Connect with us

Technology

Pandemic Has Spurred Need for Digital ID Systems to Reduce Physical Contact

Published

on

e-banking fraud

Digital ID systems, a prerequisite for developing functional e-governance platforms, have been on the agendas of many emerging economies for quite some time.

However, the COVID-19 pandemic has reemphasized the importance of eIDs in providing social, medical and financial support to households and businesses.

Electronic identification allows citizens and businesses to prove their identity and access the governmental services online. It enables fully digital processes and eliminates the need for expensive and time-consuming manual operations. Such functionality has been crucial during the pandemic, especially for developing countries.

For example, in April Chile pre-enrolled millions of new recipients in social welfare programs, while Thailand, where over 28 million people applied for a new benefit for informal workers affected by the pandemic, filtered out those who had already received assistance from other projects. All of this, including the improved accessibility to medical services, has helped to mitigate the impact of COVID-19 on both the economy and the people.

“The pandemic has put electronic identification at the top of the priority lists of many developing countries,” said Mindaugas Glodas, CEO at NRD Companies, a global IT consortium specializing in e-solutions developing and consulting. “It has become a necessary component of digital transformation initiatives for governments around the world, ensuring transparency, security and efficiency of e-public services they are eager to deliver to citizens. The importance of eIDs will only grow in the coming years.

“However, while economies are steadily moving towards digitization, more than a billion people, half of them in Africa, still lack basic unique IDs—a precondition for citizens to exercise the range of human rights set out in international laws and conventions. In the absence of identification systems, people have difficulties opening bank accounts, voting, obtaining formal employment and accessing education or healthcare, while states themselves struggle with government administration, tax collection, response to emergencies, disasters and epidemics, border management and security,” said Mindaugas Glodas.

One of the developing nations that has recognized the importance of unique and digital ID systems is Samoa, previously one of the least digitized countries in the world. Working together with NRD Companies, the Polynesian country has been determined to bring its people an accessible and highly secure identity management system. When the pandemic first hit, the Samoan government decided to continue with the consultancy project remotely even in unfavorable circumstances—a move that speaks to the urgent need for innovation. The new project is expected to help support the economic recovery and serve as a foundation for a digital government platform.

According to Vaidotas Ramonas, a digital identity, electronic signature and trust services expert, identification is the basis for building inclusive societies, where every individual has access to services provided by the state with no one left behind. Once countries have implemented unique ID frameworks, the next logical step is to introduce digital ID systems. There are multiple paths governments can take to initiate and encourage the use of eID platforms.

“The government can start providing eID services by, for example, digitizing some of the most widely-used, costly or inconvenient-to-use public services—ice-breakers, as I call them,” said Vaidotas Ramonas. “Digitization would make the services cheaper, easier and faster to use, which could possibly attract more people to try them out. Also, the government can simply announce, independently, that some service will be available only through e-government for which the citizens will need to set up eIDs. It is possible that at first there will be some discontentment, but experience shows that people eventually see that eID saves time, money and energy, and later refuse to give it up.”

As emerging nations tackle the COVID-19 pandemic and rebuild their economies, they have a unique opportunity to use the crisis as a springboard and introduce innovative digital solutions. With all of the advantages it brings to the table, building unique ID infrastructure is a good place to start a journey toward national eID platforms.

NRD Companies, with the support from its global partners—such as the World Bank, AfDB, European Commission and others—often organizes govtech-related events seeking to educate policy makers and encourage sustainable change. The next event, an international webinar on national digital identity, is scheduled for September 17th. However, for those unable to attend, the company is more than happy to share a link to watch the event at a later time, thus encouraging any interested peers to reach out.

Is the CEO/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Businessinsider, Nasdaq, Entrepreneur.com, Investorplace, and many more. He has over two decades of experience in global financial markets.

Continue Reading
Comments

Telecommunications

Lagos Residents Frustrated by Rapid Data Drain, Call for NCC Action

Published

on

Telecommunications - Investors King

Lagos residents are expressing increasing frustration over what they describe as the rapid depletion of their data bundles.

Many subscribers are now calling on the Nigerian Communications Commission (NCC) to address their concerns as they suspect changes in billing practices by telecommunication providers.

Numerous subscribers have reported that their data does not last as long as it used to. A Lagos-based teacher, Mrs. Nafidah Zaynab, shared her experience, stating that a N2,000 data bundle, which previously lasted almost a month, now depletes within just a few days.

This sentiment is echoed by many, including Idowu Anabili, a trader who has reduced his data usage due to rising costs.

Abdullahi Yunus, who runs a café, noted a significant increase in his data expenses, spending between N70,000 and N100,000 monthly, up from N30,000. He attributes this spike to faster data consumption.

