[December 29, 2020]
$18.47 Trillion Prepaid Card Markets - Global Opportunity Analysis and Industry Forecast, 2020 - 2030 - ResearchAndMarkets.com
ResearchAndMarkets.com s offering.
The Global Prepaid Card Market size was valued at USD 2.01 trillion in 2019 and is predicted to reach USD 18.47 trillion by 2030, with a CAGR of 22.5% from 2020-2030.
Prepaid Card is a payment method where the funds are directly linked to the specific card irrespective of the bank account, and are compatible with both open and closed loop networks. These cards are available for everyone, without requiring any rating, credit score or bank account and can be easily used at stores, in paying online bills, as well as in purchasing goods & commodities. Prepaid cards are substitutes to bank linked cards and are majorly utilized by population not having bank accounts or for those who cannot afford its maintenance charges.
Philip Reiner, CEO of IST, which will head up the effort, anticipates the group will expand as word gets out and more companies and organizations join. Working groups will form after the first of the year, he says, and the task force will do much of its investigatory work in January and February. We intend to work quickly, Reiner says. We re looking to pool our resources and point out to people where they can get information about ransomware, plus have some clear ideas we can present in the form of new laws and funding required to combat ransomware.
There s little question that ransomware has had a powerful economic impact in the past year. Ransomware damages hit $11.5 billion in 2019 and are expected to be even higher for 2020 as Maze, Sodinokibi, Ryuk, Dharma, and many other strains hit especially hard.
Jeremy Grant of Venable and Rebecca Archambault of Blue Cross Blue Shield
The security challenges presented by the COVID-19 pandemic, including managing a remote workforce, point to the need to prioritize identity management, say Rebecca Archambault of Blue Cross Blue Shield and Jeremy Grant of the law firm Venable.
”Put identity is at the center of your cybersecurity program. Make sure identity is sitting in the middle, and not at the outside of it,” Archambault says.
“Make sure your security team is involved in all of your implementations and all of your maintenance,” she says in a video interview with Information Security Media Group. ”Remember that every application, every piece of infrastructure [contains] an identity and access component. Anytime you’re onboarding new apps or changing existing apps, there is an identity piece of that. So identity teams need to be at the center of everything.”
OCR Warns of Global Supply-Chain Cyberattacks Via SolarWinds Orion healthitsecurity.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from healthitsecurity.com Daily Mail and Mail on Sunday newspapers.