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The crypto ecosystem is increasingly grappling with headaches that the world of traditional finance tackled decades ago.

From Crypto Might Have an Insider Trading Problem – WSJ:

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Anonymous wallets buy up tokens right before they are listed and sell shortly afterward

From Crypto Might Have an Insider Trading Problem – WSJ:

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A passkey is a FIDO login credential, tied to an origin (website or application) and a physical device. Passkeys allow users to authenticate without having to enter a username, password, or provide any additional authentication factor. This technology aims to replace passwords as the primary authentication mechanism.

 

From FIDO authentication with passkeys  |  Google Identity  |  Google Developers:

 

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A passkey is a digital credential that adheres to the FIDO and W3C Web Authentication (WebAuthn) standards. Similar to a password, websites and applications can request that a user create a passkey to access their account.

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Apple gave its backing to FIDO (Fast IDentity Online) back in 2020, and last year announced that testing was underway. The company calls its own implementation Passkeys in iCloud Keychain, but it is simply FIDO by another name.

From Passkeys in iCloud Keychain could allow fully automatic login – 9to5Mac:

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Authenticators are FIDO-compliant devices which are used to confirm a user’s identity. This includes special purpose devices (FIDO security keys), as well as mobile phones and other computers which meet the authenticator requirements. Authenticators perform the cryptographic operations described in the FIDO and WebAuthn standards.

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With the rate of identity fraud rocketing 44% since 2019 as fraudsters follow consumers online, 57% agree they now fear their identity is available for purchase, while almost half (47%) said that online service providers and platforms do not prioritise anti-fraud measures. As a result, more than half (53%) of consumers distrust brands or online service providers with protecting their identity.

The emotional cost of fraud

In the survey of 1,000 UK and 1,000 US consumers,

From Can I trust you? Online fraud boom leads US & UK consumers to doubt brands’ ability to protect their digital identities | Business Wire:

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Consumers visiting these supermarkets are able to enroll their face and payment information through the Payface app, and once registered, they can simply smile to pay at the checkout without a card or mobile device.

From Mastercard unveils Biometric Checkout Programme:

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Early attempts at authentication in response to the post-industrial revolution urban anonymity.

Discovered in the vaults of the old bank were stored ledgers which go back to the time of the French Revolution and signature books which were in use during the Napoleonic wars. Physical descriptions of each of its customers were written in their “signature book” – and it’s fair to say that some were less than flattering.

One read: “Little pug-faced woman with a squeaky voice.” Another read: “Rather short and remarkably plain. A little like a monkey.”

Other descriptions include: “Rings on her fingers. About 12 hands high”; “Shows the whites of his eyes all round”; “Sallow, and marked with smallpox”; “Old man, red wig, wedding ring on right hand”.

From Insulting descriptions city centre bank kept of its customers – Liverpool Echo:

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The average UK household spends about £900 each year after being influenced by online reviews and spends £60 on “unwanted subscriptions”, the government said.

From Fake reviews to be illegal under new rules – BBC News:

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The goal is to generate a patch that is able successfully hide a person from a person detector. An attack that could for instance be used maliciously to circumvent surveillance systems, intruders can sneak around undetected by holding a small cardboard plate in front of their body aimed towards the surveillance camera.

From [1904.08653] Fooling automated surveillance cameras: adversarial patches to attack person detection:

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Coinbase CEO Brian Armstrong said last month the platform planned to create a system for users to rate and review new digital assets, similar to product reviews on Airbnb or Amazon.

From Luna collapse highlights crypto exchanges’ role as gatekeepers | Financial Times:

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Frances Zelazny of Anonybit put is plainly when she wrote that “the metaverse is  dependent on [web3]”, going on to say that users can expect increased democratisation, inclusion and user control, instead of having big tech and centralized gatekeepers”.