United Kingdom
The UK’s digital ID theft protection services industry is forecast to keep growing, year after year, according to research from ID Crypt Global.
In 2018, the UK digital ID theft protection industry generated revenue of £361 million. But over the next few years, the market struggled to maintain this level of success with revenue declining year on year until hitting a low in 2021 with total revenue of £311 million.
In 2022, however, revenue increased by 4.3 percent to reach £325 million.
ID Crypt forecasts that 2023 will see a further increase of 2.2 percent, before growing again in 2024, by 2.7 percent when the market will generate £341 million revenue. While this sustained period of growth is promising, it still leaves the market £20 million smaller than it was during its 2018 peak.
United States
The US government has scheduled a briefing for vendors interested in bidding on work to improve the Login.gov sign-on service.
The General Services Administration, which is responsible for Login.gov, is looking for new remote ID-proofing software for single sign-on service. The estimated minimum value of the contract is $10.1 million, but it could surpass $100 million, according to planning documents.
Officials working with the watchdog agency want more of the public able to use online services offered by federal, state, tribal, territorial and local governments. The project is expected to improve biometric comparisons, ID document captures and other service categories under evolving privacy restrictions and data rights.
Singapore
For the first time, voters will be able to use their Singpass app in place of the physical National Registration Identity Card (NRIC) to verify their identity at polling stations in the upcoming presidential election, which must be called by September 13.
Singpass carries the digital identities of 4.5 million residents here. The national authentication system also secures residents’ access to their public health records, property titles and Central Provident Fund accounts. In the private sector, Singpass secures online insurance purchases and claims, and the opening of bank accounts.
Guyana
Guyana’s government is advancing legislation to back a biometric national digital ID card initiative.
Veridos was selected as the supplier for the project in March, and the Guyana Times has revealed the contract is worth $35.4 million.
The Digital Identity Card Bill would establish the basis for a civil registry of identity data for citizens from 14 years of age, along with non-citizens. The registry will be administered by Guyana’s Data Protection Commissioner. The cards will be considered legal proof of identity for public and private sector interactions, both in person and online. They are also intended for travel.
The Data Protection Commissioner will have the option of setting up one or more fixed-location or mobile centers for data collection and card distribution in each region of Guyana, reports Biometric Update.
Philippines
The Philippines Identification System (PhilSys) is increasing the availability of its services. The country plans to use PhilSys and its identity card PhilID to fast-track the digital transformation of government services and the distribution of social benefits.
“The National ID System will be at the core of this digitally transformed network of government services,” President Ferdinand Marcos Jr. said in July. “It will fundamentally change the lives of each Filipino. At 87 percent total registration, we are now closer to establishing a complete, accurate, and reliable digital database of our own for the entire population.”
United States
Veza, a platform that helps to secure identity access across apps, data systems and cloud infrastructure, has raised $15 million in a funding round led by Capital One Ventures and ServiceNow — valuing the company at $415 million.
Bringing Veza’s total raised to $125 million, co-founder and CEO Tarun Thakur says that the proceeds will be put toward product development, expanding Veza’s sales capacity and supporting its go-to-market execution.
Thakur founded Veza in 2020 alongside Maohua Lu and Rob Whitcher, launching the startup out of stealth in April 2022. Veza enables companies to enforce policies, monitor in real time for violations and risky permissions and automatically block or revoke unauthorized access to products and services. Leveraging what Thakur describes as an “authorization graph,” Veza attempts to make sense of the authorization metadata in a company’s internal apps and databases.
