REPORT PREDICTS END OF CASH AS EARLY AS 2030

By the year 2030, cash will be dead. And mobile payments are what will kill it.

That's one of the key findings of the latest cybersecurity report by IEEE, the Institute of Electrical and Electronics Engineers. The report, simply titled The Future of Cybersecurity, was released on Wednesday and speaks to security issues with mobile payments, as well as the cloud, email, and personal security.

To form the basis of this report, IEEE surveyed nearly 2000 technology enthusiasts to get their thoughts on the state of cybersecurity and where it is headed. For starters, they took a look at the security of mobile payments.

According to the report, 70% of the people who responded believed that, by the year 2030, "mobile payments will be secure enough to overtake the use of cash and credit cards."

Toward the end of 2015, while more than half of Americans knew that mobile payments systems existed, very few actually used them. However, it was also predicted that the use of the technology would triple in the year 2016.

However, right now there are still a plethora of concerns being voiced by potential users of the technology... If these concerns can be addressed, though, it could lead to an explosion of mobile payment system engagement.

To read the complete article, see:
2030: The year mobile payments kill cash, according to security report (www.techrepublic.com/article/2030-the-year-mobile-payments-kill-cash-according-to-security-report/)

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