This document summarizes a panel discussion on security for Internet of Things (IoT) devices and secure payment transactions. The panel discussed trends driving the need for improved payment security within IoT, including the evolution of use cases, increased cyberattacks, adoption of digital currencies, and new regulations. Panelists addressed how different players in the IoT payment ecosystem are addressing security challenges, including the roles of devices, semiconductor vendors, platforms, payment vendors, and existing payment networks. The role of new technologies like blockchain was also discussed. The panel provided an opportunity for open discussion between the presenters and audience.

1. IoT Security & Secure
Payment Transactions
6 Mar, 2018
© 2018 Whiteboard Venture Partners

2. Roundtable Panel
Abhijit Solanki (moderator)
Whiteboard Venture Partners
Mansour Karimzadeh
Secure Payment Academy
Nancy Zayed
MagicCube
Dr. Christopher Williams
Exponent
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3. IoT Security concerns are similar to IT Security gaps…
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Information
Application
Infrastructure
Management
Is ‘my’ data
secure?
Can someone
tamper ‘my’
apps?
Am ‘I’ protected
from OS
vulnerabilities?
Do I know
everything
about ‘my’
footprint?

4. ...but require offerings tailored to customer segment
Automotive Security Industrial Security
Medical Device Security Consumer Home Security
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Illustrative examples

5. VC investments in IoT Security growing >100% y-o-y
0
100
200
300
400
2015 2016 2017 2018 YTD
VC funding (USD Millions)
© 2018 Whiteboard Venture Partners
Number of
companies
funded
34 42 1060
Source: Crunchbase, internal analysis

6. Agenda for panelists
• What trends/standards are shaping the need for payment security within IoT?
– Evolution of use cases: Digital Remittance, Mobile Wallets, mPOS, connected cars
– Increase in cyberattacks globally
– Adoption of digital currencies (BTC, ETH,..)
– Regulatory (data-privacy) and Industry initiatives
• How are the different players in the IoT payment ecosystem addressing these challenges?
– Role of the device (mobile, wearable,..)
– Role of semiconductor vendors
– Role of the technology platforms (iOS, Android,..) and payment vendors (Fiserv, PayU,..)
– End user experience over existing payment networks (Visa, Mastercard,..)
• What is the role new technologies (ex: blockchain) and companies can play?
– Evaluation criterion (relevance, maturity,..)
• Open Q&A with audience
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7. THANK YOU
abhijit@whiteboard.vc
© 2018 Whiteboard Venture Partners