Here’s how Ydentity overcomes Identity Theft

in #ico6 years ago

In 2017, there were 16.7 million victims of Identity fraud according to Javelin’s 2018 Identity Fraud Report. In today’s digital age, criminals are engaging in sophisticated fraud schemes that are leaving more and more internet users prone to identity theft. Not just identity theft but also  the amount stolen hit $16.8 billion last year as 30 percent of U.S. consumers were notified of a data breach which is an increase of 12% from 2016. More Social Security numbers were exposed than credit card numbers in the U.S.

To overcome the issues mentioned above, Ydentity came up with a unique offering; to offer a risk-identity token that is a coded version of your survey result. It takes the form of a private key, and this key is unique and becomes a user’s identifier. This token is the amalgamation of psychological testing and government identification.

What makes Ydentity unique?
One of the requirements of the Global Data Protection Regulation (GDPR) is the implementation of appropriate data security measures to protect the users’ personal data, which is any data that directly references a person or data that can be used to identify a person indirectly.

Ydentity contains a very limited number of personal information and data such as the phone number and email address of the user for signing up. This information is only manageable by the user which makes Ydentity compliant to GDPR, Privacy Shield and Australia Privacy Act requirements.

Tracking the Ydentity token becomes impossible as it is only a hash of the user’s private key. Unless the user decides to disclose additional information to third parties, no one can know who the user is. Also, Ydentity keeps the private key offline; it belongs to you and is unique to you. Only a single identifier or hash will run in our permissioned blockchain which uses defense-grade protection called Keyless Signature Infrastructure. This KSI is provided by GuardTime and provides a privacy shield.

With such superior cybersecurity and defense-grade protection, Ydentity provides utmost protection to your identity. Get your Ydentity today! 

For more details Website | Facebook | Twitter | LinkedIn | Telegram

Sort:  

@ydentity, congratulations on making your first post! I gave you an upvote!

Please give me a follow and take a moment to read this post regarding commenting and spam.
(tl;dr - if you spam, you will be flagged!)

Hi, great post, worth a follow. Looking forward to some more of your stuff.

Coin Marketplace

STEEM 0.35
TRX 0.12
JST 0.040
BTC 70753.86
ETH 3589.34
USDT 1.00
SBD 4.75