Why the Fed is considering a cash-backed cryptocurrency

Credit to Author: Lucas Mearian| Date: Tue, 11 Feb 2020 03:00:00 -0800

The Federal Reserve is investigating the potential of a central bank digital currency (CBDC) as the backbone for a new, secure real-time payments and settlements system.

The move toward a form of government-backed digital currency is being driven by Fintech firms and a banking industry already piloting or planning to pilot cash-backed digital tokens, according to Lael Brainard, a member of the U.S. Federal Reserve’s Board of Governors.

“Today, it can take a few days to get access to your funds. A real-time retail payments infrastructure would ensure the funds are available immediately – to pay utility bills or split the rent with roommates, or for small business owners to pay their suppliers,” said Brainard, who serves as chair of the committees overseeing Financial Stability and Payments, Clearing and Settlements.

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Patch Tuesday’s tomorrow. Verify you have 'Pause Updates' enabled

Credit to Author: Woody Leonhard| Date: Mon, 10 Feb 2020 12:13:00 -0800

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UEM to marry security — finally — after long courtship

Credit to Author: Lucas Mearian| Date: Mon, 10 Feb 2020 03:00:00 -0800

The days of enterprise security being a separate entity from mobile and desktop endpoint management are coming to an end, which should delight infrastructure and security teams who’ll eventually have more powerful machine learning-enabled tools at their disposal — and a single console through which to control them.

Security around mobile and desktop infrastructures has traditionally depended on what’s being managed; you purchase one for mobile devices and another for the rest of your endpoints, whether laptop or desktop.

While security threats are growing, particularly phishing attacks via email, SMS or hyperlinks, the amount of money companies spend on mobile security appears to be shrinking. And yet, the percentage of organizations that admit to having suffered a mobile compromise grew in 2019, according to a Verizon survey.

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UEM to marry security – finally – after long courtship

Credit to Author: Lucas Mearian| Date: Mon, 10 Feb 2020 03:00:00 -0800

The days of enterprise security being a separate entity from mobile and desktop endpoint management are coming to an end, which should delight infrastructure and security teams who’ll eventually have more powerful machine learning-enabled tools at their disposal – and a single console through which to control them.

Security around mobile and desktop infrastructures has traditionally depended on what’s being managed; you purchase one for mobile devices and another for the rest of your endpoints, whether laptop or desktop.

While security threats are growing, particularly phishing attacks via email, SMS or hyperlinks, the amount of money companies spend on mobile security appears to be shrinking. And yet, the percentage of organizations that admit to having suffered a mobile compromise grew in 2019, according to a Verizon survey.

To read this article in full, please click here

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