The intersection between SECURITY & INNOVATION Leila Fourie - - PowerPoint PPT Presentation

The intersection between SECURITY & INNOVATION Leila Fourie

BALANCING RISK AND REWARD

B2C eCommerce Growth Rate by Country

RAPID DIG IGITIZATION IN IN AUSTRALIA Leading indicators

T o t a l P o p u l a t i o n I n t e r n e t U s e r s

24.48

M I L L I O N

21.18

M I L L I O N

20%

P E N E T R A T I O N U R B A N I S A T I O N

87%

Source: Digital in 2017: Australia, New Zealand & The Pacific – We are social and Hootsuite

S m a r t P h o n e

80%

L a p t o p o r D e s k t o p C o m p u t e r

80% 9%

W e a r a b l e D e v i c e

P E N E T R A T I O N P E N E T R A T I O N P E N E T R A T I O N w i t h

19.48

M I L L I O N

19.48

M I L L I O N

2.20

M I L L I O N

L a p t o p s & D e s k t o p s M o b i l e P h o n e s T a b l e t D e v i c e s O t h e r D e v i c e s

• 19%

19%

Y E A R O N Y E A R C H A N G E

+36% +18% +80%

Source: Digital in 2017: Australia, New Zealand & The Pacific – We are social and Hootsuite

AUSTRALIA IS IS EMBR BRACING MOBIL BILE With Mobile Phone and Tablet use increasing over larger devices

51% 36% 13% 0.18%

S H A R E O F W E B T R A F F I C B Y D E V I C E

C h e q u e s C a s h B E C S C a r d s N P P W a l l e t s

PAYMENTS HAVE ADAPTED Consumer demands are changing and payments are adapting

AUSTRALIA IS IS BE BECOMIN ING A ‘LESS-CASH’ SO SOCI CIETY

DOUBLE DIG IGIT GROWTH IN IN DIG IGITAL

AUSTRALIA LEADS IN IN CONTACTLESS

Visa Contactless payments around the world (Sept 17)

Canada 47% UK UK 49% USA 0.6% Au stralia 92% 92% New Zealand 72%

Source: VisaNet, Sept 2017

Source: B2C Ecommerce Growth Rate: By Country. Source: Ecommerce Foundation 2017

4 0

%

3 1

%

2 6

%

2 5

%

2 2

%

2 1

%

2 0

%

2 0

%

1 8

%

1 7

%

1 7

%

1 6

%

2 6

%

2 5

%

1 6

%

1 5

%

1 5

%

1 4

%

1 1

%

9 % 9 % 8 %

AUSTRALIAN ECOMMERCE GROWTH IS IS FASTEST GLOBALLY

B2C Ecommerce Growth Rate (selected report countries), in millions of USD, by country in 2017 (f)

ANALOGUE DIGITAL

Source http://www.auspaynet.com.au/insights/blog/cards-dominate-Australian-payments

Source http://www.auspaynet.com.au/insights/blog/cards-dominate-Australian-payments

SOFTWARE HARDWARE

CASH

Source http://www.auspaynet.com.au/insights/blog/cards-dominate-Australian-payments

DIGITAL

FACE TO FACE ONLINE

Source: Online shopping shifts into second gear as retailers up their game SMH Sourcing Australia Post; Macquarie Bank Research

AUTOMATION AI AI

IMPACT ON SECURITY

Anthem 80,000,000 Home Depot 56,000,000 JP Morgan Chase 76,000,000 Ebay 145,000,000 Tar 70,00

Premera

Carefirst British Airways

IRS MSpy

Japan Airlines Community Health Services D&E Allegrity

Korea Credit Bureau

European Central Bank

MacRumours.co m

Neiman Marcus Mozilla

Slack Son Pict

Community Health Services

Australian Immigrant Department Domino’s Pizzas (France)

NASDAQ

Source: https://solutionsreview.com/identity- management/files/2015/07/VisualizedDataBrea ches.jpg

DATA Breaches

DATA BR BREACH CA CASE SE STU TUDY Home Depot

TY TYPE OF CA CARD FRAUD

C a r d - N o t

• P r e s e n t

O t h e r C o u n t e r f e i t / S k i m m i n g L o s t / S t o l e n F r a u d u l e n t A p p l i c a t i o n

2 0 0 6 / 0 7 2 0 1 6 / 1 7

3 8 % 2 9 % 2 0 % 8 2 % 4 % 5 % 8 % 7 % 3 % 2 %

N e v e r R e c e i v e d

By dollar value

SO WHAT T DOES TH THIS IS MEAN FOR SECURITY Going Forward?

S i g n a t u r e P I N B i o m e t r i c s D i g i t a l I d e n t i t y A I A I

HOW ARE WE BALANCING Security & Innovation

IN INDUSTRY COLLABORATION Combatting CNP Fraud Accelerator Program

AusPayNet, in close consultation with the Accelerator event participants, is leading work to develop the new framework within the next six months

Applying global standards, where relevant to the Australian market

PARTICIPANTS AT THE ACCELERATOR EVENT COLLABORATIVELY DEVELOPED PRINCIPLES TO UNDERPIN THE FRAMEWORK INCLUDING:

Using a risk-based authentication approach Increase eCommerce volume Taking advantage

• f modern

technology including biometrics

• Collaboration with industry

and law enforcement

• Standards
• Digital ID
• Merchant online education
• Support:
• tokenisation and online customer

authentication tools

• the roll-out of risk-based customer

authentication (biometrics, geolocation and social media)

AusPayNet is working with industry to address CNP Fraud

Thank you

Lfourie@auspaynet.com.au @Leilafourie