What Is an IoT Payment? It’s More Nuanced Than You Think

Payment Journal | February 26, 2020

One of the biggest trends in the payments industry is the rise of the Internet of Things (IoT). In recent years, there’s been a profusion of IoT infrastructure, with billions of IoT devices coming to market around the globe. These devices collect troves of information and enable a range of helpful payment and logistical capabilities. As these devices become more ubiquitous, understanding what is and what is not an IoT payment becomes more crucial. However, the payments industry has not had a clear definition of what qualifies as an IoT payment. Until now. There is a need to better categorize and understand what an IoT payment is so that we can all keep track of the size of IoT payments as this market grows,” said Tim Sloane, VP of Payments Innovation at Mercator Advisory Group. To meet this need, Mercator Advisory Group published a comprehensive report on how the Internet of Things is influencing payments. Central to the report is a comprehensive definition of an IoT payment.

Spotlight

Fred Yentz, President & CEO of ILS Technology discusses the m2m market and the deviceWISE Application Enablement Platform. The enterprise-grade, do-it-yourself IoT Platform helps you get to market faster by reducing cost, risk, complexity & time...

Spotlight

Fred Yentz, President & CEO of ILS Technology discusses the m2m market and the deviceWISE Application Enablement Platform. The enterprise-grade, do-it-yourself IoT Platform helps you get to market faster by reducing cost, risk, complexity & time...

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SECURITY

Finite State Recognized For IoT Security Innovation in 2021 CyberSecurity Breakthrough Awards Program

Finite State, CyberSecurity Breakthrough | October 04, 2021

Finite State, the leader in connected device security, today announced that it has been named the winner of the “IoT Device Security Solution of the Year” award in the fifth annual CyberSecurity Breakthrough Awards program conducted by CyberSecurity Breakthrough, a leading independent market intelligence organization that recognizes the top companies, technologies and products in the global information security market today. Finite State defends critical devices, networks, and supply chains by leveraging massive data analysis to provide transparency to device manufacturers and their customers – enabling them to understand and mitigate their risks before they are compromised. The platform brings transparency and visibility to the supply chains that create connected devices and embedded systems. The Finite State platform automatically analyzes each device, allowing users to identify risk across a comprehensive matrix of factors. Once device firmware is uploaded to the platform, users gain access to an overall risk score, a robust Software Bill of Materials (SBOM), a list of existing threats and vulnerabilities, and a wide array of other factors that affect the security of the device. After unpacking and analyzing every file, configuration, and setting in a firmware build, the platform identifies known and zero-day vulnerabilities, shows a contextual risk score, and provides actionable insights that product teams can use to secure their software. “Just like a car is assembled from parts, firmware is assembled from software components. Typically, 80-95% of these components come from third-party vendors or open source software. When one component has a security flaw, that flaw is baked into the finished product - oftentimes without the device manufacturer’s knowledge,” said Matt Wyckhouse, CEO of Finite State. “Just like a car is assembled from parts, firmware is assembled from software components. Typically, 80-95% of these components come from third-party vendors or open source software. When one component has a security flaw, that flaw is baked into the finished product - oftentimes without the device manufacturer’s knowledge,” said Matt Wyckhouse, CEO of Finite State. “We’re providing a holistic approach to analyzing these devices, and the supply chain that underpins them, in a single SaaS solution which helps customers quickly identify, prioritize, and remediate product security risk. We are excited to be recognized by CyberSecurity Breakthrough as we continue to support our customers’ shifting security needs due to the rapidly increasing demands for connected device and product security.” The mission of the CyberSecurity Breakthrough Awards is to honor excellence and recognize the innovation, hard work, and success in a range of information security categories, including Cloud Security, Threat Detection, Risk Management, Fraud Prevention, Mobile Security, Email Security, and many more. This year’s program attracted more than 4,000 nominations from over 20 different countries throughout the world. “Embedded device firmware in the memory of connected devices performs many functions once controlled by physical systems. Because this firmware can impact the physical world much more than ordinary software, it’s beginning to attract cyber attackers who see firmware as a weak link to gain unauthorized access to critical systems and infrastructure,” said James Johnson, managing director, CyberSecurity Breakthrough. “Finite State delivers a ‘breakthrough’ solution to address this new cybersecurity challenge, helping companies extend their security program and scanning capabilities to cover the entire ecosystem of all critical, connected devices. Congratulations to the entire Finite State team on being our choice for our ‘IoT Device Security Solution of the Year’ award for 2021.” About Finite State Finite State empowers organizations to gain control of product security for their connected devices and supply chains. Backed by a team of seasoned cybersecurity experts, our automated, easy-to-use platform arms our customers with the actionable insights, critical vulnerability data, and remediation guidance necessary to mitigate product risk and protect the connected attack surface. Finite State delivers the deep analysis and visibility required for organizations to find and address security issues at every stage of the development lifecycle, for devices and embedded systems in industries from healthcare and utilities to automotive and manufacturing. About CyberSecurity Breakthrough Part of Tech Breakthrough, a leading market intelligence and recognition platform for global technology innovation and leadership, the CyberSecurity Breakthrough Awards program is devoted to honoring excellence in information security and cybersecurity technology companies, products and people. The CyberSecurity Breakthrough Awards provide a platform for public recognition around the achievements of breakthrough information security companies and products in categories including Cloud Security, Threat Detection, Risk Management, Fraud Prevention, Mobile Security, Web and Email Security, UTM, Firewall and more.

