In the upcoming tech sprint, which doesn't yet have a specific start date, participants will be asked to come up with a “scalable, cost-efficient, risk-based solution to measure the effectiveness of digital identity proofing to ensure that individuals who remotely (i.e. not in person) present themselves for financial activities are who they claim to be.” Source link … [Read more...] about FinCEN, FDIC to Hold ‘Tech Sprint’ for Digital Identity Tools
Identity
After Identity Theft, Salvadorans Now Report Funds Disappearing From Chivo Wallets
After opening a link that referred her to a WhatsApp chat, the scammer asked her to deposit money in her Chivo wallet to recover the funds. Vieytez put in $100, and was asked for more. She put in another $100 and, again, was asked for more. When the account had $400 in it, the scammer took all the money. Source link … [Read more...] about After Identity Theft, Salvadorans Now Report Funds Disappearing From Chivo Wallets
IEEE Blockchain Identity of Things standardization working group kicks off
Six worldwide corporations have banded together to start the IEEE blockchain Identity of Things standardization. According to IEEE Chair of the Identity of Things Working Group Dr. Xinxin Fan, researchers from Lockheed Martin, Ericsson, Lenovo, Huawei, Bosch, IoTeX and China Academy of Information and Communications Technology are developing the global standards … [Read more...] about IEEE Blockchain Identity of Things standardization working group kicks off
Avast Acquires Self-Sovereign Identity Firm Evernym for Undisclosed Amount
“Our vision for digital freedom is to enable people to manage and retain control over their personal data so that they can interact and transact safely, privately and with confidence. Adding Evernym’s groundbreaking, self-sovereign identity technology to our offering enables us to address this area and is a huge step forward in the realization of our decentralized, portable … [Read more...] about Avast Acquires Self-Sovereign Identity Firm Evernym for Undisclosed Amount
Burrata Raises $7.75M From Stripe, Variant to Build Identity Data Bridge
Even so, vetting PII is table stakes whenever money’s involved online. Identity, credit scores and social network reputation metrics “will help make the Web 3 markets much more efficient,” and accessible to the non-crypto crowd, said Osama Khan, who previously worked at customer data platform Segment. Source link … [Read more...] about Burrata Raises $7.75M From Stripe, Variant to Build Identity Data Bridge