Digital Identity Friday Five: January 26, 2024

Covering the most interesting news for the week of January 20 to January 26

Today is Friday, January 26. Here are five things in #digitalidentity that I found interesting this week

1/ Mitek Systems Named to DIACC

"DIACC’s mission and principles mirror Mitek’s commitment to the development of a robust, secure, scalable, inclusive and privacy-enhancing digital ecosystem," said Mitek SVP Christopher Briggs

2/ Liminal publishes Market Guide on #AML Transaction Monitoring

They project the anti-money laundering transaction monitoring total addressable market to expand from $3.6 billion in 2024 to $6.8 billion by 2028 at a 17.5% compound annual growth rate

3/ Aware, Inc. Appoints AJ Naddell as Chief Product Officer

The global hashtag#biometrics provider announced its new product leadership as part of continued business transformation

Aware is a publicly held company (NASDAQ: AWRE) based in Burlington, MA

4/ UK Parliament: Considering digital identity tools for age verification in remote alcohol sales

Currently, UK law requires a person to make the decision on whether an individual is old enough to purchase alcohol

They’re launching an 8-week consultation to decide whether to amend the law to allow digital identity technology to conduct age-verification

5/ TechCrunch: loanDepot says 16.6M customers had 'sensitive personal' information stolen in cyberattack

TechCrunch covered the #databreach and referenced loanDepot's SEC filing that included the following statement:

"Although its investigation is ongoing, the Company has determined that an unauthorized third party gained access to sensitive personal information of approximately 16.6 million individuals in its systems. The Company will notify these individuals and offer credit monitoring and identity protection services at no cost to them."

And those are this week’s #fridayfive

*** LINKS

MITEK: https://www.businesswire.com/news/home/20240123056000/en/Mitek-Named-to-Digital-ID-Authentication-Council-of-Canada

LIMINAL GUIDE: https://liminal.co/reports/anti-money-laundering-market-buyers-guide/

AWARE: https://www.citybiz.co/article/511588/aware-appoints-aj-naddell-as-chief-product-officer/

UK AGE VERIFICATION: https://questions-statements.parliament.uk/written-statements/detail/2024-01-24/hcws205

LOANDEPOT: https://techcrunch.com/2024/01/22/loandepot-millions-sensitive-personal-data-ransomware/

LOANDEPOT FILING: https://www.sec.gov/Archives/edgar/data/1831631/000183163124000011/pressrelease.htm