Frost & Sullivan Analyzes the Future of Privacy and Cybersecurity 22586

Frost & Sullivan’s recent analysis, The Future of Privacy and Cybersecurity, Forecast to 2030, finds that by 2030, there will be a complex global network of 200 billion devices, with over 20 connected devices per human. As the Internet of Things landscape is expected to progressively expand beyond the traditional network in use today, there will be an increase in the complexity of privacy and cybersecurity challenges. Consequently, the market will experience deeper synergies among data protection, security, privacy, and public good as more international frameworks are developed to govern the internet.

Artificial Intelligence (AI) will emerge as the new frontier of privacy and cybersecurity as enterprises explore new opportunities and train a capable workforce to identify critical threats, respond faster to breaches, and learn from them,” said Vinay Venkatesan, Visionary Innovation Research Consultant. “In addition to AI, data de-identification, advanced authentication and encryption, biometrics, Blockchain, automation, and quantum computing also will have the potential to transform privacy and cybersecurity.”

Venkatesan added: “There will be more than 26 smart cities by 2025, most of them in North America and Europe. Additionally, boundaries between work and home continue to blur, as we’re experiencing right now. This means every connected device in a smart home, enterprise or city will be a potential access point to our most sensitive and personal data, making mass non-consensual data collection feasible and cybersecurity all the more vital.”

For further revenue opportunities, cybersecurity vendors should:

  • Invest in/partner with startups offering technological innovations (Blockchain, AI) at the core.
  • Adopt an enterprise-wide cyber defense strategy rather than a dedicated cybersecurity unit.
  • Invest in a creative, “cyber-human” workforce with the flexibility to deal with the evolving nature of threats.
  • Allocate dedicated budgets for post-breach response solutions and recovery mechanisms.
  • Consider integrating solutions offering end-to-end security built into the system rather than “bolt-on” security features.

The Future of Privacy and Cybersecurity, Forecast to 2030 is part of Frost & Sullivan’s global Visionary Innovation  Growth Partnership Service program.

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Cellebrite Adds Cryptocurrency & Blockchain Investigations Solution to Industry Leading Digital Intelligence Platform 5320

Cellebrite, the global leader in Digital Intelligence (DI) solutions for public and private sectors, today announced the launch of Cellebrite Crypto Tracer, a new comprehensive cryptocurrency investigation solution designed to accelerate investigations involving blockchain technology and cryptocurrency. The solution, powered by CipherTrace, features powerful and easy-to-use tools, investigation services, and training programs designed for investigators, analysts and non-technical agents. The solution empowers teams to lawfully obtain evidence and trace criminals who use bitcoin and other cryptocurrencies for illicit activities, including money laundering, terrorism, drug and human trafficking, weapon sales, and ransomware schemes.

Every year, an estimated $76 billion of illegal activities involve Bitcoin. Nearly one hundred percent of darknet market transactions, including the sale of ransomware, illegal drugs and phishing kits, involve cryptocurrencies, in large part due to their ease of transacting online and across borders. The use of cryptocurrencies among criminals may have been furthered by their perceived anonymity. Transactions are recorded on the blockchain, which is a public ledger, enabling anyone to see the transactions though not the identities of those executing said transactions.

The Cellebrite Crypto Tracer Solution is designed to reveal illicit transactions using cryptocurrencies and enables investigators to aggregate and curate millions of open source and private references, deception data and human intelligence, resulting in a dataset of over 522 million attributable points. These data points give investigators full visibility into the lifespan of cryptocurrency transactions, including where the money originated and where it went, in both wallets and exchanges. Graphic mapping and color-coded threat level transactions enhance the visualization and understanding of the activities and accelerate investigators’ abilities to pinpoint primary and associated criminal activity and its perpetrators.

Powered by CipherTrace Inspector, the world’s most comprehensive cryptocurrency intelligence tool, the Cellebrite Crypto Tracer Solution gives investigators the ability to:

  • Utilize a Blockchain Search Engine: Simply enter a cryptocurrency address or transaction ID into an intuitive search bar that will auto-complete long addresses.
  • Conduct Risk Scoring: Profile hundreds of global exchanges, ATMs, mixers, money laundering systems, gambling services, and known criminal addresses and assign risk levels to transactions.
  • Show a Deep Analysis of Potential Risks: Non-technical users can visualize transaction flows to follow virtual money trails without becoming a cryptocurrency or blockchain expert.
  • Demonstrate High-Quality Advanced Attribution: Top entity typologies and attribution collection methods are easily identifiable within Inspector.
  • Leverage a Massive Transaction Database: Allows users to understand interactions with a powerful graph that traces the flow of funds over time and through the blockchain ecosystem.
  • Operate with Integrated Case Management: Gives investigators a convenient way to save research, replay searches, export investigation reports and collaborate with others involved in the investigation.

