Privacy group claims that the gov.uk app could pave the way for a mandatory ID scheme

Privacy athleticist is a new app that emphasizes the risk of using citizens’ driver’s license, passport, and welfare documents as an “essential ID scheme lunch pad”.

Last week, Peter Kyle, a technology secretary, introduced a GOV.UK app and a GOV.UK wallet plan.

These include proof of rights to work in the UK, welfare rights, veteran ID cards, and DBS certificates. This technology incorporates biological authentication security like face scanning. Similar electronic government apps have been implemented in countries such as Poland, Estonia, and Iceland.

Kyle suggests that while paper documents will still be used, the convenience of the app is “inevitable” as more people find it “convincing.” He is working diligently to make this a reality.

Kyle explains that this app features a digital document wallet similar to those found on Apple and Google smartphones, “completely revolutionizing shopping, banking methods, and travel methods.” Ta.

Mock -up of digital driving license pages stored in Gob.uk ‘Wallet’ on a smartphone. Photo: Faculty of Science/PA

However, the athleticist is now requesting transparency regarding the impacts of new systems on privacy before deployment.

“Kyle may not be in charge of the department for science, innovation, and technology, but the future government may easily utilize optional digital wallets as a fundamental ID scheme launch pad.”

“By including our face recognition data, this vast identity system becomes highly sensitive and tempting for hackers, becoming a honeypot.”

James Baker, Open Rights Group campaign manager, comments:

“Are we heading towards a world that prioritizes convenience? One of the potential concerns is the development of a national identity database where all interactions are monitored.

Kyle unveiled this technology this week with a presentation inspired by Silicon Valley launches. He mentioned that the app will be launched in June, and the wallet will continue to “securely store government-issued digital documents.” The hope is that this app will integrate with various government services, from paying vehicle tax to managing welfare benefits and interacting with NHS.

Authorities are using apps and wallets that are highly secure on modern smartphones, incorporating facial recognition checks similar to those used for digital bank card payments. There is no central database of documents stored in the wallet, requiring hackers to access individual mobile phones.

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A government spokesperson explains: “By using the same technology as securing a digital bank card, even if the mobile phone is stolen, access by the thief is not possible, making the digital driver’s license much more secure than a physical copy.

“It is evident that digital identity is not only advantageous but also opens up new possibilities, such as maintaining call centers and in-person support for those requiring assistance with digital services.”

The credentials stored in the wallet should be more challenging to forge than paper documents. Additionally, consolidating numerous essential documents in one place eliminates the risk of losing or damaging physical copies with digital updates and streamlined paperless applications.

It also enhances privacy in certain scenarios, for example, citizens no longer need to reveal their names and addresses when purchasing age-restricted items like alcohol or fireworks.

If this system is outdated or misused, the government reserves the right to revoke qualifications as needed. However, if this is done unjustly, citizens can still utilize paper copies.

Source: www.theguardian.com

Ex-Facebook Diversity Manager Admits to Defrauding Company of $4 Million in Kickback Scheme, Say Federal Authorities

A former diversity program manager at Facebook has admitted to stealing over $4 million from the company through fraudulent business deals in exchange for kickbacks, as per the Justice Department.

Barbara Farlow Smiles, who served as Facebook’s chief strategist and global head of employee resource groups and diversity engagement, used the stolen funds to support a lavish lifestyle across multiple states, according to prosecutors.

From January 2017 to September 2021, Farlow Smiles oversaw the diversity, equity, and inclusion (DEI) program at Facebook and was entrusted with DEI initiatives and operations, as well as engagement programs, as per the Department of Justice.

Authorities disclosed that Farlow Smiles had access to company credit cards and had the authority to approve invoices, and used various individuals, including friends and relatives, to funnel kickbacks to her.

Barbara Farlow-Smiles has pleaded guilty to defrauding Facebook. Amazon

Individuals allegedly recruited by Farlow Smiles to participate in the kickback scheme included former interns, a college tutor, a hairstylist, babysitter, and a nanny, as per authorities.

It remains uncertain if anyone associated with Farlow Smiles has been charged in connection with the incident.

Farlow Smiles also misled Facebook into providing funds to an organization that did not deliver any kickbacks, including payments to an artist and an unnamed preschool.

Barbara Furlow-Smiles pictured at the 2018 Facebook DEI event. meta

To avoid scrutiny, Farlow Smiles submitted false expense reports, falsely claiming that individuals had provided marketing or merchandise at Facebook event vendors.

Farlow Smiles “abused her position at Facebook to defraud the company and undermine the importance of its DEI mission,” said U.S. Attorney Ryan K. Buchanan after her guilty plea on Tuesday.

