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CoinSwitch names Sudheer Tumuluru as its head of cryptocurrency engineering – The Financial Express

July 8, 2022 | Author: admin

Cryptocurrency investing app CoinSwitch has appointed Sudheer Tumuluru as its head of cryptocurrency engineering. He was previously serving as the vice president of engineering for fashion e-commerce company Myntra. Tumuluru has over two decades of experience in cloud, big data and infrastructure platforms at technology companies in India and the US.

CoinSwitch is expanding rapidly, building new offerings in crypto and non-crypto space. A crucial part of this journey is a robust crypto tech stack that will reinforce our leadership in the crypto market even as we develop an assortment of asset classes. Sudheers expertise in building technology platforms will drive this effort, Ashish Singhal, co-founder and CEO, CoinSwitch, said.

Crypto is a technology tool that can reshape finance, business and the internet. As a technologist, I look forward to joining CoinSwitch and diving into building cutting-edge technological platforms in India, Tumuluru said.

According to an official statement by the platform, it has been strengthening its management team with leadership appointments including Ramesh Bafna (chief financial officer), Ashish Chandra (general counsel), Jayaram Krishnan (vice president, product), Jayadevan PK (senior director, communication and content), Nishant Das (global head of talent acquisition), R Venkatesh (senior vice president, public policy), and Zeeshan Ramlan (director and head of human resource).

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Cryptocurrency The Sandbox Falls More Than 6% In 24 hours – Benzinga

July 8, 2022 | Author: admin

Over the past 24 hours, The Sandbox's SAND/USD price has fallen 6.32% to $1.22. This is opposite to its positive trend over the past week where it has experienced a 11.0% gain, moving from $1.09 to its current price.

The chart below compares the price movement and volatility for The Sandbox over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.

The trading volume for the coin has decreased 9.0% over the past week, while the overall circulating supply of the coin has decreased 0.13% to over 1.26 billion. This puts its current circulating supply at an estimated 42.14% of its max supply, which is 3.00 billion. The current market cap ranking for SAND is #38 at $1.54 billion.

Powered by CoinGecko API

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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University recovers 2019 ransom to find value of cryptocurrency skyrocketed – SC Media

July 8, 2022 | Author: admin

Cryptocurrency volatility worked out in a victim's favor as Maastricht University. The school paid a ransom worth 200,000 in 2019 and is set to receive recovered funds from the criminals' account now worth 500,000.

Maastricht said once received, it would deposit the money in a fund for students in need.

The Dutch Public Prosecution Service traced the 40,000 worth of cryptocurrency from the ransom to an account they were able to freeze in February of 2020. In the 17 months since, that cryptocurrency increased in value more than tenfold.

The university noted that even the gain of 300,000 was not enough to offset the total cost of recovering from the attack.

In 2021, the opposite situation impacted Colonial Pipeline when the brunt of its ransom was recovered. U.S. authorities were able to claw back 63.7 out of the 75 bitcoin Colonial Pipeline paid in ransom mere months after the ransom was paid. But bitcoin had plummeted in value, meaning the dollar value of the bitcoin recovered was $2.3 million only about half of the $4.4 million ransom they paid.

Maastricht's ransomware attack was carried out by affiliates of the Cl0p group. The university prominently displays a hanging digital sculpture by artist Richard Vijgen it commissioned to commemorate the event.

The funds are currently being held in an account owned by the Dutch Public Prosecution Service, with the Ministry of Justice instigating proceedings to get the money to the school.

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Paxful Selects iProov to Provide Effortless Security for Cryptocurrency Onboarding and Transactions – Business Wire

July 8, 2022 | Author: admin

LONDON & NEW YORK--(BUSINESS WIRE)--iProov, the world leader in face biometric authentication technology, announced today that Paxful, a global peer-to-peer fintech platform, will employ its award-winning liveness technology to verify user identity during the onboarding process and when making transactions.

We are thrilled to partner with iProov to offer our users a safe and secure experience while using the Paxful platform. Our mission as an organization is to provide greater access to Bitcoin by building a financial system that serves the global economy, said George Georgiades, Chief Compliance Officer of Paxful. To properly do so, we need to ensure we provide the highest level of security and peace of mind to users. iProovs technology allows us to safeguard against fraud and theft for our community while ensuring continued access and growth of the platform.