Also included in Cellebrite Crypto Tracer:

  • Cryptocurrency Investigation Services: The Cellebrite Advanced Services (CAS) team conducts criminal and civil cryptocurrency fraud investigations for law enforcement and corporations. Cellebrite certified forensics experts employ advanced techniques to expose financial cybercrime and fraud schemes by analyzing cryptocurrency artifacts and providing investigative teams with detailed documentation and insights through analyst level reports.
  • Cryptocurrencies Investigation Training: A 3-day course in best-practices for cryptocurrency investigation techniques. The class teaches investigators how to use CipherTrace Inspector to obtain and analyze evidence about individuals committing crimes using cryptocurrencies.

“It has long been assumed that blockchain and cryptocurrency transactions remain untraceable and unknown,” said Leeor Ben-Peretz, Chief Strategy Officer, Cellebrite. “This is a misconception. As a matter of fact, the essence of blockchain is to indelibly keep a record of each step of every transaction. We’re enabling investigative teams to extract this information and use the power of Digital Intelligence to aid them in interpreting the data needed to identify illicit blockchain activity and keep communities safe.”

“We’re very excited to offer our best-in-class cryptocurrency tracing and blockchain analytic capabilities to enhance Cellebrite’s Digital Intelligence, training and investigative services,” said Stephen Ryan, COO of CipherTrace. “As criminals increasingly utilize cryptocurrencies in their illicit activity, our partnership with Cellebrite will be that much more important to making the digital world a safer place.”

Tokeny Solutions Partners with Inveniam to deliver Data Integrity and Price Discovery for Private Securities 6047

Tokeny Solutions (Tokeny), an industry-leading tokenization platform based in Luxemburg and backed by Euronext, is announcing a collaboration with Inveniam and its Inveniam.io platform, delivering data integrity and price discovery. Tokeny’s technology, enhanced by Inveniam’s software, provides the foundation for increased private market asset liquidity and public-like performance of these assets. This public-like performance is made possible with data integrity and price discovery functionality driven by better data on the underlying businesses and their assets.

Tokeny and Inveniam will create digital securities for investors with seamless integration and will facilitate the secondary market trading of private market securities. Tokeny has expertise in the compliant issuance, transfer, and management of digital securities. The T-REX (Token for Regulated Exchanges) protocol allows market actors to apply trust, compliance and control while utilizing blockchain technology. Inveniam.io provides automated workflows, also known as robotic process automation (“RPA”). RPAs gather performance data on underlying real assets that inform digital tokens. Inveniam.io digitally certifies, indexes, fields, and validates real asset performance data that is commutable and proven.

“Inveniam’s data integrity and fair market value pricing functionality will enrich Tokeny’s security tokens to facilitate the forthcoming secondary market for real estate assets. The Inveniam.io platform complements ours, making this a synergistic tokenization powerhouse,” said Daniel Coheur, Co-Founder and Chief Commercial Officer at Tokeny Solutions.

“We look forward to a mutually beneficial collaboration with Tokeny in this initiative. This combined service will deliver real-time price discovery, liquidity and transparency for digitizing private assets; something that was not possible before now,” said Patrick D. O’Meara, Inveniam’s Founder and CEO. “Combining user-friendly end-to-end solutions of Tokeny’s technology with data integrity and real-time fair market value Verified by Inveniam™, provides a powerful competitive edge for private market asset owners.”

Orion Protocol (ORN) Wins KuCoin Community Vote DeFi Session, Trading and Staking Services to be Opened 8951

KuCoin, an IDG-backed exchange, today announced the result of the KuCoin Choice Community Vote (DeFi Session), Orion Protocol has won the voting and will get listed on KuCoin at 18:00 July 25. Meanwhile, staking service on Pool-X will be available from 17:00 July 22, with an annualized return of 39%. DeFi is the most trending topic in the recent blockchain industry with a large number of promising DeFi projects emerging. In order to contribute to the DeFi ecosystem and provide support to more DeFi projects, the KuCoin Choice Community Vote (DeFi Session) has been launched to select real potential DeFi projects.

Orion Protocol, the DeFi platform building B2B and B2C solutions on the most advanced liquidity aggregator ever developed, solves the largest problems in DeFi by aggregating the liquidity of the entire crypto market into one decentralized platform. With the ORN token at the core, Orion has built thirteen different revenue streams across their stack of solutions – from Orion Terminal to Orion Enterprise solutions for blockchains, exchanges, and crypto projects.

