Identity authentication is really a element of identifying identity fraud risk. Advances in technology through fingerprint biometric services have result in biometric verification being a potential tool in identity verification.
What is identity authentication? The authentication process involves validating the identity presented is the actual person. It goes beyond typical identity verification and seeks a confirmation that the person presenting the ID accurately is the person being represented by the ID.
Beyond Paper Identification:
The situation with paper identification is it isn’t tamperproof. Efforts have been created by states to increase security of state-issued ID cards; however, those looking to perpetrate fraud have been able to keep up with the technology changes. How could you match a criminal element focused on staying one step in front of paper identification cards? The answer, you will need to improve the identity verification process to an identity authentication process.
Examine the below identity verification system. If your system surely could achieve the below, what might the effect be for potential identity fraud risk?
The aforementioned demonstrates the requirement for comprehensive identity authentication systems to greatly help mitigate identity fraud risk. Another requirement becomes apparent whenever you go through the steps required by comprehensive identity authentication systems– 먹튀검증 the need for speed of validation. As a result 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’s a statistical assumption that the more verification checks performed, the higher your chances are that you’re mitigating identity fraud risk. To execute multiple verifications will require one more expenditure of time. To keep the procedure of identity authentication accurate and efficient, what verifications checks must be performed? In the previously list there was an item called “Connecting IDs to fingerprints,” this verification action can 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 really a mitigation of identity fraud risk and fraud risk resulting from a person attempting to utilize multiple identities.
Fingerprint Biometric technology provides identity resolution, or the capability to match one individual to 1 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 law enforcement and prosecution of identity fraud suspects.
Uses of Biometric Verification:
The capability for fingerprint biometrics for connecting a single fingerprint to a single identity becomes desirable in several 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.