Telecom operators deny any wrongdoing, attributing the faster data consumption to increased usage by subscribers.

An anonymous official from MTN explained that the variety of activities performed on smartphones has increased, leading to faster data usage.

Airtel Nigeria’s spokesperson, Mr. Femi Adeniran, suggested that background apps and high-definition streaming contribute to the issue.

Despite complaints, operators assert they have not officially increased data prices. They emphasize that automatic app updates and other technical factors may be responsible for the perceived quick depletion.

Experts suggest that the challenging economic climate may be pressuring telecom companies to subtly reduce data value.

The industry has reported a 43% rise in operational costs, although no formal tariff hikes have been announced.

The NCC has clarified that it has not authorized any increase in data tariffs. The commission highlights technical factors like automatic video play and app updates as potential causes for quick data depletion.

In a bid to assist consumers, the NCC has advised turning on data saver modes and managing app updates to conserve data.

To combat the issue, Mobile Network Operators (MNOs) have initiated a campaign to educate consumers on optimizing their data usage.

They recommend practices such as disabling automatic updates and closing unused apps.

Continue Reading

Social Media

Meta Shuts Down 63,000 Nigerian Accounts in Sextortion Crackdown

Published

on

Facebook Meta

In a significant move to combat online crime, Meta Platforms Inc., the parent company of Facebook, Instagram, and WhatsApp, has removed 63,000 accounts in Nigeria linked to sextortion scams.

This sweeping action is part of Meta’s ongoing effort to address the growing threat of digital extortion on its platforms.

Unmasking the Scammers

The crackdown, which took place at the end of May, targeted accounts engaged in blackmail schemes.

These scammers posed as young women to coerce individuals into sharing intimate photos, which were then used to extort money from the victims.

The removal follows a Bloomberg Businessweek exposé highlighting the rise of such crimes, particularly affecting teenagers in the United States.

The Global Impact

The U.S. Federal Bureau of Investigation (FBI) has identified sextortion as one of the fastest-growing crimes targeting minors.

The schemes often lead to severe consequences, including the tragic suicides of more than two dozen teens.

In one high-profile case, the death of 17-year-old Jordan DeMay in Michigan led to the arrest of suspects traced back to Lagos, Nigeria.

The Role of the Yahoo Boys

Many of the dismantled accounts were linked to the “Yahoo Boys,” a notorious group known for orchestrating various online scams.

These individuals have been using social media to recruit and train new scammers, sharing blackmail scripts and fake account guides.

Meta’s Response

Meta’s spokesperson emphasized the company’s commitment to user safety, stating, “Financial sextortion is a horrific crime that can have devastating consequences.”

The company is continually improving its defenses and has reported offenders targeting minors to the National Center for Missing & Exploited Children.

To enhance protection, Meta has implemented stricter messaging settings for teen accounts and safety notices regarding sextortion.

They are also employing technology to blur potentially harmful images shared with minors.

Ongoing Efforts

Meta’s actions highlight the complex and evolving nature of online crime. The company has pledged to remain vigilant, adapting its strategies to counter new threats as they emerge.

“This is an adversarial space where criminals evolve to evade our defenses,” Meta noted.

Looking Forward

As digital platforms continue to grapple with issues of privacy and security, Meta’s recent actions demonstrate a proactive stance in safeguarding users.

By dismantling these networks, the company aims to reduce the prevalence of sextortion and foster a safer online environment for all.

The crackdown serves as a reminder of the need for continued vigilance and collaboration between tech companies and law enforcement to protect individuals from the harmful effects of digital exploitation.

Continue Reading

Fintech

Flutterwave Celebrates Inclusion in CNBC’s Top 250 Global Fintechs

Published

on

Flutterwave has been recognized as one of the Top 250 Fintech companies globally by CNBC and Statista.

Joining the ranks of industry giants like Ali Pay, Klarna, Piggyvest, and Mastercard, this accolade underscores Flutterwave’s impact on the financial technology sector.

This honor follows Flutterwave’s recent inclusion in Fast Company’s Most Innovative Companies list, highlighting the company’s pivotal role in transforming Africa’s payment landscape.

The recognition is a testament to Flutterwave’s dedication to innovation and excellence in providing seamless payment solutions across the continent.

Expressing gratitude, Flutterwave acknowledged its talented team, supportive board, reliable partners, and loyal customers for contributing to this success.

The company continues to drive progress in the fintech industry, reinforcing its commitment to enhancing financial accessibility and inclusion in Africa and beyond.

Flutterwave’s recognition on these prestigious lists marks a proud moment and a significant milestone in its journey, reflecting the company’s growing influence and leadership in the global fintech arena.

Continue Reading
Advertisement




Advertisement
Advertisement
Advertisement

Trending