Descrizione del progetto
Facilitare i controlli KYC nelle transazioni online
Le frodi online e i reati informatici stanno diventando una preoccupazione crescente con l’aumentare delle attività commerciali e delle transazioni online. Tuttavia, specialmente in una realtà post-pandemica, la transizione di ogni attività economica nel mondo virtuale appare una via a senso unico. Per proteggersi dall’uso di identità violate, le imprese online impiegano processi globali noti come controlli KYC (know-your-customer, conosci i tuoi clienti). Nell’ottica di migliorare gli attuali processi lenti, manuali e costosi nei controlli KYC, il progetto BlockchainKYC, finanziato dall’UE, sta introducendo un servizio di prova dell’identità basato su blockchain e automatizzato al 100 % con autenticazione biometrica dell’utente. Lo strumento innovativo è ideale per i servizi online che hanno bisogno di un ID affidabile per l’iscrizione degli utenti o per convalidare le transazioni ad alto rischio.
Obiettivo
Online identity theft / fraud due to database breaches, phishing or malware is a global issue with huge costs. In the first half of 2017, 1.9 billion records were stolen worldwide – up 164% compared to the last six months of 2016 – costing on average €3.1 million per breach. After these hacks, fraudsters use the stolen data to impersonate their victims online in a few hours.
Online businesses try to shield themselves from the use of stolen or fraudulent IDs by requesting documents to their customers to assert if ‘they are who they say they are’. These global routines are known as ‘Know Your Customer’ (KYC) checks and they aim to ensure that businesses enroll and transact only with legitimate customers. The major downsides of KYC are the slow, manual and costly processes (up to 100€ per check) that delay enrolment for up to 12 days, and the ‘hoarding’ of ID proofs in company’s servers, degrading personal data protection in case of a breach. KYC is compulsory for regulated services (e.g. banks) to mitigate fraud, money laundering and financing of terrorism, but non-regulated services, e.g. AirBnB or Uber, also do KYC checks to avoid fraud costs and reputation loss.
To address the problem of unauthorized uses of a legitimate ID (and fraud attempts with non-legitimate IDs) while protecting the personal data of end-users, Authenteq is developing a blockchain-based, 100% automated, identity proofing service – Authenteq ID – with biometric user authentication, ideal for online services that need a trusted ID for user enrolling or to validate high-risk transactions. With the rise of e-commerce and mobile payments (CAGR of 15.9% in the 2016-2021 period), a substantial growth can be expected on the millions of online KYC checks performed annually. To access the multibillion business opportunity of solving KYC checks online, our objective is to establish solid evidence of the economic benefits of Authenteq ID, and risk-free, seamless operation in representative KYC routines.
Campo scientifico
- natural sciencescomputer and information sciencescomputer securityaccess control
- natural sciencescomputer and information sciencescomputer securitymalicious software
- natural sciencescomputer and information sciencescomputer securitydata protection
- social sciencespolitical sciencespolitical transitionsterrorism
- social scienceseconomics and businessbusiness and managementcommercee-commerce
Parole chiave
Programma(i)
Argomento(i)
Invito a presentare proposte
Vedi altri progetti per questo bandoBando secondario
H2020-SMEInst-2018-2020-2
Meccanismo di finanziamento
SME-2 - SME instrument phase 2Coordinatore
105 Reykjavik
Islanda
L’organizzazione si è definita una PMI (piccola e media impresa) al momento della firma dell’accordo di sovvenzione.