SPECIAL | Digital ID: How do we stay safe online?
The Excerpt
USA TODAY
4.1 • 1.2K Ratings
🗓️ 20 September 2023
⏱️ 14 minutes
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Summary
The ability to maintain a secure digital identity has been a shared, but elusive goal of the online financial and e-commerce industry for decades now. In a world where cyber attacks have grown exponentially more sophisticated with hostile nation states and organized crime accelerating their programs targeting Americans, how do we stay safe? Jeremy Grant who leads the Better Identity Coalition joins the 5 Things podcast to discuss new developments in the world of digital identity.
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Transcript
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| 0:00.0 | Hello, and welcome to Five Things. I'm Dana Taylor. Today is Wednesday, September 20th, 2023, |
| 0:06.5 | and this is a special episode of Five Things. The ability to maintain a secure digital identity |
| 0:13.9 | has been shared but elusive goal of the online financial and e-commerce industry for decades now, |
| 0:20.4 | thinking WorldCoin, a company announced in July that combines AI with crypto that said it would |
| 0:26.6 | revolutionize the field of digital security. The key, WorldCoin would scan and store every user's |
| 0:33.6 | iris, a biomarker unique to each person, but privacy experts said not so fast. There are risks |
| 0:41.0 | involved in sharing biomarkers with any commercial entity, so in a world where cyber attacks have |
| 0:46.7 | grown exponentially more sophisticated, how do we stay safe? Here to expand on the topic with |
| 0:53.2 | me is Jeremy Grant who leads the Better Identity Coalition and is an expert in digital identity. |
| 1:00.3 | Jeremy, thanks so much for joining me. Thanks for having me. So WorldCoin CEO Sam Ultman's |
| 1:06.4 | also the CEO of chat GPT and announced the creation of WorldCoin back in July. The news made a huge |
| 1:13.9 | splash primarily because he claimed that the iris scam, one of a person's unique biomarkers, |
| 1:19.9 | could be maintained to ensure that you are who you say you are online. Is that true? |
| 1:25.7 | Well, that's a complicated question and that I think when it comes to any biometric, |
| 1:29.6 | a lot comes down to the implementation details. One of the challenges we've had over the years, |
| 1:34.4 | particularly when it comes to what my understanding of what WorldCoin is looking to do, |
| 1:38.4 | which is a central database of biometric information, is it creates a ton of risks from a security |
| 1:43.2 | and privacy perspective. In that, if there's one thing we have learned over the last few years, |
| 1:47.6 | it's that we're not actually really good at securing sensitive data. Government's not really good |
| 1:52.3 | at it. Industry is not really good at it. This is why we keep hearing about big breaches every week |
| 1:55.8 | where a lot of our data is lost. And so the idea that suddenly, say, my iris data, which is the |
| 2:01.5 | technology for biometrics, the WorldCoin is using, if that data was compromised, or even if it was |
... |
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