What are Moody's concerns about India's Aadhaar biometric system? 6 points

Global rating agency Moody's Investors Service recently raised concerns about security and privacy vulnerabilities in biometric technologies like the Aadhaar programme in India..

The New York-headquartered rating agency in a report on Decentralized Finance and Digital Assets" issued on September 23, acknowledged Aadhaar as the worlds largest digital ID program" that assigns unique numbers to over 1.2 billion Indian residents using biometric and demographic data..

However, it questioned the reliability of biometric technologies (especially Aadhaar) in humid climates..

However, the system faces hurdles, including the burden of establishing authorization and concerns about biometric reliability.UIDAI-Aadhaar system often results in service denials, and the reliability of biometric technologies, especially for manual laborers in hot, humid climates, is questionable.Moody's report also stated, "Certain categories of digital ID, especially those under central or federated control, are susceptible to misuse or exploitation a concern that becomes particularly salient when sensitive biometric data like fingerprints or facial recognition information are involved"...

lack of well-defined and universally accepted standards for various components within the Decentralised digital (DID) architecture such as data formats, communication protocols, cryptographic methods, and verification procedures hinders the ability of different DID systems to work together efficiently and seamlessly, known as interoperability.How did India respond to Moody's report?..

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