The Top 10  Most Difficult Countries for Identity Verification

The Top 10  Most Difficult Countries for Identity Verification

Download Report

U.S States Open up to the Idea of Digital IDs in Post Pandemic World

US states

The ID cards that were used by millions of people as proof of their identity may soon become a thing of the past as more and more states are moving towards developing digital IDs. Technological advancement has made people rely on their phones more often for identity verification due to digital wallets and boarding passes. Now, at least five U.S states have already implemented the digital driver’s license. Three other states are planning to launch a mobile driving’s license by next year. 

The use of mobile IDs will allow people more privacy and they will get to decide which information they would like to share. Digital IDs also allow an option for privacy control through which people can get their age verified while buying age-restricted products and choose not to reveal any other personal information like their address. 

Moreover, the digital driving licence allows people to keep an updated licence without having to go to the Department of Motor Vehicles or having to wait for the new card’s delivery. Most of the states with such a program still recommends the users keep their physical IDs as a backup. However, the COVID-19 pandemic has accelerated the adoption of contactless identification methods. 

“Most people want some kind of a hard token for their identity, but I don’t know how long that will last,” said Pam Dixon, executive director of the World Privacy Forum. “I would imagine that at some point, maybe in a generation, maybe less, that people will accept a fully digital system.”

Most of the states have adopted the method of storing the data on individuals’ phones with DMV. People will only be able to access the data by verifying their identity through a passcode, fingerprint or even facial recognition. Industry experts believe that these security measures will prevent the stealing of anyone’s information. However, some experts also argue that having so much data stored on the phone is not safe as well, given the rise in cybercrime. 

“When you have a physical thing in your hand, no one can hack that unless you lose it,” said Shelia Dunn Joneleit, a spokesperson for the National Motorists Association. “The new systems aren’t accessible to all Americans because not everyone can afford a smartphone. She said that could eventually produce equity issues because some states require residents to show their driver’s license to vote.”

Related Posts

News

Surge in Identity Theft Frauds During Covid-19

According to new data from the Federal Trade Commission (FTC), identity theft has risen to the nu...

Surge in Identity Theft Frauds During Covid-19 Explore More

News

SEC Orders Finance, Lending Companies to Submit AML Plans by 21 June

Philippine’s SEC has ordered all financing and lending companies to submit their plans for the im...

SEC Orders Finance, Lending Companies to Submit AML Plans by 21 June Explore More

News

UK Finance Sector and Police Stopped £32m Fraud in First Half of 2021

The ‘Banking Protocol’ introduced in 2016 has now helped prevent financial fraud worth £174...

UK Finance Sector and Police Stopped £32m Fraud in First Half of 2021 Explore More

News

The Biggest Theft in Crypto History: $600 Million Stolen

Binance and Tether have also joined the recovery plan to help minimize the consequences of the at...

The Biggest Theft in Crypto History: $600 Million Stolen Explore More

News

Brazil’s financial regulator launches regulatory blockchain

The Banco Central do Brasil (BC) recently declared the launching of a new blockchain platform cal...

Brazil’s financial regulator launches regulatory blockchain Explore More

News

Singapore replaces passwords and ID documents with facial recognition systems

As reported by Strait Times, Singapore plans to replace passwords and identity documents with bio...

Singapore replaces passwords and ID documents with facial recognition systems Explore More

News

US Government Announces Reward for Identifying Sanctioned Russian Assets

The US government has announced financial rewards of up to $5 million for information leading to ...

US Government Announces Reward for Identifying Sanctioned Russian Assets Explore More

News

MFSA Tightens Financial Regulations for Lawyers, Auditors, and Accountants

Professionals in Malta, lawyers, accountants, and auditors, etc. are resisting the new rules that...

MFSA Tightens Financial Regulations for Lawyers, Auditors, and Accountants Explore More

News

Ransomware gang failed to deploy an attack against 30 US firms

A ransomware attack was blocked by a group by the Cybersecurity firm Symantec known for demanding...