When a user onboards with Paxful, they verify their identity using an ID document, such as a driver's license. They then complete a brief face verification to confirm they are the right person and a real person. To carry out a transaction, a returning user then completes a brief face authentication instead of using a password or entering a one-time passcode (OTP).

iProovs Liveness Assurance technology enables organizations to verify that an online user is the right person (not an imposter) and a real person (not a photo or mask being used in a presentation attack). In doing so, it helps businesses and public sector agencies to protect themselves and their users by preventing stolen or faked identities being used for new account fraud and account takeover fraud. Liveness Assurance is device- and platform-agnostic, working across any computer, tablet or cellphone with a user-facing camera.

With the tremendous influx of new users into the crypto space comes an even greater invasion of fraudsters looking to empty or take over accounts or even hold them for ransom, said Andrew Bud, iProov CEO. Paxfuls mission is a critical one that helps connect the underbanked and unbanked around the globe to financial opportunities and stability. We are delighted to support them in offering inclusive and secure remote verification measures to protect their users.

About PaxfulPaxful is a global peer-to-peer fintech platform for people to make payments, transactions, and send money by buying and selling cryptocurrencies as a means of exchange. Founded in 2015 by Ray Youssef and Artur Schaback, Paxful's mission is to help everyone have equal access to finance no matter who or where they are. More than seven million people use Paxful to buy and sell Bitcoin (BTC), Ethereum (ETH) and Tether (USDT) with nearly 400 different payment methods.

As part of Paxfuls mission to support emerging markets, Ray Youssef, alongside Yusuf Nessary, set up the Built With Bitcoin Foundation, a U.S.-based registered 501(c)(3) not-for-profit dedicated to creating equitable opportunity by providing clean water, access to quality education, sustainable farming, and humanitarian support all powered by Bitcoin and cryptocurrencies. To date, the Foundation has built and repaired 8 schools, 7 solar projects, and over a dozen water and farming systems across the globe.

About iProoviProov is the world leader in online facial biometric authentication, working with governments, banks and other enterprises to securely verify customer identity. Used for effortless onboarding and authentication, customers include the U.S. Department of Homeland Security, the UK Home Office, the UK National Health Service (NHS), the Australian Taxation Office, GovTech Singapore, Rabobank, ING, and others. iProovs technologies include Liveness Assurance and Genuine Presence Assurance, which ensures that an online customer is the right person, a real person, and is authenticating right now. This protects against spoof attacks from photos, videos, masks and digital injection attacks and the emerging threat of deepfakes. iProov was recognized as a Gartner Cool Vendor 2020 in Identity Access Management & Fraud Detection. For more information, please see http://www.iproov.com or follow us on LinkedIn or Twitter.

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Paxful Selects iProov to Provide Effortless Security for Cryptocurrency Onboarding and Transactions - Business Wire

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Plynk Works with Paxos to Introduce Cryptocurrency Trading and Educational Resources – Business Wire

July 8, 2022 | Author: admin

JERSEY CITY, N.J.--(BUSINESS WIRE)--PlynkTM, an investment app for new investors, announced the launch of Plynk CryptoTM, allowing app users to trade and hold Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Bitcoin Cash (BCH) via Paxos Trust Company beginning today. As an app for novice investors, Plynk listened to customers as they showed interest in learning about and trading cryptocurrency. Through this relationship with Paxos, the new offering provides easy-to-understand educational guidance for crypto investing.

Crypto is consistently a point of interest among our customers, despite this period of heightened volatility, said Alicia Sundberg, head of Plynk. The reality is many beginner investors have already invested in digital assets, and we believe many more will do so in the future. This is an opportunity not only to help our customers gain access to digital assets through a third-party referral arrangement with Paxos, but also to provide them with easy-to-understand crypto education, which is what we believe sets Plynk and Plynk Crypto apart from other investing and crypto trading apps, respectively.

