eIDAS 2: What to Consider?
If you’re in the world of digital onboarding, identity verification isn’t just a part of the process; it’s central to the security and legality of your operations. With the European Union set to update its regulation on electronic identification and trust services (eIDAS) to eIDAS 2, there’s a need to look closely at what this will entail for businesses onboarding customers in a digital space. In this article, we’ll walk through the key eIDAS2 considerations that product managers, chief technology officers, and heads of legal and compliance should keep in mind to stay ahead of the curve.
Before diving deeply into eIDAS 2 considerations, let’s first explore what eIDAS is. The electronic Identification, Authentication and trust Services (eIDAS) regulation was enforced by the European Union in 2014, aiming to enhance the security of electronic transactions in the EU’s internal market. It established a framework for digital identification and electronic signatures, helping streamline the process for users to prove their identity or sign documents online.
However, as with most things digital, evolution is constant. Thus, the shift to eIDAS 2 is upon us, focusing on expanding the existing framework to cover a broader range of services while boosting security and cross-border recognition of electronic identification schemes.
Now, let’s get into the crux of the matter – the eIDAS 2 considerations you can’t afford to overlook if your business involves remotely onboarding users.
One of the first eIDAS 2 considerations is understanding when these new changes will take effect and what the transition period will look like. It’s crucial to stay informed through the official communication from the European Commission to ensure that your company is ready for a smooth transition.
Under eIDAS 2, anticipate stricter security measures. This means revisiting your current identity verification solutions and assessing whether they align with updated requirements. Enhanced security features could involve stronger encryption, advanced biometrics, and more thorough background checks.
A central aspect of eIDAS 2 is increasing the interoperability of eIDs across EU member states, thereby making seamless cross-border transactions a reality. Hence, your systems must be adaptable to different national eIDs or electronic identification schemes that eIDAS 2 will support.
eIDAS 2 is set to widen the net on what constitutes trust services. If your platform provides services that could fall into new categories created under this regulatory framework, keep a keen eye on these developments and adapt accordingly to maintain compliance.
Many EU countries have already developed their own digital identity schemes. With the rollout of eIDAS 2, these existing systems will have to co-exist with or transition into the new framework. Your verification solution should therefore be flexible enough to integrate seamlessly with various schemas.
Unlike its predecessor, eIDAS 2 is expected to place a greater emphasis on the role of the private sector. This potentially means more opportunities but also greater responsibility in maintaining the public trust. It’s essential to be proactive in understanding how your business can operate within this changing landscape.
While security is paramount, user experience still matters. Users expect a smooth, hassle-free onboarding experience. Balancing this expectation with the need for stringent security is going to be a key challenge under eIDAS 2.
The General Data Protection Regulation (GDPR) remains a cornerstone of data protection in the EU. As this regulatory framework rolls out, you must ensure that the enhanced identity verification processes continue to comply with GDPR requirements, safeguarding user data privacy.
Adhering to eIDAS 2 may involve upgrading systems, refining processes, or investing in new technology. It’s important to consider these potential costs early on and budget adequately to ensure that these don’t derail your business operations.
Last but not least, legal landscapes are ever-changing. Beyond the initial rollout, there may be further amendments to eIDAS 2 and related regulatory guidance. It’s imperative to maintain a proactive stance, keeping abreast of changes and being willing to adapt when necessary.
Beyond these considerations, how does your current identity verification setup measure against the impending eIDAS 2 requirements? Performing a thorough audit of your current systems and processes will be crucial in identifying gaps and planning your next steps.
The transition to eIDAS 2 need not be daunting if approached systematically with the right considerations in mind. By keeping abreast of legal developments, investing in compliant technologies, emphasizing interoperability, and not losing sight of user experience, your business can not only comply with the updated regulation but also thrive in the evolving digital landscape.
Embracing changes such as this regulatory framework signifies a commitment to security, trust, and forward-thinking operation in an increasingly digitalized world. Although the task may seem complex, with the proper attentiveness to the mentioned eIDAS2 considerations, organizations can position themselves competitively and continue to build strong, trustworthy relations with their clients and users alike.