Capture Trust

Identity theft continues to be a pressing problem virtually everywhere in the world. Although advances in technology, especially in artificial intelligence, mean that cybercriminals are increasingly perfecting their techniques for committing fraud, the truth is that citizens’ lack of care or supervision in handling and managing their personal information means that it is precisely the victims of fraud who often open the door to these attacks. One of the main advances in the financial sector in terms of user protection has been the widespread adoption of virtual credit and debit cards which, unlike conventional cards, offer an additional layer of security

Identity fraud and theft are escalating global concerns. Although technological evolution has facilitated the work of cybercriminals, one of the main entry vectors that make identity theft possible is the users’ lack of vigilance in handling personal information, their carelessness or the transfer of personal data to third parties without applying the necessary precautions.  Users have already adopted virtual banking cards for e-commerce transactions, enabling precise control over shared information. However, identity verification has remained fragmented—until now. Digital wallets leverage verifiable credentials (VCs) and decentralized identity frameworks to ensure that users can securely prove their identity without exposing unnecessary personal data.