In addition to allowing customers to buy and hold digital assets, Plynk Crypto is dedicated to educating new investors and will actively work to remove barriers to getting started in crypto trading. In tandem with Plynk Cryptos launch, Plynk rolled out educational articles on crypto basics, Bitcoin Cash, Litecoin, Bitcoin and Ethereum, to help customers become more informed on cryptocurrency. Plynk Crypto is dedicated to education and will continue to expand crypto educational materials.

Walter Hessert, head of Strategy for Paxos, commented, Blockchain technology and digital assets will revolutionize finance as it offers the opportunity for all to join an open, global economy. By working with a regulated Trust company, Plynk is helping ensure the security of its customers digital assets, while Paxos manages the underlying complexity. Were excited to join Plynk in helping new investors learn about and access crypto markets.

Plynk is specifically designed to help new investors gain education and confidence along the way. In the app, new investors can invest in a wide selection of stocks, exchange-traded funds (ETFs) and mutual funds. Plynk assists new investors in this process by helping identify investments aligning with their interests by easily scrolling through brands they already love and trust. Also located within the app is an educational hub called Plynk Think, which teaches investing fundamentals and encourages a learn-by-doing approach through interactive lessons aiming to help users build sound financial habits.

The Plynk app is available to download now on iOS (through the App Store) and download for Android (through the Google Play Store). For more information about Plynk and Plynk Crypto, visit http://www.plynkinvest.com.

About Plynk

Plynk is a new investing app that helps make investing easier for new investors. Created by people who have a passion for making investing simple, Plynk makes it easy to get started, get comfortable and get the hang of investing. Plynk offers straightforward language, clear explanations and just a $1 minimum to make it easy to begin investing. Plynk also includes tips, how-tos and easy-to-understand educational articles that help beginners learn as they go. Plynk is a service of Digital Brokerage Services LLC, a registered broker-dealer by the U.S. Securities and Exchange Commission and is a member of FINRA and SPIC. Learn more at http://www.plynkinvest.com.

About Paxos

Paxos is a leading regulated blockchain infrastructure platform. Its products are the foundation for a new, open financial system that can operate faster and more efficiently. Today, trillions of dollars are locked in inefficient, outdated financial plumbing that is inaccessible to millions of people. Paxos is replatforming the financial system to enable assets to instantaneously move anywhere in the world, at any time, in a trustworthy way.

Paxos uses technology to tokenize, custody, trade and settle assets. It builds enterprise blockchain solutions for institutions like PayPal, Interactive Brokers, Meta, Mastercard, MercadoLibre, NuBank, Bank of America, Credit Suisse, Societe Generale and Revolut. Paxos is a top-funded fintech company with more than $540 million raised from leading investors including Oak HC/FT, Declaration Partners, Founders Fund, Mithril Capital and PayPal Ventures. With offices in New York, London and Singapore, Paxos takes a global approach to modernizing the financial system.

Risks of investing in securities through Plynk: Before investing, consider the mutual fund or exchange-traded products investment objectives, risks, charges, and expenses. Contact Plynk or visit the PlynkTM app for a prospectus or, if available, a summary prospectus containing this information. Read it carefully. Keep in mind that investing involves risk. The value of your investment will fluctuate over time, and you may gain or lose money. Past performance is no guarantee of future results. Stock markets are volatile and can fluctuate significantly in response to company, industry, political, regulatory, market or economic developments. Investing in stocks, mutual funds, and ETFs involves risks, including the loss of principal.

Risks of cryptocurrency trading through Plynk Crypto: Trading in cryptocurrency is especially risky due to its volatility and is only for individuals with a high-risk tolerance and the ability to withstand financial losses. Cryptocurrency assets held at Paxos are not protected by the SIPC or FDIC.

Plynk, Plynk Crypto, and the Plynk logo are trademarks of FMR LLC.

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Hive ransomware group migrates code to Rust, accelerating data encryption – Cybersecurity Dive

July 6, 2022 | Author: admin

Dive Brief:

The original Hive payload was previously used by large ransomware affiliates to attack organizations in healthcare and software.The Department of Health and Human Services in April warned healthcare organizations of the ransomware group and described it as exceptionally aggressive.

