The safety of money - traditional vs. digital

Thursday 02 September 2021 | 17:00 - 18:00 | Webinar

This event is brought to you by the Future of Money working group

Since there has been money in circulation, there have been attempts to benefit from the issuance of fake coins and notes. The fraudsters became more and more sophisticated and, therefore, the security and safety features of the “real” money, had to become more complex and fraud-proof. To develop safety features of bank notes is something that is intuitively understandable, but how does it work for any other mode of payment? In particular, how can digital currency be made “fake resistant”? 

 This session will discuss:

• The history of secure payment systems
• The challenges of money security with digital currencies
• Different concepts to make digital central bank money secure
• Standard for digital central bank money 

Where recordings are made, these are a member benefit that are accessed through the member-only platform, CFA UK Discover.

Timings

Registration: 16:55

Event: 17:00 - 18:00

CPD Points: 1.00

Speaker

Ralf Wintergerst, Chairman of the Management Board of Giesecke+Devrient (G+D)

In addition to his duties as group CEO, Ralf is responsible for the central services departments of information systems, corporate security, compliance management and auditing, corporate communications, corporate strategy, corporate development, mergers & acquisitions, legal services and corporate governance.

In addition, Ralf holds various positions related to IT security issues, including as Chairman of the Advisory Board of the Alliance for Cyber Security initiated by the BSI (German Federal Office for Information Security) and member of the Executive Committee of Germany's digital association, Bitkom.

G+D was founded in 1852 as a printer for international banknotes. Over the years G&D was instrumental in the development of the euro cheque system, introduced the first machine readable bank note world wide, produced the first chip cards and delivered the first commercial SIM cards worldwide. Most of the global central banks use system developed by G&D to secure their money and payment systems. There are actively involved in the development of central bank digital currencies.

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