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How Cybercriminals Target Africa’s 500 Million Mobile Subscribers
Cybercrime rings are making bank from the pilfered call credits of unsuspecting mobile phone users in Africa.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- digital identity
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The Leapfrog Opportunity in ‘Know Your Customer’ Innovation: Why Africa Needs Local, Digitized KYC Solutions
Know Your Customer (KYC) is a critical process for banks, as it enables them to validate their customers’ identities to fulfill regulatory requirements and protect against fraud. But as Timbo Drayson at OkHi explains, KYC is a big and expensive problem in Africa: For instance, in Nigeria some banks are spending up to $1 million per year to manually verify identities, and 15-30% of customers never complete these processes. He explores three key challenges to KYC in Africa, and presents some tech-driven solutions that could allow the continent to leapfrog to a new global best practice for KYC.
- Categories
- Finance, Technology
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Analysis: On the Road to Digital-ID Success in Africa: Leveraging Global Trends
Mobile technology is a key catalyst and potential gamechanger for driving and advancing digital-ID ecosystems in Africa.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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India’s Farmers Exposed by New Aadhaar Data Leak
A security researcher said an Indian government website was exposing the Aadhaar numbers of India’s farmers, potentially amounting to millions of people.
- Categories
- Agriculture, Technology
- Region
- Asia Pacific
- Tags
- digital identity
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Vida Raises Over $47 Million to Address Digital ID in Southeast Asia, Investment Market Still Hot
Vida, an Indonesian digital identity startup, raised $47.67 million in a funding round to help it meet the rising demand for services in Southeast Asia.
- Categories
- Technology
- Tags
- digital identity, startups
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Analysis: Digital Privacy Comes at a Price. Here’s How To Protect It
We need a more coordinated approach across the public and private sector to tackle cyber security and enhance data protection around the world.
- Categories
- Technology
- Region
- Global
- Tags
- digital identity
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Growing Use of Cryptocurrency in Afghanistan Poses Security Concerns
If the Taliban were to adopt cryptocurrency as part of a national economic policy, it could aid efforts to circumvent sanctions. But these digital payments also poses concerns for Western security officials.
- Categories
- Technology
- Region
- North Africa & Near East
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Analysis: The Taliban Are Showing Us the Dangers of Personal Data Falling Into the Wrong Hands
Digital ID systems are a powerful development tool, providing a legal identity to millions, but their misuse can be deadly
- Categories
- Technology
- Region
- North Africa & Near East
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