Tag: eKYC
-
Experts warn: Surveillance and data breach risks in social media eKYC plans
Growing push for social media eKYC Across several countries, policymakers are exploring electronic know-your-customer (eKYC) processes that leverage social media platforms to verify identities. Proponents argue that comparing government records with a user’s online presence can speed up account opening, reduce fraud, and expand financial inclusion. However, cybersecurity researchers and privacy advocates caution that this…
-
Experts Warn: Social Media eKYC Plan Risks Surveillance and Data Breaches
Introduction: The push for social media-based eKYC As governments and private firms explore electronic know-your-customer (eKYC) processes, some proposals consider leveraging social media data to verify identities. While this approach could streamline onboarding and enhance fraud prevention, cybersecurity experts warn that it also creates a pathway for surveillance and data breaches. The debate highlights a…
-
Experts Warn of Surveillance Risks as Social Media Platforms Handle eKYC ID Data
Introduction: A Growing Intersection of Identity and Social Platforms As governments explore electronic know-your-customer (eKYC) processes to streamline identity verification, some proposals involve allowing social media platforms to handle ID data. While leveraging familiar online ecosystems could speed up onboarding and reduce friction, cybersecurity experts warn that this approach may heighten risks of surveillance, data…