Karan Puri

Product Management | Digital Identity | Financial Service | Management Consulting. Likes to tweet about Digital ID, Open Finance / Data

[Karan Puri @riccipuri]

Standard delivery time for @UberEats in toronto is 90 min. Fact based statement!

[Karan Puri @riccipuri]

@sahajcheema Amen !

[Karan Puri @riccipuri]

@AirCanada business class = Economy experience on a recliner seat. The team struggled to even give me an extra bottle of water. Not worth $6k for Toronto - Delhi.

[Karan Puri @riccipuri]

Looking forward to participate in a panel at Mobey Forum ' Digital Credentials and the Trust Economy' along with Neil Butters from Interac Corp. and Bertha Acevedo from CIBC looking at the role of banks in the trust economy, moderated by @sruti_sj from C…https://t.co/oJuNRwc8er

[Karan Puri @riccipuri]

@Kanika_Dutta_ What about it constitute to be a salad ? Rice flakes ? Chickpea shavings ?

[Karan Puri @riccipuri]

Check out my latest article: #IdentityMatters: Band-aid digital solutions are making identity data vulnerable to cyber threats https://t.co/V6NMKuyaDy via @LinkedIn

[Karan Puri @riccipuri]

It is critical that organizations, consider VC strategically to ensure privacy and security of customer data. From a user’s standpoint, VC technology allows them to self-manage their digital identities without depending on third-party providers #SSI #decentralized

[Karan Puri @riccipuri]

#IdentityMatters: If data (#identity) is the new oil, then how are we protecting it?

[Karan Puri @riccipuri]

#VerifiableCredential (#VC) is a worthy contender in the context of consumer data sharing for Digital Identity verification, Payment confirmation and lots more. Undeniably in its nascence, there is a strong momentum across the globe with various private and public sector.

[Karan Puri @riccipuri]

Do certain organizations need to collect and store PII data to verify identities and payment confirmations. Once organizations can make this determination, then they need to consider how to solve the dilemma of storing PII data without making it vulnerable to fraudsters?

[Karan Puri @riccipuri]

In July 2022, Twitter confirmed a breach that exposed PII data of 5.4 million customers due to a vulnerability that allowed any party without any authentication to obtain a Twitter handle (which is equivalent to getting the username of an account) of any user.

[Karan Puri @riccipuri]

Verifying one’s identity and making payments are the most common fraud types. Identity + Payment data is most important in digital and yet most business processes are leveraging tactical solutions and justifying fraud losses as the cost of doing business.

[Karan Puri @riccipuri]

Identity thefts are fairly common because all the perpetrator needs is a person’s #PersonalIdentifiableInformation (#PII, such as name, date of birth, address, email, phone number) and pretends to be you in order to commit fraud or to benefit financially.

[Karan Puri @riccipuri]

In Feb 2022, the U.S.’s Federal Trade Commission (#FTC ), received fraud reports from approximately 2.8 million customers in the U.S. amounting to $6 billion in 2021 alone, an over 70% increase yoy. Almost 50% of these losses are attributed to #identitytheft and online shopping.

[Karan Puri @riccipuri]

@hinnaz We totally do!

[Karan Puri @riccipuri]

How complete reliance on - the most reliable #rogers connectivity can be detrimental to Canada’s aspiration of becoming a digital first economy. A complete chaos nationwide on #rogers network collapse today.

[Karan Puri @riccipuri]

@anamjit Full circle!

[Karan Puri @riccipuri]

We also spoke about the critical role of mentors and sponsors in shaping my career.

You can watch the video on the link below or listen on Apple, Spotify, Anchor or more @ https://t.co/vRaV910xEO

[Karan Puri @riccipuri]

A candid chat with @paulsyng Paul Syng over coffee turned into a podcast. We spoke about my journey - engineering to business, media planning to banking, India to Canada; current role in new product development.

https://t.co/4neY4go7oi

[Karan Puri @riccipuri]

#sneakerart