Ransomware gang failed to deploy an attack against 30 US firms Explore More

News

ICAIE Issues Report on Trade-Based Money Laundering in Free Trade Zones, Ports, & Safe Havens

The ICAIE released a new report called “The Dark Side of Illicit Economies and TBML: Free T...

ICAIE Issues Report on Trade-Based Money Laundering in Free Trade Zones, Ports, & Safe Havens Explore More

News

US Attorney’s Office Charges New York’s Oldest Mafia Clans for Money Laundering Scheme

The US Attorney’s office has accused the two of New York’s oldest mafia clans for laundering mone...

US Attorney’s Office Charges New York’s Oldest Mafia Clans for Money Laundering Scheme Explore More

News

Australian Government Announces Development of Gambling Regulations Commission

Australian spokespersons for Gambling and Harm Reduction forced the New South Wales (NSW) governm...

Australian Government Announces Development of Gambling Regulations Commission Explore More

News

The UK plans to levy on banks to prevent money laundering

According to Reuters, Britain plans to announce a new levy on banks and other financial instituti...

The UK plans to levy on banks to prevent money laundering Explore More

News

Danske Bank Charged with $413m for Defrauding Investors about AML Shortcomings

The Securities and Exchange Commission has charged Danske Bank $413 million for misleading its cu...

Danske Bank Charged with $413m for Defrauding Investors about AML Shortcomings Explore More

News

Swiss Govt. to Amend Banking Act for Press Freedom in Finance Sector

The Swiss Government has signaled to amend the banking act for press freedom in the finance secto...

Swiss Govt. to Amend Banking Act for Press Freedom in Finance Sector Explore More

News

UAE Making ‘Strong Progress’ in Efforts to Prevent Financial Crimes

The Minister of Foreign Affairs said that the UAE is making “strong progress” to prevent illicit ...

UAE Making ‘Strong Progress’ in Efforts to Prevent Financial Crimes Explore More

News

Taiwan FSC Fines Taishin Int’l Bank For Inadequate Internal Controls

Taishin Commercial Bank of Taiwan penalised for defrauding NT $347 million from customers and fai...

Taiwan FSC Fines Taishin Int’l Bank For Inadequate Internal Controls Explore More

News

Turkish Regulatory Authorities Launch Investigation on Social Media Influencers for Money Laundering

Turkey’s Minister of Social and Labour Security Department stated they are conducting an in-depth...

Turkish Regulatory Authorities Launch Investigation on Social Media Influencers for Money Laundering Explore More

News

FBI and the U.S. Marshals Service Warn of Prevailing Telephone Scams

FBI and the U.S. Marshals Service have warned of prevailing telephone fraud in which callers act ...

FBI and the U.S. Marshals Service Warn of Prevailing Telephone Scams Explore More

News

Roll-out of vital banking fraud check postponed again due to Coronavirus

A crucial banking security check that could avert the loss of millions of pounds to internet frau...

Roll-out of vital banking fraud check postponed again due to Coronavirus Explore More

News

UAE to Demonstrate Effective Financial Crime Prevention to be Removed From FATF Gray List

The economic secretary of the UK recently stated (April 25th, 2023) that the United Arab Emirates...

UAE to Demonstrate Effective Financial Crime Prevention to be Removed From FATF Gray List Explore More

News

A Brussel Led Crackdown to be Held in Britain if EU Demands are not Met

MEPs have ordered Brussels to black-list the city of London if it does not comply with the EU’s D...

A Brussel Led Crackdown to be Held in Britain if EU Demands are not Met Explore More

News

Jamaica Passes a New Bill to Counter Money Laundering

The Senate has approved the Company (Amendment) Act 2023, which will enable Jamaica to meet inter...

Jamaica Passes a New Bill to Counter Money Laundering Explore More

News

Manitoba Expands Criminal Property Forfeiture Branch to Counter Money Laundering

The Manitoba government is expanding the Criminal Property Forfeiture (CPF) branch as part of its...

Manitoba Expands Criminal Property Forfeiture Branch to Counter Money Laundering Explore More

News

Bank of England fines Citigroup £44m Over Poor Financial Information

The Bank of England has fined the UK branch of the US bank, Citigroup, a record £44m because the ...

