Identity authentication is a component of identifying identity fraud risk. Advances in technology through fingerprint biometric services have lead to biometric verification becoming a potential tool in identity verification.
What is identity authentication? The authentication process involves validating the identity presented is the actual person. It goes beyond typical identity verification and seeks a confirmation that the individual presenting the ID accurately is the individual being represented by the ID.
Beyond Paper Identification:
The situation with paper identification can it be isn’t tamperproof. Efforts have already been created by states to improve security of state-issued ID cards; however, those trying to perpetrate fraud have already been able to maintain with the technology changes. How can you match a criminal element dedicated to staying one step ahead of paper identification cards? The answer, you’ll need to alter the identity verification process to an identity authentication process.
Examine the below identity verification system. If your system surely could achieve the below, what might the result be for potential identity fraud risk?
The above mentioned demonstrates the need for comprehensive identity authentication systems to simply help mitigate identity fraud risk. A secondary 먹튀검증 requirement becomes apparent once you go through the steps required by comprehensive identity authentication systems–the significance of speed of validation. Consequently the system needs to be both accurate and efficient. How can this be achieved in point of service situations?
Multiple Verifications Mitigate Identity Fraud:
There’s a statistical assumption that the more verification checks performed, the greater your odds are that you will be mitigating identity fraud risk. To do multiple verifications will need one more expenditure of time. To help keep the method of identity authentication accurate and efficient, what verifications checks need to be performed? In the previously list there was a product called “Connecting IDs to fingerprints,” this verification action will help hold the important thing to identity authentication.
Connecting IDs to Fingerprints, the Role of Fingerprint Biometric Verification:
Advances in fingerprint biometric technology have triggered the capability to conduct biometric verification. Some solutions have the capability to capture and link a fingerprint to just one ID record. The result is a mitigation of identity fraud risk and fraud risk caused by someone attempting to make use of multiple identities.
Fingerprint Biometric technology provides identity resolution, or the capability to match one person to at least one identity. The ability to find identity fraud patterns also prevents individual users from making multiple ID fraud attempts. One last advantage of fingerprint biometrics is that the fingerprint images are stored and available to law enforcement and prosecution of identity fraud suspects.
Uses of Biometric Verification:
The capability for fingerprint biometrics for connecting just one fingerprint to just one identity becomes desirable in a variety of business applications. Biometric verification can mitigate identity fraud risk by linking a fingerprint to just one stored identity. This technology becomes desirable in situations where high security is needed for identity authentication ahead of new business being conducted. Applications such as for instance opening a high-value new account or authenticating an identity through repeat transactions illustrate the necessity to implement biometric verification.