Advancements in biometric security solutions like facial recognition technology have led governments and organisations alike to utilise this technology.
Facial recognition and other biometrics technologies have gained massive adoption from a wide range of companies in the past few years. In this article, we'll examine how these technologies work. Then, we'll look at some current real-world applications as well as the risks and benefits for individuals and organisations.
As data breaches are becoming more and more prevalent it’s hard to not become immune to them. Companies we know and trust are getting hacked right and left and, for many, it seems like there’s little we can do about it besides become a hermit and take ourselves off the grid entirely. But, that’s not the case and it’s poor judgment to ignore the possibility of hacks. While data hacks are increasing frequency in North America, there are some things you can do to keep them from affecting you or at least lessen the blow.
Blockchain is more than just a buzzword. It’s already being used to solve real-world problems in a number of industries. But how does it work? In this article we explain what distributed ledger technology and blockchain are. We also explain how these technologies work to keep data secure, create sovereign identities, and streamline KYC processes.
Before the rising popularity of the internet, most people relied upon only a few forms of offline identity. As more people started to utilise web-based technologies, we saw a rise in the creation of several, disparate digital identities. As a result, end users today are finding it more difficult to manage data across various platforms while also maintaining data privacy. This is all part of the complex history of digital identity.
Identity and Access Management (IAM) is increasingly important in finance for quite a few different reasons. First, we have continued to see an increase in the number of regulations surrounding data privacy. Initiatives like GDPR are being passed by various legislative bodies from around the world, ensuring that businesses establish better data privacy measures.
Australian accreditation follows SingleSource’s approval as an Intermediary to verify identity documents by New Zealand’s Department of Internal Affairs.
Auckland, NZ, November 1st, 2018 - SingleSource, New Zealand’s pioneer in decentralised identity and risk scoring has announced that it will partner with specialist insurance company, Delta Insurance to integrate SingleSource’s Know Your Customer (KYC) service to reinforce their holistic cyber security solution.
When looking at the early history of blockchain, controversy has loomed at times. This is especially evident with issues surrounding cryptocurrency. ICO fraud, failed blockchain projects, and the so-called bitcoin bubble of 2018 have all acted as major obstacles to the adoption of blockchain technology itself.
Crypto exchanges have an increasingly important responsibility to ensure that services remain compliant with various government regulations. As policies begin to mandate more transparency in the cryptocurrency market, exchanges must implement procedures to perform thorough KYC checks on crypto traders.