Global spending on digital identity verification is expected to grow by 74% to over $26 billion by 2029, primarily due to advancements in behavioral biometrics and blockchain technology. These innovations enhance fraud detection and ensure better user control over data privacy. Regulatory changes in the EU will also shape market practices significantly. A recent study…
The U.S. is seeing increased acceptance of mobile IDs, especially in age verification and air travel processes. New York’s Mobile ID (MiD) has been widely embraced, aiding hospitality businesses in age checks. West Virginia also launched its mID system. Overall, about 14 states are implementing mobile driver’s licenses, with significant growth expected in the coming…
Biometric technologies are rapidly modernizing identity verification across sectors by providing secure and efficient solutions. Their application ranges from real-time verification during travel to innovative border control measures. Security of biometric data, privacy, and ethical implementation are crucial concerns that must be addressed as biometric systems grow more prevalent and advanced. Biometric technologies are transforming…
New Zealand’s Digital Identity Services Trust Framework goes live on November 8, focusing on regulating digital IDs. It operates on an opt-in basis, with no central data storage, requiring consent from users for each transaction. Accreditation for identity service providers is not mandatory but grants a trust mark, fostering safety and privacy in digital interactions….
CREDEBL, a decentralized identity platform developed by Ayanworks, joins the Linux Foundation Decentralized Trust initiative. It is utilized by Bhutan and Papua New Guinea for managing digital identities, supporting various use cases. This collaboration aims to boost resources and promote decentralized identity technology adoption, contributing to a secure digital ecosystem. CREDEBL, a platform for managing…
The NIA of Ghana emphasizes adopting biometric verification methods for identity checks using the Ghana Card, highlighting the risks associated with outdated verification practices. The NIA has developed a secure Identity Verification System Platform (IVSP) to facilitate immediate authentication, preventing identity fraud. Institutions are encouraged to prioritize biometric methods to enhance security during transactions. The…
The EU has released guidelines on banned AI uses under the AI Act, detailing applications such as real-time biometric identification and social scoring. Effective February 2nd, these non-binding guidelines aim to clarify compliance obligations for businesses and organizations. Moreover, they highlight exceptions for law enforcement in specific circumstances. Member states must establish enforcement authorities by…
CBP has deployed facial biometrics at all international airports and other entry points, processing over 540 million travelers. This technology enhances security and efficiency, with a significant reduction in the number of impostors entering the U.S. CBP’s implementation reflects a continuous evolution in border protection measures. Facial biometrics have been effectively integrated by CBP (Customs…
Identity Check is a new security feature in Android 15 for Pixel phones that mandates biometric authentication for accessing sensitive information outside of trusted locations. To set it up, users must verify their device’s compatibility, navigate through settings, and toggle the feature on. It enhances security for activities like changing passwords or account settings, protecting…
The Self-Sovereign Identity (SSI) market is projected to grow significantly by 2031 due to rising concerns about identity theft and the need for enhanced digital security. Key players are collaborating to innovate security solutions, empowering individuals with control over their identities. The market encompasses various sectors and is backed by substantial research to guide business…
