Global
The global digital identity management solutions market is projected to reach $70.8 billion by 2030, at a CAGR of 15.4 percent from 2023 to 2030.
A new report by Meticulous Research shows the growth of digital identity is driven by factors such as the increasing frequency and sophistication of authentication and identity frauds in the BFSI sector, government initiatives encouraging the adoption of digital identity management solutions, and the integration of biometric capabilities into mobile devices.
The growing adoption of cloud-based digital identity management solutions and the increasing use of contactless biometric solutions are also expected to create market growth opportunities.
However, the high capital requirements for deploying digital identity management solutions restrain the growth of the market. Additionally, misconceptions and a lack of knowledge regarding digital identity management solutions are major challenges for the players operating in this market, said the research.
United States
The Senate Homeland Security and Governmental Affairs Committee has passed the Improving Digital Identity Act, which would establish an Improving Digital Identity Task Force.
Centered on privacy, the Act comes in response to calls from the bipartisan Commission on Enhancing National Cybersecurity for the government to create an interagency task force designed to find a secure, user-friendly method for agencies to serve “as an authoritative source to validate identity attributes in the broader identity market.”
The legislation is built on the idea that the government is “uniquely positioned to deliver critical components that address deficiencies in the digital identity infrastructure of the United States and augment private sector digital identity and authentication solutions.”
New Zealand
The Digital Identity Services Trust Framework Bill has passed its final reading. Once the Bill receives Royal Assent, it will become law.
The Digital Economy and Communications Minister Ginny Andersen stated that “[the framework] will help New Zealand stand out as a leader in the ethical, trusted deployment of technology on the world stage.”
The objective of the Bill is to help develop digital identity services that are trusted and people-centric. While the primary obligations in the Bill will be on digital identity service providers on an opt-in basis, it will also have an impact on individuals and organisations in the digital identity ecosystem, including banks, government agencies, utility and telecoms providers.
United States
New research shows that total identity fraud losses were $43 billion in the US, down from $52 billion the year before, a decline of 17%.
Identity fraud scams victimised fewer people. Javelin credits this to consumer outreach by financial services and consumer advocacy groups, and stronger fraud prevention tactics at banks and credit unions. The decline in number of victims was two million, even as significant challenges persist in the overall battle against identity fraud and scams.
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However, identity fraud has a disproportionately severe impact on non-white households. Exposure to data breaches affects 27 percent of Hispanic households and 26 percent of Black households—a considerable difference from White households—and the gap widens when compared with Asian households. The report describes the heavy toll identity fraud exacts on its victims, explores several contributing factors, and provides recommendations based on these findings.
Global
Okta has launched a new partner programme, Okta Elevate. With the new programme, Okta said it “looks to engage with our partners more strategically. Recognising and rewarding partners for the full spectrum of value they can deliver to customers and Okta—from finding, developing, and influencing to delivering, managing, and transacting.”
Okta is simplifying deal registration, offering a broader range of specialisations, introducing a new partner tiering and partner badging model.
United States / Middle East
Zwipe is partnering with US-based access control and biometrics provider CardLogix to load smart credentials onto access cards made with Zwipe’s biometric-system-on-chip (BSoC).
CardLogix will pursue global market opportunities for biometric access cards, according to the announcement. Zwipe also has a new distribution deal for Saudi Arabia and the Middle East and Africa region, with Inkript subsidiary Unicard.
United States
None of the employees of America’s General Services Administration (GSA) that were identified as having misled customers about the identity assurance level offered by Login.gov remain employed there, an official told US lawmakers.
GSA Commissioner Sonny Hashmi defended Login.gov’s fraud prevention capabilities at a hearing held by the House Subcommittee on Government Operations and the Federal Workforce.
The service uses phone and address verification, and checks third party data and state driver’s licence databases, as per Biometric Update.
If it used a selfie to match the face biometrics of users, it would meet the Identity Assurance Level 2 (IAL2) set by the National Institute of Standards and Technology for remote identity verifications. GSA employees had claimed that Login.gov did meet the threshold.
Jamaica
The government of Jamaica says a ‘sensitisation campaign’ on the implementation of the National Identification System (NIDS) will soon begin as a procurement process to that effect is being finalised after the process failed last year. This comes as the country is looking forward to the rollout of its new generation biometric passport from March 31.
The Minister of Finance and Public Service Nigel Clarke said the government is working to ensure the operationalization of the NIDS. Clarke said that as part of the plan, government intends to increase the number of biometric enrolment centres for the ID card, saying they intend to ask for 19 post offices across the country to be transformed into enrolment centres.
The programme for the issuance of the digital ID cards, the Minister said, will be done alongside a campaign to issue free birth certificates dubbed ‘Operation Birthright.’ These birth certificates are to enable those to who they are issued to apply for the national ID card, the outlet notes.