Bank of England fines Citigroup £44m Over Poor Financial Information Explore More

News

United Kingdom watchdog puts pressure on Deutsche bank

According to the Financial Times, the United Kingdom financial regulator has censured the Deutsch...

United Kingdom watchdog puts pressure on Deutsche bank Explore More

News

One Million Student Records Compromised by E-Learning Sites

About one million online student records that contain personal information of students have been ...

One Million Student Records Compromised by E-Learning Sites Explore More

News

Data Breach Exposes 515,000 IDs, More Cases of Synthetic ID Fraud to be Expected?

Hackers broke into the servers at the International Committee of the Red Cross and accessed perso...

Data Breach Exposes 515,000 IDs, More Cases of Synthetic ID Fraud to be Expected? Explore More

News

AGA Issues Updated AML Compliance Guidelines for the Gaming Industry

American Gaming Association (AGA) launches the third edition of the Best Practices of AML Complia...

AGA Issues Updated AML Compliance Guidelines for the Gaming Industry Explore More

News

FinCEN and Federal Reserve Board Reducing the Bar for International Transactions

The FinCEN and Federal Reserve Board are planning to reduce the threshold for international trans...

FinCEN and Federal Reserve Board Reducing the Bar for International Transactions Explore More

News

FCA Emphasises on Companies to Invest in Compliance Program

The U.K’s financial crime investigation agency is now taking steps that will involve the companie...

FCA Emphasises on Companies to Invest in Compliance Program Explore More

News

Abu Dhabi Regulatory Authority Fines Pyypl $486,000 for Violating Money Laundering Laws

Abu Dhabi Global Market (ADGM) financial regulatory authority fined $486,000 to digital UAE bank ...

Abu Dhabi Regulatory Authority Fines Pyypl $486,000 for Violating Money Laundering Laws Explore More

News

Ransomware attacks increase as more people work from home

According to a study published by the cybersecurity firm, Proofpoint, there has been an increase ...

Ransomware attacks increase as more people work from home Explore More

News

European Banking Authority Publishes Final Guidelines on Remote Customer Onboarding

The European Banking Authority (EBA) has issued its final policies on remote customer onboarding ...

European Banking Authority Publishes Final Guidelines on Remote Customer Onboarding Explore More

News

Defendants plead guilty of allegations in Medicare Fraud in U.S. District Court

Two defendants, Jessica Jones from Colorado, and Elizabeth Putulin from Florida pleaded guilty to...

Defendants plead guilty of allegations in Medicare Fraud in U.S. District Court Explore More

News

South Korean merchants open to accepting digital yuan

According to the South Korean media, the local merchants could accept the upcoming digital yuan a...

South Korean merchants open to accepting digital yuan Explore More

News

Leaked Draft: EU Plans to Ban Privacy Enhancing Crypto Coins

CoinDesk has received a leaked draft of the money laundering bill, disclosing plans of the Europe...

Leaked Draft: EU Plans to Ban Privacy Enhancing Crypto Coins Explore More

News

Japan to Enforce Strict Anti-Money Laundering Laws on Cryptocurrency

A stringent set of anti-money laundering measures will be implemented in Japan starting June 1st,...

Japan to Enforce Strict Anti-Money Laundering Laws on Cryptocurrency Explore More

News

ACRA Cancels Registration of Company for AML/CFT Failures

The Accounting and Corporate Regulatory Authority (ACRA) has revoked the registration of a compan...

ACRA Cancels Registration of Company for AML/CFT Failures Explore More

News

Amendments in Thailand’s Money Laundering Act to Include New Offenses

A proposed amendment in Thailand’s Money Laundering Act was approved by the cabinet to include ad...

Amendments in Thailand’s Money Laundering Act to Include New Offenses Explore More

News

The Rise of FinTech Services can Spur Financial Risk: Says U.S. Bank Regulator

According to the US bank regulator, banks and the fintech alliance for a seamless customer experi...