The new variant, which Microsoft discovered in multiple samples, has a low-detection rate and is more difficult for enterprises to accurately identify.

This migration is a sign that the gang is maturing, requiring more technical expertise and new skills to create ever more sophisticated ransomware, said Michela Menting, research director at ABI Research.

A complete overhaul, including the use of a new programming language, takes time and resources. This suggests the group behind Hive has a long-term plan that bodes ill for organizations.

It is highly likely that the gang is seeking to entrench itself into the ransomware market and ensure longevity, Menting said.

Rust provides Hive and other ransomware payloads with deep control over low-level resources. The latest Hive variant also introduces a new cryptography mechanism, according to Microsoft.

Instead of embedding an encrypted key in each file it encrypts, it generates two sets of keys in memory, uses them to encrypt files, and then encrypts and writes the sets to the root of the drive it encrypts, both with .key extension, the company wrote on its blog.

Rust is especially effective at processing large amounts of data, a key advantage for ransomware gangs that aim to encrypt as much data as they can in the shortest time possible, Menting said.

The programming language is also more difficult to master, making it harder for security companies and competing ransomware groups to reverse engineer the code.

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Kingston Digital Announces XTS-AES Encrypted USB Drive with Automatic USBtoCloud Back Up – Business Wire

July 6, 2022 | Author: admin

FOUNTAIN VALLEY, Calif.--(BUSINESS WIRE)--Kingston Digital, Inc., the Flash memory affiliate of Kingston Technology Company, Inc., a world leader in memory products and technology solutions, today announced the release of IronKey Locker+ 50 (LP50) USB Flash drive that provides consumer-grade security with AES hardware-encryption in XTS mode to safeguard against BadUSB with digitally-signed firmware and Brute Force password attacks.

Kingston IronKey Locker+ 50 offers multi-password, Admin and User, option with Complex or Passphrase modes. Complex mode allows for passwords from 6-16 characters using 3 out of 4 character sets, while new passphrase mode allows for a numeric PIN, sentence, or even a list of words from 10 to 64 characters long; along with support for international characters. To reduce failed login attempts during password entry, the eye symbol can be enabled to reveal what has been typed. But should a User password be forgotten; the Admin password can be used to access the data on the drive or reset the User password.

LP50 is designed for convenience with its small metal casing and built-in key loop, along with the optional feature of USBtoCloud (by ClevX), users can take and access their data anywhere. LP50 is easy for anyone to setup whether you use Google Drive, OneDrive (Microsoft), Amazon Cloud Drive, Dropbox or Box for your personal cloud storage. Plus, all the software and security needed is already on the drive so no application installation required, and it works on both Windows and macOS so users can work from multiple systems.

We are excited to offer another great option for those looking to store their sensitive personal or business data with our IronKey Locker+ 50, said Richard Kanadjian, encrypted business manager, Kingston. LP50 has our most requested feature, dual passwords, along with a new Passphrase mode that will allow users to pick a password that is easier to remember.

Kingston IronKey Locker+ 50 is available in capacities from 16GB 128GB and is backed by a limited five-year warranty, free technical support and legendary Kingston reliability.

For more information visit kingston.com.

Kingston IronKey Locker+ 50

Part Number

Capacity

IKLP50/16GB

16GB IronKey LP50

IKLP50/32GB

32GB IronKey LP50

IKLP50/64GB

64GB IronKey LP50

IKLP50/128GB

128GB IronKey LP50

Kingston IronKey Locker+ 50 Features and Specifications:

USB 3.2 Gen 116GB 128GB: 145MB/s read, 115MB/s write

USB 2.016GB 128GB: 30MB/s read, 20MB/s write

USBtoCloud by ClevX, LLC1 Some of the listed capacity on a Flash storage device is used for formatting and other functions and thus is not available for data storage. As such, the actual available capacity for data storage is less than what is listed on the products. For more information, go to Kingston's Flash Memory Guide.2 Speed may vary due to host hardware, software and usage.3 First free drive letters after physical devices such as system partition, optical drives, etc.

Kingston can be found on:

About Kingston Digital, Inc.

