Investment in biometrics is not limited by privacy concerns

The acquisition of facial biometrics and remote identity verification provider Acuant by GBG continues the trend of investments in the digital ID space, as does the acquisition of the keyless authentication provider Keyless by Sift and a funding round of $ 90 million for Stytch. Oosto and Vsblty report positive results from using their biometrics and computer vision technologies in smart city systems in another of this week’s most read articles on Biometric update. However, privacy concerns continue to surface around data collection, from consumer apps to the metaverse.

Top biometric news of the week

The disruptive power of blockchain will combine with biometrics to redefine digital identification through the use of a single token, writes Frost & Sullivan in an analysis of the digital identity market. This may take until 2030, however. Along the way, deployments of biometric readers and kiosks, national government programs and identity theft issues will fuel growth in a wide range of areas.

A series of UN-supported roundtables examined the role and state of digital identity as an aspect of legal identity. A report summarizing the series describes legal and digital identity as sometimes overlapping elements of a larger overall concept and an increasingly important role for the private sector, especially with an increase in the use of decentralized systems.

The technologies that underpin fundamental digital identity systems around the world are reviewed by Privacy International, including Aadhaar and the Estonian open source system, starting with MOSIP. PI reviews the technology stack of MOSIP, but also the issues that arise during implementation, including the exclusion of Morocco’s second official language, Tamazight, from the country’s identity cards in its draft law.

How Apple Wallet will generate revenue has become much clearer, with contracts between the tech giant and states revealing that taxpayers will foot the bill for most of the ecosystem, including customer support and promotion. the adoption of digital identity documents such as mobile driver’s licenses. The contracts also curiously make states responsible for authenticating with the native biometrics of Apple devices.

The metaverse is very exciting for many who aren’t quite sure what it is, and a panel discussion from Liminal highlighted both the stupidity and the timeliness in the acclaimed digital future environment. Digital identity providers will primarily play a role similar to what they play for the internet today, the panelists say, although Liquid Avatar’s plans somehow seem weirder and more concrete all the time. The concept also raises privacy concerns.

Consumer data privacy continues to be a controversial topic, with Grindr accused of requiring stronger authentication, presumably via biometrics, for data collection transparency requests, than is necessary to use the app. . An advocacy group claims the politics are absurd, although it could be plausibly argued that the absurdity lies in the law, the concept of online anonymity, or anywhere in between. Jumio, meanwhile, was the victim of another BIPA lawsuit alleging violations of transparency rules.

OnlyFans’ attempts to prevent minor pornography from its platform with facial biometrics have also been the subject of a lawsuit under the Illinois Biometric Privacy Act, as has the use of the voice biometrics by a McDonald’s franchisee in their drive-thru.

US lawmakers have drafted dozens of privacy bills in dozens of states in recent years, according to a special Reuters report, only for Amazon to lobby to overturn them or undermine them. Whether it’s pouring money into Virginia to encourage lawmakers to pass a privacy bill he wrote, or getting exemptions for voice recordings to protect people. Alexa-powered devices elsewhere, the article strongly suggests that a business easily exerts undue influence.

A dispute between Idemia Identity & Security and former employee Charles Carrol, now CEO of IBT, has raised troubling allegations about levels of personal and national security. The latest twist is in court documents suggesting that Idemia has outsourced key development work to companies operating in Eastern Europe and South Asia in violation of agreements with U.S. regulations. Idemia tells Biometric update the allegations are unfounded.

Armenia has started planning the issuance of biometric passports, Zimbabwe has approved the design of its new passports, and Nepal has reached the issuance stage. Georgia receives donation of passport scanners from IOM with EU support, Nigeria and Belarus have updated their issuance numbers, and even Afghanistan is expanding its system.

Smart city camera deployments with biometric technology from Oosto in Tel Aviv and Vsblty in Mexico are being hailed for their public safety benefits. Smart city technology is expected to generate revenues nearly double their current total in five years; $ 873.7 billion.

GBG’s $ 763 million acquisition of Acuant creates a global leader in digital identity, with data, documents, biometrics and analytics services throughout the identity lifecycle. Acuant’s positioning in the United States is highlighted by GBG and its subsidiary IDology in the announcement, and the combined entities have annual sales of more than $ 350 million.

Keyless was acquired by Sift for an undisclosed amount in order to integrate passwordless biometric authentication into payment fraud prevention systems, but on the basis of a $ 9.2 million first round of funding. dollars earlier this year, the question may be whether it was eight or nine digits.

Stytch continued the passwordless overnight investment streak with $ 90 million Series B. The company has reached a billion dollar valuation even as it continues to roll out products, including its pending device biometrics product.

It is possible to mitigate the crush of online fraud while satisfying increasingly discerning consumers by embracing the complexity made possible by layered technologies and AMF, writes Veratad Technologies CEO John E. Ahrens in a Biometric update Guest post. Ahrens provides advice on how to select a verification solution and encourages flexibility.

Please let us know of any content we should share with the biometric and wider digital ID community in the comments below or through social media.

Articles topics

authentication | biometrics | data protection | digital identification | digital identity | facial recognition | fraud prevention | financing | identity verification | investment | confidentiality | Smart cities

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