Massive pandemic relief fraud has Congress eyeing digital IDs

News Summary

  • With digital IDs, the theory is that Americans can better protect sensitive information by relying on a QR code to share only the information needed for a transaction to be verified.
  • But experts say the only way this future will work is if people can trust that the avatars they meet online are who they say they are.
  • McKinsey reports that this will make it easier to provide financial aid more effectively and quickly in the future.
13 with 12 posters participatingWhen the US government began offering financial aid to Americans struggling to cope with a pandemicfueled economic collapse in 2020, the Department of Treasury and [+3989 chars]