ID & Security

The plastic card market faces multifaceted challenges in today's digital landscape, including security vulnerabilities and evolving authentication needs. Access control, virtual credentials, and cybersecurity threats further complicate the landscape, needing robust solutions to safeguard sensitive information.

1. 1. Plastic Card Challenging Ecosystem: Higher competition and evolving consumer demands are challenging the plastic card market which is facing significant security concerns. Industries relying on plastic cards for identification and transactions, notably the financial sector, face mounting pressure to fortify security measures. Escalating instances of card fraud and data breaches underscore the urgency for robust authentication solutions and higher security protocols to safeguard sensitive information and maintain consumer trust.

   2. Authentication is a Driving Force in the Industry: Access control solutions are at the forefront, offering lucrative opportunities for businesses aiming to fortify security and offering secure operations. The advancing authentication technology, including the Multi-Factor Authentication (MFA), empowers organizations to deploy tailored access control systems, optimizing security protocols. The healthcare and public sectors emerge as key growth areas, with substantial investments anticipated in boosting access control measures to safeguard critical assets and sensitive information.

   3. Virtual Credentials—Seizing Opportunities with Security Measures: In a predominant digital transformation era, virtual credentials emerge as a versatile solution, facilitating easy authentication across diverse devices and platforms. However, their widespread adoption introduces novel challenges, such as data privacy risks and the potential for unauthorized access. Achieving a delicate balance between convenience and security becomes instrumental to fully harness the potential of virtual credentials in safeguarding sensitive information and ensuring user trust.

   4. Cybersecurity is the Key Concern: Cyber threats show significant risks to company systems, with printers and terminals often exploited as vulnerable entry points. Malicious actors leverage these weaknesses to gain unauthorized access to sensitive data and compromise network security. Implementing robust authentication systems for printers and terminals is crucial to safeguard company assets and uphold data integrity in today's threat landscape.