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ENTERPRISE IOT

PV Nano Cell Launches 5D Electronics of Things Complete Solution to Power the Internet of Things

PV Nano Cell | January 05, 2021

PV Nano Cell Ltd. (OTC: PVNNF), (the "Organization"), an inventive supplier of inkjet-based conductive computerized printing arrangements and maker of conductive advanced inks, today declared that it is presenting a progressive 5D (5 Dimensions) Complete Solution. This arrangement empowers Electronics Everywhere and is carefully printing various hardware that power the Internet of Things. This recently presented arrangement use the organization's 3D printed gadgets innovation that utilizes conductive added substance fabricating with large scale manufacturing applications. The IoT (Internet of Things) is a driver for actualizing gadgets all over, and made an industry need to execute added substance advanced large scale manufacturing measures in the assembling of hardware. Computerized added substance producing has demonstrated reasonable and extra applications going from car, sun powered and brilliant urban communities to clinical gadgets, wearables and shopper hardware are executing the advanced methodology. PV Nano Cell is presenting a 5D complete arrangement that carefully prints gadgets and conductive examples for IoT and different applications. The 5D complete arrangement address the 3D printed hardware math, the conductive ink advancement measurement and the printing cycle measurement. The ink improvement measurement remembers area skill for nano-molecule science tending to basic factors, for example, metal burden, steadiness, thickness, vanishing rate and fly capacity. The printing cycle measurement incorporates the printing procedure, printing boundaries and throughput capacities. PV Nano Cell's Chief Executive Officer, Dr. Fernando de la Vega, remarked, "The arrangement we are dispatching today is a consequence of long stretches of involvement creating and printing hardware. We have built up a five levels of opportunity innovation which along with our clients, can handle, create and produce their cutting edge unrivaled electronic gadgets. This arrangement is pertinent to R&D, prototyping, low volume creation and obviously, large scale manufacturing. Utilizing our innovation, clients pick up the serious, uncalled for advantage, innovation organizations should consistently hold. During the advancement of this arrangement, we accomplished some exceptional outcomes in printing implanted inactive segments, filling vias, imprinting on an assortment of substrates and serving various enterprises. With a developing number of enrolled licenses, PV Nano Cell keeps on being at the cutting edge of advancement empowering clients to completely understand the capability of their pioneer innovations." As distributed, PV Nano Cell declared that it is presenting extra computerized conductive inks implied for Solar, Ceramic, Glass, LIFT and Generic Applications. The organization was additionally as of late conceded a patent in Brazil, BR 11 2013 013885-8 A2, Method to Produce Concentrated Dispersions of Nanometric Particles of Silver. As a feature of the organization's business center around large scale manufacturing based repeating incomes, PV Nano Cell additionally as of late reported non-selective key understanding was endorsed with Notion Systems GmbH, a main producer of modern inkjet frameworks for useful materials. The two organizations plan to mutually go to market and offer total arrangements including inks, printers and the printing cycle to be actualized in computerized, large scale manufacturing added substance assembling of printed hardware.

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PLATFORMS

Wisekey Announces Iot Collaborations via the Trust Protocol Association to Monetize Its Intellectual Property (Ip) Portfolio

WISeKey | December 15, 2020

WISeKey International Holding Ltd. ("WISeKey" NASDAQ: WKEY; SIX Swiss Exchange: WIHN), a main online protection IoT organization, today reported the dispatch of IoT associations through the Trust Protocol Association to adapt its licensed innovation (IP) portfolio, including both patent and information resources. With a rich arrangement of in excess of 46 patent families, covering more than 100 basic individual licenses, and another 22 licenses under audit, WISeKey keeps on extending its innovation impression in different areas including the plan of secure chips controlled with close to handle correspondence (NFC) innovation, advancement of security firmware and backend programming, secure administration of information, improvement of security conventions between associated protests and progressed cryptography. The Company has documented key licenses in U.S. which are basic to the computerized change applications that are filling the development in the IoT market. For WISeKey, adding to its patent portfolio and licensed innovation is critical to guaranteeing that it stays a significant part in the IoT business for quite a long time to come, furnishing its clients with logically demonstrated innovation that separates and shields their items from duplicating, adds important production network following highlights, and forestalls the deficiency of delicate undertaking and customer information. Advanced change in the IoT market is opening up new applications that can improve the efficiencies of intensity matrices, use NFC chips implanted on drug names to give better quality medical care, or secure self-ruling vehicles but at the same time it's making new security hazards, each with its own arrangement of difficulties and results. Computerized characters gave as a feature of the WISeKey Integrated Security Platforms go about as the main line of guard in IoT security models by giving each item its own one of a kind, permanent, personality that can be utilized for solid validation of the gadget and encryption of touchy information as it makes a trip from the edge to the cloud. The motivation behind the Trust Protocol Association is to build up another Trust Protocol for the web consolidating customary Cryptographic Trust Models with circulated blockchain records making another Global Trust stage. The mission of the Association is to make an environment of legislative, innovation and colleagues, each speaking to a hub with the likelihood to have various hubs per nation. Blockchain-based arrangements plan to supersede the requirement for a focal authority by circulating data recently held in a brought together storehouse across an organization of taking an interest hubs. While Blockchain isn't claimed by one individual or association, anybody with a web association (and access, on account of private Blockchains) can utilize it, help keep up and check it. At the point when an exchange is made on a Blockchain, it is added to a gathering of exchanges, known as 'blocks". Each square of exchanges is added to the information base in a sequential, unchanging chain. Each square is stepped with a remarkable cryptographic code, which guarantees that records are not duplicated or changed. The Blockchain approach needs lawful legitimacy in many wards, which just perceive the advanced marks as similarly substantial that original copy marks when created utilizing conventional PKI innovation.

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