Honors Security Project Idea

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Good Day,

I am doing my honors in Information Technology (it is a combination of Computer Science and Informatics at a university in South Africa).

I would like to join the Security community, thus, this is what my project will be about. But this is where I am stuck, I have two ideas (which I will explain later) but I don't know where to start.

My first idea is to focus on the security issues of the cloud, however, since people will accept these issues because of all the benefits you gain, convincing people that your solution is another benefit, would not be as greatly received as one would hope.

My other idea is a suggestion from a friend, to focus on the security issues regarding EMV (Europay, MasterCard and Visa) smart cards.

The two categories that I am interested in is Information Security, and Information Security Governance, which takes me to my first idea, Cloud security flaws.

I don't know where I should start with these flaws, since there are a number of them, or if I should be looking for a new one, should I look at something that the cloud completely misses??

If you have any suggestions, guidance or any other useful information that could help me in finding a great idea that would stand out from the rest, I would highly appreciate it!!

Thanks in advance,
Rossouw

P.S I hope this falls in the right category, if not, feel free to move it :)