Identity authentication is a component 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 particular person. It goes further than typical identity verification and seeks a confirmation that anyone presenting the ID accurately is anyone being represented by the ID.
Beyond Paper Identification:
The problem with paper identification is it isn’t tamperproof. Efforts have now been produced by states to boost security of state-issued ID cards; however, those trying to perpetrate fraud have now been able to steadfastly keep up with the technology changes. How can you maintain a criminal element focused on staying one step in front of paper identification cards? The solution, you need to change the identity verification process to an identity authentication process.
Examine the below identity verification system. If your system was able to achieve the below, what might the end result be for potential identity fraud risk?
The aforementioned demonstrates the requirement for comprehensive identity authentication systems to help mitigate identity fraud risk. 먹튀검증 Another requirement becomes apparent once you go through the steps required by comprehensive identity authentication systems–the requirement for speed of validation. Consequently the device must be both accurate and efficient. Just how can this be performed in point of service situations?
Multiple Verifications Mitigate Identity Fraud:
There is a statistical assumption that the more verification checks performed, the greater your odds are that you’re mitigating identity fraud risk. To do multiple verifications will demand one more expenditure of time. To help keep the method of identity authentication accurate and efficient, what verifications checks must be performed? In the previously list there is something called “Connecting IDs to fingerprints,” this verification action will help hold the key to identity authentication.
Connecting IDs to Fingerprints, the Role of Fingerprint Biometric Verification:
Advances in fingerprint biometric technology have led to the capability to conduct biometric verification. Some solutions have the capability to capture and link a fingerprint to a single ID record. The end result is a mitigation of identity fraud risk and fraud risk caused by a person attempting to use multiple identities.
Fingerprint Biometric technology provides identity resolution, or the capability 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 good thing about 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 power for fingerprint biometrics to connect a single fingerprint to a single identity becomes desirable in a variety of business applications. Biometric verification can mitigate identity fraud risk by linking a fingerprint to a single stored identity. This technology becomes desirable in situations where high security is needed for identity authentication just before new business being conducted. Applications such as opening a high-value new account or authenticating an identity through repeat transactions illustrate the need to implement biometric verification.
