Identity authentication is really a part 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 particular 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 issue with paper identification is it isn’t tamperproof. 검증업체 Efforts have been made by states to increase security of state-issued ID cards; however, those seeking to perpetrate fraud have been able to maintain with the technology changes. How can you match a criminal element focused on staying one step in front of paper identification cards? The solution, you will need to alter the identity verification process to an identity authentication process.
Examine the below identity verification system. If a system was able to achieve the below, what might the effect be for potential identity fraud risk?
The above mentioned demonstrates the need for comprehensive identity authentication systems to help mitigate identity fraud risk. Another requirement becomes apparent when you look at the steps required by comprehensive identity authentication systems–the requirement for speed of validation. Consequently the system must be both accurate and efficient. Just 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 chances are that you will be mitigating identity fraud risk. To execute multiple verifications will need an additional expenditure of time. To keep the process 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 can help hold the important thing to identity authentication.
Advances in fingerprint biometric technology have resulted in the ability to conduct biometric verification. Some solutions have the ability to capture and link a fingerprint to a single ID record. The end result is really 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 ability to match anyone to one identity. The capacity to find identity fraud patterns also prevents individual users from making multiple ID fraud attempts. Your final advantage 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 to get in touch a single fingerprint to a single identity becomes desirable in various 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 prior to 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.