Investment firm KKR will lead a $48 million Series C funding round in digital trust platform Privy. It says the investment will help Privy strengthen its position as a digital signature and digital identity provider in Indonesia, support the development of new consumer and enterprise products to enable Indonesians and businesses to access a wider range of services securely and accelerate broader digital transformation.
The Indonesian government says it is committed to digital transformation through digital infrastructure, digital governance, digital economy, and digital citizenship – and contribute to the development of the digital community in Southeast Asia. Indonesia’s digital economy is projected to reach $146 billion by 20252, and to become Southeast Asia’s largest digital economy valued at more than $300 billion by 2030.
The European Union is preparing for the 2024 release of its digital ID wallet, which would enable EU residents to store digital identity credentials such as national ID, driving licence and bank account details.
The EU plans to publish standards and specifications before 2023, says Romana Jerkovic, a member of the European Parliament and member of the EU’s Committee on Industry, Research and Energy, according to Raconteur.
“The legislative process could be completed by next spring, setting the stage for the wallet to go live in 2024,” said Jerkovic. “Under the plan, EU member states will have 12 months to issue their wallets once the regulation is adopted.”
Beyond Encryption is partnering with Arken Legal, a provider of document automation software for the private client industry. The partnership will see Beyond Encryption’s secure email solution, Mailock, being made available to their customers.
Mailock utilises encryption and ID authentication capabilities to help financial protect sensitive data when communicating with clients.
Crossword Cybersecurity has completed a project to expand the scope of its services with CCN-CERT, the Information Security Incident Response Team (CERT) of the National Cryptologic Centre in Spain (CCN), which is accountable to the Spanish National Intelligence Centre.
CCN-CERT has expanded its use of Crossword’s cloud-based breached account mining platform, Trillion, to protect its entire public administration, including its education sector. Trillion is Crossword’s breached account mining platform, which continuously tracks, correlates and analyses billions of stolen usernames and passwords.
CCN-CERT invited hundreds of local authorities, municipalities, town halls and central government departments to come on board using simple automated signups. Trillion is now monitoring hundreds of organisations, thousands of domains and reporting leaked data on hundreds of thousands of public workers across Spain.
New South Wales (NSW) is set to pilot photo verification technology which will empower customers to have more control of their personal information while enabling convenient and secure proof-of-identity transactions online with both government and business.
Minister for Customer Service and Digital Government Victor Dominello said the technology will be opt-in and will put customers in charge of their personal information.
“Recent cyber breaches have underlined the need to keep the control of our private information in the hands of the customer, and stop the need for the continual oversharing of our personal details,” he said.
“We have put privacy, security and customer control at the heart of the NSW Digital ID, and its pilots. Customers will be able to store their encrypted personal information securely on their own device meaning it will not be held centrally by Government or a private entity.
“And customers can be confident that no biometric or photo data will be stored once successfully verified.”
The New Zealand government is replacing manual recordkeeping used during the pandemic with a digital ID wallet app to track the competencies and clearances of a critical government programme.
Staff working in New Zealand‘s Managed Isolation and Quarantine programme, an emergency response to Covid’s arrival in the South Pacific nation are now using digital credential management software from vendor Jnctn for digital ID verification.
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Administrators are using the wallet app to make sure each staff member has the appropriate training, certification and skills for the environment they are in and that they will be in.
Digital ID infrastructure should have higher security levels and is a “core government task” that Sweden should focus on, according to the Swedish government’s special investigator Anna Kinberg Batra.
According to the identity expert, Sweden is one of the world’s most digitized countries. Still, only a few banks and companies own and control “socially important” digital ID infrastructure.
“More and more of our everyday life is digital,” said Batra, as per Biometric Update. “But the need to identify oneself electronically extends far beyond banks and payments.”
She said that now that Sweden is about to preside over the EU’s presidency, the fact that the country is one of the few member states that lack publicly available e-identification at the highest security level is becoming more evident.
Sweden has high standards for digital services in general, but many EU countries are ahead of it on digital security, said Batra.
The special investigator said Sweden, Cyprus, Greece and Romania are currently the only EU countries that lack state digital identification.
The International Air Transport Association (IATA) is working with several airlines and intermediaries on a digital identification project to gain further insights on how digital identities can complement the existing identification standards – including the IATA Agency Code.
As part of this, creating added value to all participants in the areas of security, fraud prevention and ease of doing business is being considered.
Benefits of the new technology will include:
Security – A digital identity provides a cryptographically-secure process to verify identity and the ownership of an IATA Code
Fraud Prevention – Providing this level of identity authentication will prevent the fraudulent use of IATA Codes by non-authorized individuals and therefore reduce, for example, the level of fraudulent booking and payment activities
Ease of business – A standard digital identity could be used across the industry value chain and with many different suppliers, therefore removing the need for a seller to sign up for a separate digital identity with each supplier
Irish post service AnPost has partnered with digital identity trust company Daon to improve its customer registration service.
The Daon Identity X platform ensures identity continuity and end-to-end identity capture and verification across all devices and channels, including an in-branch capture process. The partnership is intended to enable new customers to securely sign up via the AnPost Money app or in person at Post Offices.
The AnPost customer registration process requires customers to take a photo of their driver’s licence or passport and then take a selfie. Daon’s platform will then match the selfie to the ID document while using genuine person detection technology to prevent fraudsters with photos, video recordings, deep fakes and masks.
Yoti is now working with THG Ingenuity to provide age verification solutions to its brand clients.
That will mean that brands working with the THG Ingenuity platform – part of THG (The Hut Group) will be able to check the age of the shoppers that buy from them through solutions including facial age estimation technology, a digital identity app and ID document verification. Brands can opt for the solution that is most relevant for them.
Nestlé, Elemis and Homebase are among those that sell via the Ingenuity platform.