RIP cash: it kicked the bucket in 2030

Goodbye, cash. We barely knew you. Well, actually, we did … er, do, but your time may be coming to an end. Which may be good news for Apple Pay, Apple’s mobile payment service.

IEEE, an organization “dedicated to advancing technology for humanity,” has announced the findings of an online survey that details more than 1,900 technology enthusiasts' views on digital safety and the future of cybersecurity. According to the results, when asked what year mobile payments would be secure enough to the point where traditional methods (such as cash and credit cards) would no longer be required, 70% of respondents indicated a major shift by 2030. 

The survey results also found, on a scale from 1-5 (with 1 being least concerned to 5 being the most concerned), a similar percentage between the lack of concern regarding the security of work email (50%) and personal email (49%) accounts, which is a bit surprising since there's no dedicated IT department to monitor and protect personal email as there is for a work-affiliated account.

More than one quarter (26%) of participants also noted that the cloud was the least preferred method for storing their information; 49% of respondents chose personal computer log as their primary option. Respondents did have concerns regarding other considerations to their digital footprint. When asked on a scale from 1-5 about their personal information being available on certain platforms, respondents believed that online banking (72%), syncing to the cloud (53%) and banking/mortgage information (60%) were extremely risky, indicating a 1 or 2 for each.

"These results emphasize the need for more research in cloud security," says David Brumley, IEEE member and director of CyLab at Carnegie Mellon University. "We need to develop more tools to test software vulnerabilities, and we need them more broadly adopted.”

There’s a level of sophistication among respondents who monitor their home Internet activity. According to the results, 22% of respondents have automated alerts set up for any attempted connectivity, 11% utilize visualized monitoring in real-time and 3% connect to a cloud monitoring system. When asked what would be most affected by the continued developments of cybersecurity, participants noted identity theft (42%), followed by online anonymity (27%), piracy (18%) and viruses (12%).

IEEE hosted an online survey on IEEE Transmitter, which was hosted from February 16 - 29. The survey asked participants who are actively engaged in technology trends a variety of questions regarding their digital comfort level as well as what the future might hold for the future of cybersecurity. The total number of survey respondents garnered was 1,903. Full survey results can be found by visiting IEEE Transmitter.