Security

Apple Pay – which facilitates easy, secure and private contactless transactions – is now available to Canadians with Interac debit cards. This means consumers can add Interac debit cards to their Apple Wallet and shop at the hundreds of thousands of merchant locations where contactless payments are already accepted in Canada. Apple Pay is currently supported by a range of devices, including the iPhone SE, iPhone 6s, iPhone 6s Plus, iPhone 6, iPhone 6 Plus and Apple Watch.

Gartner analysts have confirmed that global spending on Internet of Things (IoT) security will reach $348 million in 2016 – marking a 23.7 percent increase from $281.5 million in 2015. Although overall spending is expected to be moderate, at least initially, Gartner analysts say IoT security market spending will increase at a faster rate after 2020, as improved skills, organizational change and more scalable service options improve execution.

Writing for Semiconductor Engineering, Ann Steffora Mutschler observes that a shift is currently underway in the automotive industry as more connected vehicles hit the road each year.“[Connectivity adds] many of the features that consumers now expect in mobile devices as well as some new ones that ultimately will lead to autonomous vehicles,” she explained.

ABI Research analysts say the burgeoning Internet of Things (IoT) will be the next big market for cyber security. “While it remains a fragmented market that has yet to consolidate, the ecosystem is expanding with vendors finding their way into three groups,” the researchers wrote in a recent blog post.