2018 saw the implementation of the General Data Protection Regulation (GDPR) across the European Union and European Economic Area and subsequently in the UK, a new version of the Data Protection Act (DPA) was enacted. Despite this new wave of regulation, lack of security in new technology may call for yet more standards in the future.
Technology providers, financial institutions and governments are all being closely scrutinised following a year of substantial data breaches and compromises of trust. Most notably the Cambridge Analytica and Facebook scandal, has resulted in the marketplaces in the US and UK looking to learn about best practices and innovation from other countries.
This report on The Future of Personal Identity analyses the advantages and disadvantages of private, public and federated identification systems and whether industry leaders believe that banks are in the best position to provide trusted authentication services.
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