What a honeypot for the cybercriminals.
From PYMNTS.com, June 1:
The European Union (EU) is advancing plans to launch a post-pandemic bloc-wide digital wallet that will give people a seamless way to digitally access public and private services, Financial Times reported on Tuesday (June 1).
EU member states have been asking for a secure online method citizens could use to easily tap services. Detailed plans will be introduced on Wednesday (June 2).
The digital wallet is intended to be “simple, secure and it will protect people online,” a source told FT. “People will also have the power to decide how much information they give out while Google and others don’t let you decide what you’re giving away.”
Citizens of the 27 EU countries would be able to use the digital wallet to store passwords and log in to government services. The wallet also could be used to pay everyday bills, the sources told FT, but would not be mandatory.
The app would be accessed using a person’s fingerprints, retina, or another secure way, and would be a personal vault for the storage of personal documents such as a driver’s license. EU officials are planning a structural separation that would stop corporations from being able to gain access to anyone’s data and use it for marketing purposes.
“The new digital ID will give all Europeans the keys to their digital twin,” Thierry Breton, EU commissioner in charge of digital policy, said in a speech earlier this year, per FT....MORE
We have "BeatCoin: Leaking Private Keys from Air-Gapped Cryptocurrency Wallets".
Don't worry, I'm not giving anything away, this paper is three years old and the crooks have moved ahead of the curve, again. The point is that centralizing so much information makes for a mouth-watering target and will inspire immense creativity.
