers including the likes of H&M, Ikea and Zara. This is just one example of how easy it has become to successfully and strategically disrupt the payments sector.

With several new players entering the banking scene, traditional financial institutions are making sure that they stay one step ahead and are developing robust digital ecosystems that deliver omnichannel service models. However, this comes at a price. As technological change becomes part and parcel to remaining relevant in the sector, the industry needs to be aware of the cyber security challenges that may present themselves and how to overcome them.

2020: The year for cybercriminals targeting financial services

2020 has become a definitive year for cybersecurity in the financial services industry. Financial institutions are a lucrative target – they hold highly sensitive information and have a mandate to protect the personal information of their customers. It started with an unprecedented attack against Travelex where hackers successfully took some of the currency providers offline for nearly a month. Then came Coronavirus which sparked a new wave of malware and phishing threats. Research from VMware Carbon Black Cloud revealed that threats against financial institutions have surged by 238% since the start of the pandemic.

The renewed interest from cyber criminals comes at a time when regulators are paying close attention to the resilience of the sector. After a string of IT failures and breaches, financial organisations in the UK have been given a mandate from regulators to improve operational resilience. This means ensuring business models can withstand disruptive events from hackers or adversaries and quickly recover to protect the stability of financial systems.

In December 2019, the UK’s financial regulators published a series of consultation papers outlining their proposed approach to achieving greater operational resilience. The proposals suggested that financial institutions will be required to map out the systems and processes that support business services in order to identify any potential vulnerabilities that would pose a risk to the stability of the UK financial system or the firm’s standing.

Working together in tandem

Where cybersecurity used to be a classic back-office concern, it’s now a central part of digital strategies and a key pillar of both reputation and customer retention – financial legislation leaves no room for failure. All financial institutions need to ensure they have full visibility of their systems and can detect any potential threats.

The challenge for financial institutions is making the security tools they have purchased separately work together in tandem. Security teams buy a firewall, an email filter, threat intelligence feeds, antivirus software or enhanced endpoint protection, and whatever else they need individually. Each of them does a good job but they don’t talk to each other and valuable time is lost tending to individual systems that become a burden to run. At the same time, running multiple security systems is expensive. The more systems you have, the more highly skilled staff you need to manage them, and they’re few and far between.

The importance of sharing across communities

To reduce complexity and simplify decision making, financial organisations need to unify processes and technology to harness the security intelligence that comes from across their own security programmes and external sources to drive down risk. However, no financial institution can tackle the problem alone. Experienced threat actors using advanced techniques are constantly targeting the financial sector. The industry needs to come together as a whole to foster a sense of collaboration and data sharing.

Miles Tappin

Miles Tappin

In the same way that financial institutions have introduced open banking to deliver a fairer service to customers, the same needs to apply to security – all parts of the financial ecosystem need to unite and share information to learn from one another and succeed in the fight against adversaries that operate across borders.

By sharing alerts on cyber hazards and risk across financial institutions and with law enforcement, government agencies and other relevant authorities, it’s possible to build industry specific insights into cyber security threats and quickly pivot to gain more information on those specific threats and threat actors. By working together, a picture can be painted on threats coming from all manner of malicious activity, from malware to ransomware, to phishing and software vulnerabilities.

Creating a single source of intelligence

Having the right intelligence is not enough to ensure that intelligence is turned into action. Breaking down information and process silos across security teams allows financial organisation to analyse and act on the most pertinent information. Everyone has access to the risk and threats that matter most, and orchestration and automation of response helps overwhelmed security teams prioritise response plans and improve efficiencies in their security programme.

Integrating internal security tools and technologies, while also connecting to external sources of intelligence, creates a single source of intelligence that feeds operations and enables organisations to direct action against the threats that matter most. The outcomes of those actions further feed intelligence, providing the ability to further refine the efficacy of the entire security lifecycle.

This approach provides a continuous feedback loop for the people, processes and technologies that make up the security programme. It allows financial institutions to keep up with threat actors that have consistently adapted their methods to profit at the expense of the financial industry. Something that won’t stop anytime soon.

While financial services institutions tend to operate with security front of mind, there is still an opportunity to collaborate more within the industry and increase intelligence sharing, so CSOs and CTOs can understand as much as they can about the threats they are facing. For example, what types or variants of malware have been used to steal, delete, or ransom personal identifiable information or IP specific to financial services? What ransomware has been used in attacks against other organisations within the industry? How does this ransomware work and how does it ransom the targeted data? Ultimately, the more you know, the better and quicker you’ll be able to respond to a new threat and remain protected.

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