When I first became involved in the identity space, which was about 10 years now, the definition of ‘digital identity’ was being hotly debated. This debate raged on over the years, but out of it, a stoic pragmatism has emerged. Digital identity is many things, but what it has in common across all definitions, is data. You are what your attributes say you are…well if you have had them verified to a decent degree of probability that is.
Identity data is a valuable commodity. In terms of attractive assets, it has cybercriminals chomping at the bit to get at it. According to a study by the Identity Theft Center, data breaches increased by 40% in 2016 over the 2015 figures. Identity data is also, of course, highly valuable to the individual behind the data, and service that individual wants to access. We need to make the identity data work for the individual, not the cybercriminal. But to do this, we need to start to break the silo barriers down.