KuCoin Global CEO Johnny Lyu stated: “KuCoin has been persistent in its pursuit of finding and supporting blockchain projects with real potential. KuCoin has been paying attention to the DeFi field for a long time, and hopes to find hidden gems in DeFi for users. Community Vote is a good way to not only allow users to contribute to the KuCoin ecosystem, but also to better understand DeFi projects. In the future, we will explore more ways to support DeFi to accelerate its mass adoption.”

Orion Protocol CEO Alexey Koloskov Stated: “Orion bridges the gap between the centralized and decentralized worlds of crypto, solving the largest problems in DeFi by aggregating the liquidity of the entire crypto market into one decentralized platform. I’d like to thank our community for supporting us in this voting and I am very excited about the KuCoin listing. We look forward to working closer with KuCoin to BUIDL on DeFi in the future.”

KuCoin has always been a strong supporter of DeFi projects and has listed a number of real potential projects in the DeFi field, such as COMP, MKR, KNC, AMPL, LUNA, AKRO, etc. Furthermore, KuCoin is developing its own public chain – KuChain to further boost the prosperity of the DeFi world. KuChain’s testnet Kratos has launched its beta version and it aims to build a four-layer network based on the needs of DeFi and DEX, modularizing the protocol and functions, improving the ease of use of Kratos, and reducing the threshold for developer participation.

VistaChain by Highview Achieves SAP Certification through the “Co-Innovated with SAP” Program 10220

Highview Solutions, Inc. today announced that its VistaChain V1.0 solution has achieved SAP® certification as integrated with SAP Cloud Solutions, as part of the “Co-Innovated with SAP” program. The “Co-Innovated with SAP” program is designed to help partners through the development lifecycle that culminates in an SAP-certified and tested solution against SAP product standards. It is an end-to-end program of guided services offered by the SAP Partner Innovation Lifecycle Services organization that helps partners take their products to market in alignment with other SAP teams (product management, solution management, development and field), thereby providing the guidance and support to help ensure a competitive solution in the marketplace.

“The innovation of our VistaChain V1.0 solution resulted in many wins as we worked closely and exclusively with the outstanding SAP Partner Innovation Lifecycle Services team to achieve SAP certification for our product. We are thrilled to have developed blockchain-enabled solutions to offer simple, transparent B2B transactions for vendors and suppliers. This innovation should improve user experience on all fronts,” says Mike Kersels, Highview founder and CEO.

VistaChain V1.0 is poised to be the industry-agnostic connective tissue between vendors and suppliers for B2B transactions. As an SAP partner and trusted third party for business partners Highview Solutions has been providing B2B Electronic Data Interchange (EDI) solutions to its customers since 2019.

The SAP Partner Innovation Lifecycle Services organization has certified that VistaChain V1.0 by Highview Solutions integrates with Hyperledger Fabric service on SAP Cloud Platform, where business documents exchanged between customers and trading partners are stored in the cloud.

As a managed service offering VistaChain provides full visibility and transparency to the data of exchanged business documents, reduces time spent on reconciliation and helps to eliminate disputes between business partners.

Xangle, the crypto disclosure platform, closes its A2 investment round from the financial branch of Hanwha Group in South Korea 11058

CrossAngle, operator of the global crypto asset disclosure platform Xangle, announced that it has successfully completed its Series A2 investment round by Hanwha Investment & Securities (KRX: 003530), a licensed securities brokerage subsidiary of South Korea’s Hanwha Group. The 4 billion won (US$3.3 million) funding is significant because CrossAngle has managed to convince an incumbent financial industry player of its potential just a year and a half into its operations. The funding is expected to enable the company to build the foundations and infrastructure for institutionalizing data services for crypto assets, which is currently regarded as one of the essential pillars for the industry.

Hanwha Investment & Securities is one of the major securities brokerages in South Korea and is a subsidiary to Hanwha Group, one of Korea’s largest conglomerates alongside Samsung, Hyundai, LG, and SK. Hanwha Investment & Securities is currently working to strengthen its digital capabilities, and is the first investment firm in South Korea to create a subsidiary that deals with ‘big data.’

Xangle collects, verifies, and integrates corporate disclosures from global projects and companies that have issued crypto assets. This information is made public along with on-chain blockchain data, all of which are displayed in a user-friendly format to help the public’s understanding of the crypto assets. One of the key issues concerning on-chain data is the difficulty associated with analyzing raw data. Xangle provides both off-chain corporate disclosures and easily accessible on-chain metrics and analytics to the public.

