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Digital Trust for People, Businesses, and Governments

Digital Trust for People, Businesses, and Governments

by Adam
December 29, 2022

Digital technologies have various advantages. They enable us to communicate and share information with people around the globe. They help us to enable people to act and collaborate differently. We can apply digital technologies in different fields of knowledge in order to share information and to solve problems. Digital technologies can help us to keep records easily and to improve the organisation of different areas of activity. 

Numerous new opportunities to improve conventional methods of communication, conducting business, and sharing information are provided by digital technologies. Innovations in our communication environment include AI, Big Data, Blockchain, and others. Although new hazards like information leaks, false information, data theft, and identity theft have been developed as a result of this development and progress.

What is Digital Trust?

According to the SGTech White Paper report, Digital Trust is 

“the confidence participants have in the digital ecosystem to interact securely, in a transparent, accountable, and frictionless manner.”

The White Paper report further distinguishes Digital Trust for various stakeholders, such as citizens, industry and businesses, and governments and regulators. 

What are the challenges for Digital Trust?

It is essential to address the challenges of the digital era in order to comprehend Digital Trust and how it can improve relationships with the public in the digital era. According to the SGTech White Paper report, some of the challenges are the following:

  • Misinformation
  • Disinformation
  • Deepfakes
  • Hacking scams
  • Phishing scams
  • Data misuse
  • Data theft
  • Cyberbullying
  • Violent content
  • Online addiction
  • Identity theft

What can enable Digital Trust?

It’s critical to comprehend how digital trust may be built in light of the digital transition and potential advent of technologies like Web3 (learn more about Web3 here) and the metaverse. 

What does creating Digital Trust entail? 

It refers to ensuring that consumers, business clients, government agencies, and citizens trust digital services and goods.

According to the SGTech White Paper report, there are 5 primary forms of Digital Interaction:

  1. Presentation of information (e.g. website)
  2. Digital communication (e.g. chats)
  3. Data transmission (e.g. IoT)
  4. Data Access (e.g. Cloud storage)
  5. Data Analysis (e.g. AI)

To allow digital trust and prevent the compromise of data and identities, people, technologies, and governance must work together. Today, Zero-Trust architecture is the method of choice for establishing digital trust (learn more about Zero Trust here).

Opportunities for Digital Trust: Consumer Awareness and Education

At MonkPhish, we think that teaching people about the digital world is one of the most important—and important—ways to develop and preserve digital trust. Education for citizens, organisations, institutions, and schools is crucial. A crucial component of fostering digital literacy in future generations is school curricula.

We’ve enjoyed bringing you this information about digital security. We hope you’ve learned something new. If you would like to learn more about the digital security opportunities, please reach out.

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