“Driven by greed, she orchestrated an elaborate criminal scheme, engaging fraudsters to pay kickbacks in cash, and involving her relatives, friends, and other associates in the crime, all to finance her lavish lifestyle through fraud rather than through hard, honest work,” Buchanan added.

“Farlow Smiles used lies and deception to defraud both vendors and Facebook employees,” said FBI Special Agent Kelly Farley.

The Justice Department said Mr. Mehta provided valuable assistance to the investigation. LinkedIn / Barbara Farlow Smiles

The Justice Department commended Mr. Mehta for providing valuable assistance and cooperation during the investigation.

“We are cooperating with law enforcement in the case involving this former program manager and will continue to do so,” Mehta said in a statement.

As part of a two-step fraud scheme, Farlow Smiles used apps such as Venmo and PayPal linked to her company credit card, and submitted false expense reports to cover her tracks.

Barbara Farlow-Smiles is scheduled to be sentenced in March next year. LinkedIn / Barbara Farlow Smiles
Barbara Furlow-Smiles helped lead DEI initiatives at Facebook. Getty Images

Most employees were reportedly unaware that the funds were coming from Facebook and returned the funds to Farlow Smiles in cash or through direct deposit. Federal authorities disclosed that the cash was sometimes delivered to Farlow Smiles wrapped in t-shirts and other items.

In the second part of her plan, Farlow Smiles directed Facebook to use businesses owned by friends and then approved “fraudulent and inflated invoices” on behalf of the vendors in exchange for kickbacks.

Farlow Smiles is set to be sentenced on March 19, 2024.

Source: nypost.com

France to Emulate UK Investment Scheme, Aiming to Boost Angel Investing

As part of the 2024 French budget passed by the French government last week. without voting, France plans to create a new tax break for angel investments in technology startups. In many ways, France is drawing inspiration from the UK’s tech ecosystem for this change.

If you are a UK angel investor, you may already be familiar with the acronyms SEIS and EIS, which stand for Seed Enterprise Investment Scheme and Enterprise Investment Scheme. These two tax breaks have encouraged angel investments in small private companies, typically technology startups, since 1994.

In the UK, investments in early-stage startups have an annual investment cap of £200,000 and are eligible for a 50% income tax deduction. You may be wondering, what exactly is an early-stage startup? Criteria change over time, but currently, SEIS-compatible companies are those that are less than three years old, have fewer than 25 employees, and have total assets. UK businesses under £350,000.

“I have benefited from SEIS both as a founder and as an investor. SEIS funding reduces the risk of angel investing and allows startups to close rounds faster,” said Reedsy. co-founder and CEO Emmanuel Nataf told me. “The fact that all taxpayers, not just the wealthiest, can benefit from tax cuts makes them a real enabler for the UK’s tech ecosystem.”

When it comes to corporate investment schemes, as the name suggests, they cover a wider range of companies. However, in that case, individual investors will only receive a 30% income tax reduction. EIS-compatible companies should be less than seven years old, have fewer than 250 employees and have total assets of less than £15m.

Interestingly, deep tech companies still qualify if they have been in business for less than 10 years, so they have a little more leeway. An individual can invest up to £1 million a year to receive a tax deduction (for deep tech investments he can invest £2 million).

And it’s working incredibly well.According to Report from Paul MidiThe MP, who represents Emmanuel Macron’s party on the subject, said a total of £175 million and £1.6 billion have been invested in private companies through SEIS and EIS respectively (as of today). 213 million and $1.95 billion respectively) (exchange rates).

“Angel investors who use this system also provide significant support to founders, which may be difficult to obtain from institutional investors,” Nataf added.

Importing SEIS and EIS schemes

Now that we understand how this works, France is essentially copying these systems with a different standard. From 2024, the JEI label (Jeunesse Entreprize Innovantes) is eligible for a 30% income tax reduction.

Starting in 2025, two new categories will be created: JEIC and JEIR. C is Croissant and R’s rupture. These acronyms are a bit technical, but the bottom line is that an investor in a deep tech startup can receive a 50% tax break on investments of up to 100,000 euros per year. Investors in other start-ups can enjoy a 30% tax break on investments of up to €150,000 per year.

“This scheme for so-called ‘young enterprises’ aims to help thousands of young innovative businesses gain jobs, raise capital, improve cash flow and access public contracts. .” Said In a video on X (formerly Twitter). “This should enable our startups to raise an additional EUR 500 million annually, especially in their early stages.”

It will take some time for the French tech ecosystem to feel the impact of this regulatory change. But this is a welcome change, as France, like many tech ecosystems around the world, is experiencing a slowdown in traditional VC investment.

Source: techcrunch.com