The Rise of FinTech Services can Spur Financial Risk: Says U.S. Bank Regulator Explore More

News

FIU in Sri Lanka Penalises Financial Firms over AML/CFT Non-Compliance

Sri Lanka’s Financial Intelligence Unit (FIU) has recently penalised two financial institutions i...

FIU in Sri Lanka Penalises Financial Firms over AML/CFT Non-Compliance Explore More

News

London’s Mayor Assures of the Strong Regulations Despite Brexit

Bankers in the UK are looking towards the leniency in regulations and tax cuts due to Brexit. How...

London’s Mayor Assures of the Strong Regulations Despite Brexit Explore More

News

Leaked Draft: EU Plans to Ban Privacy Enhancing Crypto Coins

CoinDesk has received a leaked draft of the money laundering bill, disclosing plans of the Europe...

Leaked Draft: EU Plans to Ban Privacy Enhancing Crypto Coins Explore More

News

Atomic Wallet Hack Results in $35 Million Loss as Investigation Continues

Atomic Wallet users have reported losing millions of dollars worth of cryptocurrency. It was anno...

Atomic Wallet Hack Results in $35 Million Loss as Investigation Continues Explore More

News

US Rated as The Most Secretive Financial Jurisdiction in the World

The US has been ranked the most secretive financial jurisdiction in the world due to deterioratio...

US Rated as The Most Secretive Financial Jurisdiction in the World Explore More

News

U.K. Parliament Introduces New Online Safety Bill to Curb Push Payment Fraud

The UK Parliament introduces a new Online Safety Bill, to mitigate push payment fraud and increas...

U.K. Parliament Introduces New Online Safety Bill  to Curb Push Payment Fraud Explore More

News

Turkey to Face FATF’s Gray List Over Inadequate AML Practices

FATF is set to grey list Turkey over AML shortcomings, a move that is likely to affect the countr...

Turkey to Face FATF’s Gray List Over Inadequate AML Practices Explore More

News

Video KYC: The New Normal in the Insurance Industry

Since everything is moving to digital platforms, the Insurance Regulatory and Development Authori...

Video KYC: The New Normal in the Insurance Industry Explore More

News

New US Legislation Implemented to Enhance Supervision of Cryptocurrency Transactions

US lawmakers introduced a new bill, the “Off-Chain Digital Commodity Transaction Reporting Act,” ...

New US Legislation Implemented to Enhance Supervision of Cryptocurrency Transactions Explore More

News

Cyberhack Discloses Data on Over 600,000 Medicare Beneficiaries

A data breach in May 2023 exposed the personal information of 612,000 Medicare beneficiaries, inc...

Cyberhack Discloses Data on Over 600,000 Medicare Beneficiaries Explore More

News

Google Warns 12,000 Victims of Government Hacks

In just three months, from July to September 2019, Google sent out 12,000 warnings to people who ...

Google Warns 12,000 Victims of Government Hacks Explore More

News

Visa and BlockFi Team Up to Launch Bitcoin Rewards for Credit Card Users

As digital currencies are entering different regions of the world, financial giants are introduci...

Visa and BlockFi Team Up to Launch Bitcoin Rewards for Credit Card Users Explore More

News

Landry’s Inc. warns customers of the potential data breach

Landry’s Inc., a parent company of more than 60 restaurant chains, installed a payment processing...

Landry’s Inc. warns customers of the potential data breach Explore More

News

Two Bank Workers Banned by Central Bank in the Philippines for Wirecard Fraud

Two bank workers, involved in issuing fake documents, have been banned by the Central Bank. The a...

Two Bank Workers Banned by Central Bank in the Philippines for Wirecard Fraud Explore More

News

Identity Theft Pushed to New Records with Buy-Now-Pay-Later Boom in Australia

BNPL (Buy-Now-Pay-Later) policy in Australia has given a rise to identity theft and has doubled t...

Identity Theft Pushed to New Records with Buy-Now-Pay-Later Boom in Australia Explore More

News

US Government Announces Reward for Identifying Sanctioned Russian Assets

The US government has announced financial rewards of up to $5 million for information leading to ...

