Identity theft and fraud are a major problem online. We all have friends and family who have fallen victim, if we haven't experienced it ourselves. But what if someone came along and turned the existing security model on its head, so that our personal information was better protected and we didn't have to pay for the privilege? Meet South African serial entrepreneur Vinny Lingham. By MARELISE VAN DER MERWE.
Earlier this week, it was announced that South African born Bitcoin Foundation board member, Vinny Lingham, had stepped down as CEO of the mobile gift card service Gyft to pursue a new business venture called Civic, a digital identity protection start-up that would grant users greater monitoring capabilities to safeguard their personal information. It is due to launch officially later this year.
Currently living in Silicon Valley, Lingham is a serial entrepreneur who has served as founder and CEO of three startups (Gyft, Yola and Clicks2Customers). He was recently appointed to the board of the Bitcoin Foundation. He is also the co-founder of the technology hub, the Silicon Cape Initiative.
Civic's aims are lofty, as tech companies go. It aims to tackle the problem of consumer identity theft and reducing online...