CrossAngle aims to consolidate and standardize information so that access and understanding of crypto assets is easier for everyone. As crypto assets transcend existing national boundaries and languages, a platform to accommodate the broad user base is necessary. The standardized disclosure content Xangle provides will make it easier for projects and stakeholders in different parts of the world to communicate: for projects to share and disseminate their latest information, and for exchanges, funds, and holders to conduct proper due diligence and systematically monitor each project’s progress.

The industry is at a global tipping point, with government regulations and policies more actively addressing the new asset class. Central banks are investigating Central Bank Digital Currencies (CDBCs), and the recent spotlight on ‘un-tact’ technologies are pushing for a more digital world. Even now major global financial industry players are making investments in to blockchain technology and trial-running pilot services using blockchain.

James Junwoo Kim, the co-founder of CrossAngle, successfully led this funding round and expressed that “resolving existing industry problems and creating a solid data/information ecosystem based on stakeholder participation is crucial to the industry’s growth and eventual mass adoption.” With the latest funding, he hopes that Xangle can “make significant contributions to the advancement of the industry and expand the boundaries for the industry as a whole.”

Xangle’s global partner network includes 60+ exchanges, with a combined geographic footprint including South Korea, Japan, China, Southeast Asia, Russia, Europe, and the United States. The public can access disclosure data for over 800 crypto assets, of which more than 400 assets are registered and directly maintained by blockchain projects.

Digital assets in business activities 14764

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The introduction of cryptocurrencies encouraged business owners and individuals to preserve their capital in a decentralized currency. Instead of cash, they prefer advanced financial instruments, which are currently the basis of the new economy, as well as conducting business activities in digital rather than in paper form.

Smart contracts as a replacement for paper documents have their own algorithm, and smart contract transactions are guaranteed by a digital asset (DA), which is an information resource derivative of the right to a value and circulating in the distributed ledger in the form of a unique identifier.

In other words, a digital asset ownership confirms the ability to dispose of the right to a digitized object (any values, such as real estate, securities, shares in business, means of transport, facilities, etc.).

Digital asset: essence and components

The concept of a digital asset includes several components:
· economic – determination of properties of a unique identifier;
· legal – representation of the property of a digital asset as a derivative of the right to a value;
· information – data on digital assets recorded on digital media and structured, thus providing capability of storing, transferring, exchanging, etc.;
· value – digital representation of values of a digitized resource.

A blockchain token possessing certain properties can be a digital asset. This can be digital data in the form of a video/audio file or a set of electronic documents, e.g. folders on a PC. Thus, here appears the main difference between cryptocurrency and a DA, which is that the first is not backed by property/property rights. It should also be noted that digital assets circulate in digital environment according to the protocol, which establishes the rules and conditions of this circulation, so that they cannot be copied during transferring.

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There is another difference between a digital asset and cryptocurrency, which is that an asset as a unique identifier is more secured. This is due to the territorial (geographical) reference to the country of digitized resource registration (location, use). The concept of a digital asset and the use of such an instrument can vary significantly in different countries, since there are considerable differences in methods for assessing real assets and their accounting.

The scope of digital assets is quite wide. Thus, they can be used for:
· financial transactions without involving financial intermediaries (exchange websites) and high fees;
· preserving a value of funds, i.e. no one will ever freeze your account, since you need to have a secret key;
· investment;
· confidential transactions;
· purchasing or providing services;
· high-priced purchases (starting with exclusive cars and jewelry to works of art).

Moreover, you can buy or sell a token, with a right of a digital asset, as an intangible asset in the course of business activities of an enterprise. It is necessary to correctly determine the type of a blockchain token as different states developed their own tests and guidelines for testing them. The reason is the risk of investing in the project and the loss of substantial amounts of money if there are no legal grounds for distribution of a token.

Crypto Testing Options

There exist several testing methods that differ in a number of criteria:
· The Howey Test determines transferring or distributing of a token, as securities transaction;
· The MFSA Test determines correspondence between assets based on the DLT technology and virtual tokens, which makes it possible to regulate them under the laws of the European Union.
· The FINMA Token Classification allows classifying tokens as securities subject to their commercial sale. However, cryptocurrencies and payment services are not included in this category and remain under the anti-money laundering rules.
· The digital asset diagnosis is the Digital Asset Test developed by Simcord, which allows determining whether this token can be classified as a digital asset or not. The test is based on the 16-point scale of a blockchain token belonging to the category of digital assets.

As a result, a digital asset has become more popular than cryptocurrencies as it ensures safety of digitized tangible and intangible values. That is the ownership of a digital asset that provides more opportunities for learning new, high-tech format of the economy and business activities.