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Car and van scams surged 74 per cent in the first half of 2023 with victims losing £998 on average in vehicle-related scams, according to new research from Lloyds Bank.

The Ford Fiesta was the most commonly targeted vehicle scam via fake adverts online.

From: Car scams surge 74% in the first six months thanks to fake ads – here’s the motors most likely to be targeted | This is Money.

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The most common way a money mule is contacted is on Instagram, according to Lloyds Bank.

Fraudsters then move the conversation to messaging app WhatsApp — also owned by tech giant Meta.

From: Are your children at risk of being lured into a money mule scam? How criminals are targeting pupils as young as nine to launder cash in alarming numbers | This is Money.

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Currently, to run a resale programme, retailers have to start by retrieving their products from consumers — if they can. Consumers currently have an abundance of places to place inventory, ranging from The RealReal to StockX to Depop. “Digital IDs reduce all the inefficiencies and move products back into brand preferred and profitable resale channels,” Franck explains.

Archive’s Gittins expects digital IDs to become the new norm as brands take ownership of their own resale. “It improves the consumer experience,” she says. “And, we’re seeing more brands want to adopt over time.”

From: Can digital IDs turbocharge resale for brands? Pangaia thinks so | Vogue Business.

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Nine in ten young people are confident they would be able to recognise a suspicious message and identify a fraudulent recruitment, according to the study.

But an undercover investigation revealed that a worrying 66% of university students approached via social media to ‘earn up to £1,000 a day’ responded by sharing their details and engaging with the sender, according to We Fight Fraud’s research.

From: Are your children at risk of being lured into a money mule scam? How criminals are targeting pupils as young as nine to launder cash in alarming numbers | This is Money.

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Compared to older generations, younger generations have reported higher rates of victimization in phishing, identity theft, romance scams, and cyberbullying. The Deloitte survey shows that Gen Z Americans were three times more likely to get caught up in an online scam than boomers were (16 percent and 5 percent, respectively).

From: Gen Z vs. boomers: young adults are victims of online scams more often – Vox.

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The technology makes resale both easy and efficient, says Eon founder Natasha Franck. “With the digital ID, every product is pre-programmed for resale.”

Franck says this new product identification concept is another stage in the development of the so-called internet of things (IoT), in which everyday products become increasingly connected to the web.“It will change how we sell and buy, and how customers interact with their physical products,” she says. “Just as customers go on the internet and buy in one click, now they tap their product and sell it in one click.”

From: Can digital IDs turbocharge resale for brands? Pangaia thinks so | Vogue Business.

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A third of the businesses we surveyed indicated that payments using biometric identification and authentication will be the top commerce and payment trend of 2023. Nearly a fifth (19.8%) reported they will invest in enabling biometric identification and payment authentication in the year ahead.

From Top 5 2023 Payment & Commerce Trends | Global Payments (UK).

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The bill as it’s currently drafted is structured to see the phased expansion of Digital ID, nationally and then economy wide.

This will be done in four phases:

Firstly, to legislate for Digital ID, establish the rules, the regulator and protections and continue expanding use across government and also the accreditation of public and private providers. We are calling this Phase One.

Phase Two is to allow state and territory Digital IDs to be used to access a Commonwealth services.

The third phase will be to allow myGovID to be used in the private sector; for example, myGovID could be used to open a new bank account with an Australian bank, or verify you when signing a telco contract or real estate lease.

Fourth will be to allow accredited private sector Digital IDs to verify you when accessing some government services. This will be the fourth and final phase.

From Digital ID and AI insights: How the Albanese Government is leading the digital evolution | Ministers Media Centre.

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The GAIA-X moveID project is led by Bosch and aims to combine decentralized communications and data technologies and Self-Sovereign Identities (SSIs) with integrated payment capabilities for automotive applications.

 

The project is part of the Gaia-X 4 Future Mobility programme and will demonstrate an app for peer-to-peer parking and charging as a first glimpse of its vision of a decentralized mobility service ecosystem. This can also be extended to smart grid and even smart city applications.

 

The demonstration involving Tesla and Jaguar electric vehicles (EVs) to show how autonomous transactions between connected devices cut costs and add new revenue streams while still protecting the privacy of users.

 

GAIA-X project to develop open source blockchain for 

Europe’s Gaia-X takes on Amazon and Microsoft clouds

HPE backs Gaia-X for the European cloud

As the lead for the €28m project, Bosch is providing an electric Jaguar powered by a full suite of specialized hardware enabling V2X communications and providing the foundation for automotive grade self-sovereign identity.

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Trusted identification of parties is a key challenge to tackle on the journey to unlock the full business potential of connected vehicles, particularly for Vehicle-to-Everything (V2X) communication. The digital mobility infrastructure built by moveID project partners uses the blockchain based SSIs as a vendor-neutral digital backbone for autonomous transactions between vehicles and connected infrastructure.

The live demo will allow finding, reserving, and using a parking lot and an EV charging point that are being offered in a peer-to-peer fashion, for example by companies allowing access to their parking lots. The open source decentralization tools enable full privacy as the vehicles use their own digital wallets to cover the parking and charging fees.

Datarella will provide its public MOBIX app as the joint user interface and ‘remote control’ for all moveID privacy-preserving functionality. It will leverage Fetch.ai’s AI agents to enable smart interoperability of all underlying technologies.

From Bosch, Denso show GAIA-X project with Tesla, Jaguar demo ….

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To illustrate this risk, the example of digital wallets can be enlightening. As their name suggests, digital wallets aim to perform the same function as their offline counterparts. They are meant to be used for storing and protecting credentials. Their function is therefore, on the one hand, to store the identifiers, to protect them against theft or prying eyes, and, on the other hand, to make them available thanks to a portable digital device, according to the needs of the holder of the this last. These wallets, which are appearing in the texts framing the implementation of digital identity, are supposed to promote the central role of their user within data transfer architectures. However, neither the documentation published by the European institutions nor the forthcoming regulations specify how the responsibilities of each actor (European Commission, member states, private actors providing the technology used, citizens) will be articulated. Without the necessary standards to regulate the provision of such digital services, users/citizens risk being left with few means of redress.

From Digital Identity Infrastructures: a Critical Approach of Self-Sovereign Identity | Digital Society.

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