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In the first half of this year, people in Finland lost some 3.8 million euros to online romance scams. The typical victim is in a vulnerable position, kind-hearted and willing to help others.
Finland is to develop an interoperable digital identity network that will put users in control of authenticating their identity and sharing personal data.
The Finnish Ministry of Finance has granted the Findynet Cooperative, which includes Nordea Bank and OP Financial Group among its members, a €3 million government grant to build a pilot environment for a self-sovereign identity network.