Onwards and upwards for trust
The introduction of the GDPR in 2018 was a watershed moment for data security in the EU, and has inspired countries around the world to follow suit. And while some regulators have taken a more relaxed approach in the first year, we're hoping to see robust enforcement in the future, and organizations taking the issue of data security more seriously, providing customers with trust and the knowledge that their data is secure.
Tighter fintech regulation
We welcomed the revised Payment Services Directive 2 (PSD2) in September 2019, which set out to bring payment regulation in line with advances in electronic payments, offering better protection for consumers' funds and data. As the market moves towards open banking, we hope to see authentication standards continue to improve, with banks collaborating to deliver security and interoperability.
In 2019 we have seen some exciting developments and use cases of biometric technology, particularly that of facial recognition – so much so that we have created a microsite all about facial recognition technology. As focus on biometrics grows, from the increasing use of E-passports to the associated regulations and ethical questions surrounding the technology, we look forward to more of these exciting developments in 2020.
Increased use of drone delivery
Santa's reindeer might be bringing our Christmas gifts this year, but in the future they could be dropped off by a drone. Drone delivery has the potential to transform our cities, improving delivery times and relieving traffic congestion, while also revolutionizing the lives of those in remote areas, meaning they can get their Christmas presents just as easily as anyone in a big city. And as drone security increased, both in the protection of the physical machines and in improving cyber security, we can hope to see even more of these in the coming year.
Artificial intelligence (AI) has the potential to deliver enormous benefits to society, but concerns about its ethical deployment remain. The importance of ethical AI is receiving increasing attention, and we hope to see technology experts and designers placing public benefit front and center next year in the development of new AI projects, following the lead of initiatives such as Thales' TrUE AI approach, helping people lead better, happier and safer lives.
A crackdown on cyber crime
Earlier this year, we reported that the cost of cybercrime worldwide is set to reach US$6 trillion by 2021. For criminals, that makes cybercrime, including techniques such as social engineering, more profitable than the trade in all illegal drugs combined, and represents the biggest transfer of economic wealth in history. It highlights the urgent need in 2020 for technology firms, corporations and law enforcement agencies to work together in the fight against cybercrime and to keep data secure.
More diversity in the IoT
The IoT has become a bigger part of daily life, from IoT in business to IoT in the home. And with spend on IoT security also on the rise, we hope – and expect – to see some of the predictions about the IoT's role in our daily lives come true, creating a world of improved connectivity and efficiency.