Industry News

It is almost one year since the US government initiative National Strategies on Trusted Identities in Cyberspace (NSTIC) was established to drive secure, user-focused online identity solutions which can also enable effective commercial and public sector operations.

In a recent video interview by Gov Info Security, Whitehouse Cybersecurity Coordinator for NSTIC Howard Schmidt explains how the strategy is developing an ecosystem for trusted identities online.

We’re seeing Digital Identity heating up compared to twelve months ago and with Deloitte listing it as their Number #2 tech trend prediction for 2012 we wanted to hear what the experts in Financial Services technology innovation thought about the subject.

We had a fantastic day at FinovateEurope in London discovering some exciting new technologies and meeting lots of great people driven by innovation to push the boundaries of finance, banking, trading and investments.

A Fraud Report recently published by the UK’s Fraud Prevention Service CIFAS revealed the overall level of fraud increased by 9% last year with almost half of all cases due to identity fraud.

An extract from the 2011 Fraud Trends report reads:

“The continued blight of identity fraud accounts for over 113,000 fraud cases (a 10% increase from 2010 levels and representing 48% of all frauds).

miiCard recently announced our strategic partnership with Callcredit, one of the UK’s leading Credit Reference Agencies. We wanted to take a few minutes and share with you why this is so important not only for our users, but for those businesses adopting miiCard.

Happy New Year to you all!

2012 is off to a great start at miiCard with Digital Identity predicted as a top tech trend for the year, and today's announcement of our strategic partnership with Callcredit, experts in consumer data management.

The partnership with Callcredit will enable the UK's first true consumer focused identity verification service, combining robust credit bureau verification checks and strong impersonation protection that will change the way financial products are sold online.

Another week and another case of Internet fraud is reported with £600,000 of wine being obtained through identity theft in the UK over the past six months according to a police warning.

We’ve seen some exciting developments from the US this past week on the need for online authentication systems to identify Internet users to the same level a driver’s licence or passport works offline.