Identity authentication is a part of identifying identity fraud risk. Advances in technology through fingerprint biometric services have cause biometric verification learning to be a potential tool in identity verification.
What is identity authentication? The authentication process involves validating the identity presented is the specific person. It goes more than 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 issue with paper identification is it is not tamperproof. 검증업체 Efforts have now been created by states to boost security of state-issued ID cards; however, those seeking to perpetrate fraud have now been able to keep up with the technology changes. How can you keep up with a criminal element focused on staying one step in front of paper identification cards? The clear answer, you need to improve the identity verification process to an identity authentication process.
Examine the below identity verification system. In case a system was able to achieve the below, what would the effect be for potential identity fraud risk?
The aforementioned demonstrates the requirement for comprehensive identity authentication systems to simply help mitigate identity fraud risk. A secondary requirement becomes apparent whenever you look at the steps required by comprehensive identity authentication systems–the significance of speed of validation. As a result the device must be both accurate and efficient. How do this be performed in point of service situations?
Multiple Verifications Mitigate Identity Fraud:
There’s a statistical assumption that the more verification checks performed, the greater your chances are that you are mitigating identity fraud risk. To do multiple verifications will require one more expenditure of time. To keep the procedure of identity authentication accurate and efficient, what verifications checks have to be performed? In the previously list there was a product called “Connecting IDs to fingerprints,” this verification action might help hold the important thing to identity authentication.
Advances in fingerprint biometric technology have resulted in the capacity to conduct biometric verification. Some solutions have the capacity to capture and link a fingerprint to just one ID record. The end result is a mitigation of identity fraud risk and fraud risk resulting from someone attempting to make use of multiple identities.
Fingerprint Biometric technology provides identity resolution, or the capacity to match anyone to 1 identity. The capability to find identity fraud patterns also prevents individual users from making multiple ID fraud attempts. A final advantageous asset of fingerprint biometrics is that the fingerprint images are stored and available to police force and prosecution of identity fraud suspects.
Uses of Biometric Verification:
The power for fingerprint biometrics to connect just one fingerprint to just one identity becomes desirable in various 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 example opening a high-value new account or authenticating an identity through repeat transactions illustrate the requirement to implement biometric verification.