Balancing Authentication & Privacy
Combined Session
Thursday, June 06, 2024 12:00—13:00
Location: A 03-04
Thursday, June 06, 2024 12:00—13:00
Location: A 03-04
Digital Wallets put the holder in control of their digital assets (e.g., identity information, financial instruments, other tokenized assets) and can provide a means to verify holder identity claims. Unless they are implemented carefully, they can open new vulnerabilities, or "back-doors" for undesirable surveillance, profiling, fraud, and the active correlation of users.
Members of the Open Wallet Foundation (OWF) created a guide and an accompanying scoring template to provide a way for analysts to create simple and easy-to-understand comparisons of the safety features of different digital wallets that can be appreciated by non-experts.
Juliana and Dan will present the key elements of the OWF Safe Wallet Guide in this session.
EUDI wallets will allow the storage and transfer to relying parties of Person Identification Data (PID) but also of electronically attested attributes (eAAs) that can play a critical role in securing digital interactions, both online and offline, especially when issued as qualified trust services (QEAAs).
The presentation will consider the potential of atomic [Q]eAAs within the context of payment transactions and discuss in particular the role they could play for the purpose of combining identity, status and payment attributes into seamless and secure EUDI wallet communications. Using standard PKI protocols, [Q]eAAs can greatly enhance the security of payment messages, combat payment fraud and support AML requirements but also comply with data minimisation requirements.
Beyond EUDI wallets, it should be of interest to anyone interested in digital wallets, electronic signature processes as well as digital finance use cases, including the digital euro and other CBDCs.
The current approach for wallet and decentralized identities is not eIDAS 2.0 high compliant.
In this talk we explore, what the current approaches are, what goes wrong and what we can do about it.
After this session you will be a eIDAS 2.0 wallet expert.