From big data, to laptops and PCs, to IoT-based devices like smart and wearable technology, to design-in and contract manufacturing, Kingston helps deliver the solutions used to live, work and play. The worlds largest PC makers and cloud-hosting companies depend on Kingston for their manufacturing needs, and our passion fuels the technology the world uses every day. We strive beyond our products to see the bigger picture, to meet the needs of our customers and offer solutions that make a difference. To learn more about how Kingston Is With You, visit Kingston.com.

Editors Note: For additional information, evaluation units or executive interviews, please contact PR Team, Kingston Technology Company, Inc. 17600 Newhope Street, Fountain Valley, CA USA 92708, 714-435-2600 (Voice). Press images can be found in Kingstons press room kingston.com/company/press/

Kingston and the Kingston logo are registered trademarks of Kingston Technology Corporation. IronKey is a registered trademark of Kingston Digital, Inc. Kingston FURY and the Kingston FURY logo are trademarks of Kingston Technology Corporation. All rights reserved. All trademarks are the property of their respective owners.

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OpenSSL fixes two one-liner crypto bugs what you need to know – Naked Security

July 6, 2022 | Author: admin

Just over a week ago, the newswires were abuzz with news of a potentially serious bug in the widely-used cryptographic library OpenSSL.

Some headlines went as far as describing the bug as a possibly worse-than-Heartbleed flaw, which was dramatic language indeed.

Heartbleed, as you may remember, was an incredibly high-profile data leakage bug that lurked unnoticed in OpenSSL for several years before being outed in a flurry of publicity back in 2014:

In fact, Heartbleed can probably be considered a prime early example of what Naked Security jokingly refer to as the BWAIN process, short for Bug With An Impressive Name.

That happens when the finders of a bug aim to maxmise their media coverage by coming up with a PR-friendly name, a logo, a dedicated website, and even, in one memorable case, a theme tune.

Heartbleed was a bug that exposed very many public-facing websites to malicious traffic that said, greatly simplified, Hey! Tell me youre still there by sending back this message: ROGER. By the way, send the text back in a memory buffer thats 64,000 bytes long.

Unpatched servers would dutifully reply with something like: ROGER [followed by 64000 minus 5 bytes of whatever just happened followed in memory, perhaps including other people's web requests or even passwords and private keys].

As you can imagine, once news of Heartbleed got out, the bug was easily, quickly and widely abused by criminals and show-off researchers alike.

We dont think these latest bugs reach that level of exploitability or immediate danger

but theyre certainly worth patching as soon as you can.

Intriguingly, both bugs fixed in this release are what we referred to in the headline as one-liners, meaning that changing or adding just a single line of code patched each of the holes.

In fact, as well see, one of the patches involves changing a single assembler instruction, ultimately resulting in just a single changed bit in the compiled code.

The bugs are as follows:

The fixes are simple once you know whats needed:

The modular exponentiation code now converts a count of bits to a count of integers, by dividing the bit-count by the number of bytes in an integer multiplied by 8 (the number of bits in a byte).

The AES-OCB encryption code now uses a JBE (jump if below or equal to) test at the end of its loop instead of JB (jump if below), which is the same sort of change as altering a C loop to say for (i = 1; i <= n; i++) {...} instead of for (i = 1; i < n; i++) {...}.

In the compiled code, this changes just a single bit of a single byte, namely by switching the binary opcode value 01110010 (jump if below) for 0111 0100 (jump if below or equal).

Fortunately, were not aware of the special encryption mode AES-OCB being widely used (its modern equivalent is AES-GCM, if youre familiar with the many AES encryption flavours).

Notably, as the OpenSSL team points out, OpenSSL does not support OCB based cipher suites for TLS and DTLS, so the network security of SSL/TLS connections is unaffected by this bug.

OpenSSL version 3.0 is affected by both of these bugs, and gets an update from 3.0.4 to 3.0.5.

OpenSSL version 1.1.1 is affected by the AES-OCB plaintext leakage bug, and gets an update from 1.1.1p to 1.1.1q.

Of the two bugs, the modular exponentiation bug is the more severe.