US Government Announces Reward for Identifying Sanctioned Russian Assets Explore More

News

Danish Financial Regulatory Authority Orders Betfair to Address Money Laundering Violations

A subsidiary of Flutter Entertainment, Betfair International, has been sanctioned by the Danish f...

Danish Financial Regulatory Authority Orders Betfair to Address Money Laundering Violations Explore More

News

CSSF Imposed a €226,000 Fine on Maitland Over AML Compliance Failure

Maitland Luxembourg SA received a penalty of €226,000 over anti-money laundering and customer due...

CSSF Imposed a €226,000 Fine on Maitland Over AML Compliance Failure Explore More

News

FIAU Imposes €60,000 Fine on Audit Firm for AML Failings

€60,000 fine imposed on an audit company, for failing to report money laundering and suspected ta...

FIAU Imposes €60,000 Fine on Audit Firm for AML Failings Explore More

News

China Makes Facial Recognition Mandatory For Smartphone Users

China is making it mandatory for all smartphone users who register new SIM cards to submit to fac...

China Makes Facial Recognition Mandatory For Smartphone Users Explore More

News

Credit Suisse Held Accountable for Money Laundering in Swiss Cocaine Cash Case

Credit Suisse was declared guilty by the Swiss Federal Criminal Court of deficient measures again...

Credit Suisse Held Accountable for Money Laundering in Swiss Cocaine Cash Case Explore More

News

Australian Government Announces Development of Gambling Regulations Commission

Australian spokespersons for Gambling and Harm Reduction forced the New South Wales (NSW) governm...

Australian Government Announces Development of Gambling Regulations Commission Explore More

News

UK Finance Sector and Police Stopped £32m Fraud in First Half of 2021

The ‘Banking Protocol’ introduced in 2016 has now helped prevent financial fraud worth £174...

UK Finance Sector and Police Stopped £32m Fraud in First Half of 2021 Explore More

News

Financial Fraud Alerts in the UK are Most Prevalent in Crypto Firms, Reports FCA

FCA has labeled crypto as the top sector for financial scam warnings in the UK.  As of now, there...

Financial Fraud Alerts in the UK are Most Prevalent in Crypto Firms, Reports FCA Explore More

News

AMLC Demands Rigid Security Measures for Non-Compliant Businesses in the Philippines

The Anti-Money Laundering Council (AMLC) is pushing for more strict due diligence measures on del...

AMLC Demands Rigid Security Measures for Non-Compliant Businesses in the Philippines Explore More

News

FinTech and InsureTech Booms in Israel as $120M Raised for Investments

FinTLV, a fund based in Tel Aviv, has announced that it has collected $120 million worth of funds...

FinTech and InsureTech Booms in Israel as $120M Raised for Investments Explore More

News

Social Media Firms May Face Parallel Regulation – Says Data Protection Authority

Social media platforms approached the I&B ministry citing apprehension that they may face par...

Social Media Firms May Face Parallel Regulation – Says Data Protection Authority Explore More

News

Are Educational Institutes Becoming the Next Target for Money Laundering?

According to an investigation by The Times, higher-educational institutes have been unintentional...

Are Educational Institutes Becoming the Next Target for Money Laundering? Explore More

News

UK Fines Dixons Carphone for Massive Breach

Dixons Carphone is one of the largest electronics and phone retailers in the UK. Recently British...

UK Fines Dixons Carphone for Massive Breach Explore More

News

Germany to Form a new Anti-Money Laundering Agency

Germany is reportedly forming a new AML agency that aims to regulate sanction efforts and money l...

Germany to Form a new Anti-Money Laundering Agency Explore More

News

Danish Gambling Operator Reports Tipwin to the Police for AML Failings

Then danish gambling operator Spillemyndigheden has reported Tipwin to the police for violating t...

Danish Gambling Operator Reports Tipwin to the Police for AML Failings Explore More

Take the next steps to better security.

Contact us

Get in touch with our experts. We'll help you find the perfect solution for your compliance and security needs.

Contact us

Request demo

Get free access to our platform and try our products today.

Get started