Identity authentication is a element of identifying identity fraud risk. Advances in technology through fingerprint biometric services have lead to biometric verification learning to be a potential tool in identity verification.
What’s 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 anyone presenting the ID accurately is anyone being represented by the ID.
Beyond Paper Identification:
The problem with paper identification can it be isn’t tamperproof. 검증업체 Efforts have been made by states to boost security of state-issued ID cards; however, those looking to perpetrate fraud have 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 need to improve 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 above mentioned demonstrates the necessity for comprehensive identity authentication systems to greatly help mitigate identity fraud risk. A secondary requirement becomes apparent whenever you go through the steps required by comprehensive identity authentication systems–the dependence on speed of validation. As a result the machine needs to be both accurate and efficient. Just how can 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 higher your odds are that you’re mitigating identity fraud risk. To perform multiple verifications will need an additional expenditure of time. To help keep the procedure of identity authentication accurate and efficient, what verifications checks have to be performed? In the previously list there clearly was something called “Connecting IDs to fingerprints,” this verification action can help hold the main element 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 utilize multiple identities.
Fingerprint Biometric technology provides identity resolution, or the capacity to match one individual to at least one identity. The capacity to find identity fraud patterns also prevents individual users from making multiple ID fraud attempts. One last benefit 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 for connecting just one fingerprint to just one identity becomes desirable in several 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 necessary for identity authentication just before new business being conducted. Applications such as for instance opening a high-value new account or authenticating an identity through repeat transactions illustrate the need to implement biometric verification.