Thats because the buffer overflow means, in theory, that something as fundamental as checking a websites TLS certificate before accepting a connection could be enough to trigger remote code execution (RCE).

If you are using OpenSSL 3 and you genuinely cant upgrade your source code, but you can recompile the source youre already using, then one possible workaround is to rebuild your current OpenSSL using the no-asm configuration setting.

Note that this isnt recommended by the OpenSSL team, because it removes almost all assembler-accelerated functions from the compiled code, which may therefore end up noticeably slower, but it will eliminate the unwanted AVX512 instructions entirely.

To suppress the offending AES-OCB code alone, you can recompile with the configuration setting no-ocb, which ought to be a harmless intervention if you arent knowingly using OCB mode in your own software.

But the best solution is, as always: Patch early, patch often!

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Homomorphic Encryption Market | Amazing Deal with 30% discount | Inclinations and Development Status Highlighted During Forecast Period till 2030 …

July 6, 2022 | Author: admin

The homomorphic encryptionmarketreport contains detailed information on factors influencing demand, growth, opportunities, challenges, and restraints. It provides detailed information about the structure and prospects for global and regional industries. In addition, the report includes data on research & development, new product launches, product responses from the global and local markets by leading players. The structured analysis offers a graphical representation and a diagrammatic breakdown of theHomomorphic encryptionmarketby region.

The global homomorphic encryption market has valued at USD 117.8 million in 2016 and is expected to grow at USD 268.3 million at a 7.55% CAGR by 2027.

The digital economy affects the worlds trajectory and the societal well-being of common citizens. In addition, it influences everything from resource assignment to income allocation and economic growth. The adoption of the Internet of Things is pushing significant market growth. Additionally, in 5-10 years, the latest technologies such as robotics, AI, and augmented reality can illustrate around 27% of ICT spending. Consumer demand for access to content and products at any time and from any location is propelling the ICT market forward. The ICT sector is lucrative for vendors since it has about 7 billion mobile subscribers and 3 billion Internet, users.

Despite just marginal pay growth from US$ 66 per hour in 2005 to US$ 71.8 per hour in 2015, the U.S. economy has maintained its leadership position in the global economy. Prior investments in mobile operating systems and internet infrastructure have also aided China and India in reaping the benefits of prior ICT sector structural expenditures.

The United States has delivered gradual and steady economic growth within and beyond information technology since emerging from the global financial crisis. According to figures from the Bureau of Economic Analysis, the U.S. economy increased by 2.5 percent between 2010 and 2018.

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IntroductionThe homomorphic encryption is a security form of encryption process which facilitates the execution of computations via cipher text to generate an encrypted output. It aids to manage the data to have authorized access without compromising the data. Homomorphic encryption is extensively used for valuable data security. Data encryption transforms data into a form or a code so that it is only accessible to people who have the password.

Homomorphic encryption secures the data and improves the privacy during data transmission. For instance, in the Banking sector, the total account value is encoded for a customer using a private key, and the data can be decoded only by using a password. Similarly, the privacy of data via homomorphic encryption can also implemented in the voting system for a secured transmission of data.The integration of cloud computing with the encryption process has a lot of advantages such as low cost, easy maintenance, and re-provisioning of resources. Also, industries such as banking & finance, healthcare, manufacturing among others are providing a huge amount of investment to secure their data on cloud. Therefore, the growing investment in cloud-based industries is propelling the homomorphic encryption market across the world. On the other hand, exposure to malware is a major risk for the homomorphic encryption, for which additional security is often added on to the encryption. For instance, during elections, in case of e-voting, the data is safeguarded with additive homomorphic encryption. Unfortunately, if one of the voting booths get infected with malware then the votes can be manipulated effortlessly before the process of decryption. Such situations can be a threat to the homomorphic cryptosystem used in the banking and finance sector. Hence, vulnerability to malware could be a challenging factor over the next few years.The global homomorphic encryption market has valued at USD 117.8 million in 2016 and is expected to grow at USD 268.3 million at a 7.55% CAGR by 2027.

Key PlayersThe key players of homomorphic encryption market include Gemalto (The Netherlands), Oracle Corporation (U.S.), Microsoft Corporation (U.S.), IBM Corporation (U.S.), Galois Incorporation (U.S.), CryptoExperts (France.), Netskope (U.S.).

