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Growth of digital ID requires UK regulators to balance safeguards and innovation, coordinating body says

By Frank Hersey ( July 26, 2024, 08:51 GMT | Insight) -- The uptake of digital identity systems will potentially deliver a series of benefits, but the emerging sector has risks that need to be managed in a joined-up way, a coordinating body for the UK's key digital watchdogs has found in a "horizon-scanning" project. The four regulators involved — for financial services, competition, data protection and online safety — must stay up to date with the private digital ID industry and encourage innovation while protecting data rights.The uptake of digital identity systems will potentially deliver a series of benefits, but the emerging sector has risks that need to be managed in a joined-up way, a coordinating body for the UK's key digital watchdogs has found in a "horizon-scanning" project....

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