Assurance levels for onboarding
Identity proofing and authentication assurance levels are matched to product risk, following the FATF digital identity guidance and national standards.
GRA · Financial Crime and Fraud Risk
Spatial financeWhere capital meets hazard, exposure and transition
Digital identity and public digital systems for financial crime and fraud risk
Digital identity lets people prove who they are remotely and lets institutions verify them for due diligence. On this platform it is examined for assurance, fraud resistance, inclusion and privacy, following FATF and national identity frameworks.
01Register
Digital identity and public digital systems for financial crime and fraud risk on the record.
Method recordSTEM method
- MethodDigital identity and public digital systems
- Applied inFinancial Crime and Fraud Risk
- Data3 inputs
- Checks3 validation steps
- Canonical pageSTEM Commons
02Application
What digital identity and public digital systems does here.
Digital identity and public digital systems provide the means for people and organisations to prove who they are and access services online. They underpin social protection, financial inclusion and emergency assistance. In financial stability, cyber and digital resilience and governance and institutions, digital identity systems determine how quickly aid and payments reach people after shocks. Their failure or misuse can amplify social and economic harm. The canonical description is on the STEM Commons.
Defending against deepfakes
Liveness detection, document authenticity checks and device signals are evaluated against synthetic media attacks on remote onboarding.
Inclusion testing
False rejection rates are examined for people without standard documents, older people and minority groups, to find where verification excludes.
03Monitor
Security assessment.
The screen a team would use to follow this method: its measures, states and decisions. Names are examples and values are illustrative.
Security assessment
Financial crime · Digital identity and public · Run R-8380
Two high findingsGRA · Financial Crime and Fraud Risk
Findings
| Weak key rotation | Identity service | High | PR.AA | Open |
| Unpatched gateway | Edge | High | PR.PS | Fixing |
| Logging gap | Payments API | Medium | DE.CM | Open |
| Stale accounts | Directory | Low | PR.AA | Closed |
Method card
- Method
- Digital identity and public digital systems
- Framework
- CSF 2.0 functions
- Scope
- 13 assets
- Label
- MODELLED
Control coverage by function
04Data
What the method consumes.
Datasets and records used by digital identity and public digital systems on this platform, with the role each plays and the label its values carry. Sources are listed in the source register.
| Data | Role | Label |
|---|---|---|
| Identity verification outcomes | Performance | OBSERVED |
| Assurance framework documents | Standards | Published statistics |
| Fraud case data | Attack patterns | REPORTED |
05Exposure, loss and capital
What it means for exposure, loss and capital.
The exposure, loss, scenario and capital views a risk officer, supervisor or ministry of finance would ask for, with the frameworks they report against. Structures follow supervisory and actuarial practice. Values are illustrative: never prices, ratings or advice.
Transmission channels
How a shock in digital identity and public digital systems for financial crime and fraud risk reaches credit, market, underwriting, liquidity and operational risk, and feeds back.
NGFS climate scenarios · Network for Greening the Financial SystemIFRS S2 Climate-related Disclosures · ISSBTCFD recommendations · Financial Stability Board TCFDPrinciples for the effective management of climate-related financial risks · Basel Committee on Banking Supervision
06Validation
How results are checked.
Systems are tested for accuracy of matching, resistance to fraud and accessibility. Independent audits review privacy and security controls.
| Check | How it is done |
|---|---|
| Assurance mapped to risk | Assurance level is justified by product risk |
| Attack testing | Controls are tested against current attack methods |
| Exclusion monitoring | Rejection rates are tracked by group |
Exclusion errors can deny services to vulnerable groups. Centralised systems create attractive targets and single points of failure.
07Process
How the process runs.
Process explorer · Process
Digital identity and public digital systems for financial crime and fraud risk: Incident handling, CSF 2.0
8 steps·4 stages·1 gate
Process
Digital identity and public digital systems for financial crime and fraud risk: Incident handling, CSF 2.0
CSF 2.0 has six Functions to address concurrently, in no implied order; this walk-through picks outcomes from Detect, Respond, Recover, Identify and Govern.
01 Detect
- 01Detect: adverse event analysis (DE.AE)DatasetPotentially adverse events are analysed to detect cybersecurity incidents. Information is correlated from multiple sources.
- 02Declare and triage (DE.AE-08, RS.MA-02)GateIncidents are declared when adverse events meet the defined incident criteria. Incident reports are triaged and validated.
02 Respond
- 03Respond: incident analysis (RS.AN)ModelInvestigations establish what has taken place and the root cause. Records of the investigation keep their integrity and provenance.
- 04Respond: incident mitigation (RS.MI)Step · Sanctions officerActivities prevent expansion of an event and mitigate its effects. Incidents are contained and eradicated.
- 05Respond: reporting and communication (RS.CO)StepResponse is coordinated with internal and external stakeholders as laws, regulations or policies require. Stakeholders are notified.
03 Recover
- 06Recover: incident recovery plan execution (RC.RP)StepRestoration is performed to restore availability. The integrity of backups and other restoration assets is verified before use.
04 Improve and govern
- 07Identify: improvement (ID.IM)StepImprovements come from evaluations, tests, exercises and operations. Incident response plans are set, shared, maintained and improved.
- 08Govern: oversight (GV.OV)Decision · Sanctions officerRisk management results inform and adjust the risk strategy. Leadership is responsible and accountable for cybersecurity risk.
Neutral outline of a published external standard or method, from its issuing body. Not a record of operation. Nexus does not perform, certify or approve any step shown. A gate or decision belongs to the party the source names. The six Functions are Govern, Identify, Protect, Detect, Respond and Recover.
08Connections
Topics that rely on this method.
09Stewardship
Who maintains the method.
Digital Public Infrastructure stewards digital identity and public digital systems for the Consortium and reviews how it is applied across platforms.
10Connected
Where this page leads across the Consortium.
11Questions
Questions and answers.
What are the limits of digital identity and public digital systems in this field?
Exclusion errors can deny services to vulnerable groups. Centralised systems create attractive targets and single points of failure.
How are results checked?
Systems are tested for accuracy of matching, resistance to fraud and accessibility. Independent audits review privacy and security controls.
Are the values on this page real?
The data names, roles and checks are real descriptions of practice. The canvas shows a design of the method's use, not a run; no result is reported here.
Where else is this method applied?
The canonical method page lists every platform that applies it.
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Financial Crime and Fraud Risk
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