Global Homomorphic Encryption Market Analysis & Forecast, from 2016 to 2027> To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the homomorphic encryption market> To provide insights about factors affecting the market growth> To analyze the homomorphic encryption market based on porters five force analysis etc.> To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World> To provide country level analysis of the market with respect to the current market size and future prospective> To provide country level analysis of the market for segment on the basis of energy sources and application.> To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market> To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the homomorphic encryption market.

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Target Audience> Manufacturing Companies> Software Developers> Technology Providers> Distributors> Research firms> Consultancy firms> Stakeholders> End-use sectors> Technology Investors

Key Findings> The global homomorphic encryption market is expected to reach approximately USD 270 million by 2027.> By type, fully homomorphic encryption segment market accounts for the largest market share and is growing with 8.49% CAGR during forecast period.> By application, banking and finance sub-segment holds the largest market share and is growing with 8.67% CAGR during the forecast period.> Geographically, North America region has been projected to hold the largest market share in global homomorphic encryption market followed by Europe region, while Asia Pacific has emerged as fastest growing market during forecast period.

Regional and Country-level Analysis of Homomorphic Encryption Market- Estimation & ForecastThe homomorphic encryption market is growing with a positive growth in all the regions. Increased adoption and advancements in technology associated with the government support to enhance the security system are driving the market on a global scale. On the basis of region, the market has been segmented into North America, Europe, Asia Pacific, and the Rest of the World. North America is dominating the global Homomorphic Encryption market share, owing to a constant growth rate, improved medical facilities, surging private sector investments, high exports and rising number of small and medium scale enterprises. Europe follows soon after which stands as the second biggest market due to the growing security concerns whereas, Asia Pacific follows as the fastest growing region, this growth is attributed to rapid industrialization and a huge customer base in the emerging economies such as China, India, and South Korea.

The reports also cover country-level analysis:> North Americao U.S.o Canadao Mexico> Europeo U.Ko Germanyo Franceo Rest of the Europe> Asia Pacifico Chinao Indiao Japano Rest of Asia Pacifico South Korea> Rest of the World

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What is the goal of the report?

The market report presents the estimated size of the ICT market at the end of the forecast period. The report also examines historical and current market sizes. During the forecast period, the report analyzes the growth rate, market size, and market valuation. The report presents current trends in the industry and the future potential of the North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa markets. The report offers a comprehensive view of the market based on geographic scope, market segmentation, and key player financial performance.

Factors Influencing

The global market is forecast to witness a rapid growth, owing to increasing demand for technological advancements from end-users. Moreover, increasing investments in research and development activities, launches, partnerships, and other strategic initiatives will benefit the market.Furthermore, the growing focus of authorities towards increasing urbanization and industrialization is forecast to drive the market growth.

COVID-19 Impact Analysis

The COVID-19 pandemic has affected almost every industry. The market witnessed a significant decline in investments, mainly in the energy and power sector. According to the estimations by the International Energy Agency, investments in the energy and power domain are projected to decrease by 10% in 2020 as compared to the pre-pandemic statistics. This indicate the condition of global marketplace along with severe challenges faced during pandemic.

Regional Analysis

Asia-Pacific market is forecast to emerge as rapidly growing region in global market, owing to governments initiatives towards increasing urbanization and growing population leading to increasing demand of energy-based products and services. Also, North America is forecast to grow rapidly because of high energy consumption in the region and technological advancements across the sector. Energy consumption has been increasing in the region, mainly in the US; the primary energy consumption is segmented on the basis of nuclear electric power, petroleum, coal, renewable energy, and natural gas. The petroleum and natural gas segment is dominating the overall sector. In the mix of energy sources, petroleum accounts for around 35% of the overall consumption, whereas natural gas accounts for 34%.

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Homomorphic Encryption Market | Amazing Deal with 30% discount | Inclinations and Development Status Highlighted During Forecast Period till 2030 ...

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What is Engineering? | Engineering Examples – Video & Lesson Transcript …

July 6, 2022 | Author: admin

What is Engineering?

