Identity authentication is a element 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’s identity authentication? The authentication process involves validating the identity presented is the actual person. It goes further 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 problem with paper identification could it be is not tamperproof. Efforts have been created by states to increase security of state-issued ID cards; however, those trying to perpetrate fraud have been able to maintain with the technology changes. How will you keep up with a criminal element dedicated to staying one step in front of paper identification cards? The answer, you need to change the identity verification process to an identity authentication process.
Examine the below identity verification system. In case a system could achieve the below, what can the effect be for potential identity fraud risk?
The above demonstrates the requirement for comprehensive identity authentication systems to greatly help mitigate identity fraud risk. A secondary requirement becomes apparent once you consider the steps required by comprehensive identity authentication systems–the dependence on speed of validation. As a result the system must be both accurate and efficient. How can this be performed in point of service situations?
Multiple Verifications Mitigate Identity Fraud: 먹튀검증
There is a statistical assumption that the more verification checks performed, the better your chances are that you’re mitigating identity fraud risk. To execute multiple verifications will demand one more expenditure of time. To 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 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 one person to at least one identity. The capacity to find identity fraud patterns also prevents individual users from making multiple ID fraud attempts. Your final benefit of fingerprint biometrics is that the fingerprint images are stored and available to police 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 required 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 need to implement biometric verification.