What do Scotty on the Starship Enterprise, Neil Armstrong, Leonardo Da Vinci, and Bill Nye all have in common? They're all engineers! Engineers are capable of doing some amazing things: they solve problems in society that might seem impossible at first, like designing and building the first suspension bridge, assembling the equipment to put man on the moon, or creating the steam engine. In fact, that's where the word 'engineer' comes from: engineers are the individuals responsible for building everything from the steam engine to the engine in your car. But, what exactly is engineering?

Engineering is a scientific field and job that involves taking our scientific understanding of the natural world and using it to invent, design, and build things to solve problems and achieve practical goals. This can include the development of roads, bridges, cars, planes, machines, tools, processes, and computers. The things engineers build are called technology. Without technology, the modern world simply wouldn't exist. We're surrounded by the work of engineers practically every moment of our lives.

There are many different types of engineering. The most significant ones are civil engineering, mechanical engineering, electrical engineering, and chemical engineering.

Civil engineering is probably the first one that comes to mind when people think about engineering. These are the roads, bridges, dams, buildings, and canals that make up our human communities and infrastructure. All of those structures are designed and built under the supervision of civil engineers.

Mechanical engineering is what puts the 'engine' into engineering. This is often where the problem-solving cleverness of engineers is most on display. Mechanical engineers can turn one type of energy into another one, or one type of motion into another, to solve problems. They're responsible for cogs and levers, joints and belts, cams and wheels, and shafts and pulleys. These basic structures, when taken to a highly complex level, lead to things like steam engines and the internal combustion engine of cars. Mechanical engineering, therefore, encompasses everything from car mechanics, to air-conditioning systems, to military aircrafts and robotics.

Electrical engineering might be less acknowledged than other types of engineering, but it's probably the most central to the modern world in which we live. It's hard to imagine a world without electricity and electronics. From computers to televisions, to digital cameras to cell phones, each of these technologies is a product of electrical engineering. It began with simple electrical systems like the telegraph, telephone, and light bulb, and advanced more and more from there.

Chemical engineering is perhaps the least well known, but it's a no less important part of the field. It involves producing chemicals, such as man-made and space-age materials, and fuels for human use. The gas you put in your car exists thanks to chemical engineering. So do polyester clothes, plastic toys and bottles, and even treatments for diseases, which often involve chemical engineering processes.

When you put all of these pieces together, you see that the modern world we live in would be completely impossible without engineering; and even into the future, the problem-solving skills of engineers have the potential to solve many problems.

With every new century comes new challenges. We have many problems still to solve, and engineers can help us solve them. How many problems can you think of that engineers might be able to solve in the 21st century?

One of the most significant problems humanity is currently facing is the threat of climate change. It's engineers who will figure out how to improve sustainable sources of energy, making it easier for people to use them. It's engineers who will work on ways to provide plenty of clean water for the growing human population without using too much energy in the process. Engineers might even find viable ways to remove carbon dioxide from the atmosphere, reversing the process of climate change, or find ways to capture the carbon dioxide we're currently producing. Many of these tasks are feasible already, but the cheaper and easier they are to do, the more likely people will do them.

Other problems humanity faces are the issues of poverty and world hunger. Already, things are much better than they would be without engineering. The farming technology we use today, for instance, allows us to create huge quantities of food with relatively little effort. There is no way we could have so many people alive on Earth without it.

There are dozens of additional problems that engineers may solve over the next century. Maybe we'll have automatic irons, fully solar-powered cars, household robots, virtual-reality computers, advanced medicines, cheap and easy-to-build bullet trains, or fusion power. Whatever we learn from scientific research, engineers will be there to put it to use in our lives.

Let's review what we've learned. Engineering is the means by which we take our scientific knowledge of the world and use it to invent, design, and build technologies to solve problems in our lives. Engineering includes civil engineering, mechanical engineering, electrical engineering, and chemical engineering.

Together, these fields of engineering have shaped the modern world and will continue to do so in the future. Whether it's household robots or advanced medicines, engineers will put science into practice.

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What is Engineering? | Engineering Examples - Video & Lesson Transcript ...

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