Identity authentication is just a part of identifying identity fraud risk. Advances in technology through fingerprint biometric services have cause biometric verification becoming a potential tool in identity verification.
What is 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 the individual presenting the ID accurately is the individual being represented by the ID.
Beyond Paper Identification:
The issue with paper identification could it be isn’t tamperproof. 검증업체 Efforts have been created by states to boost security of state-issued ID cards; however, those looking to perpetrate fraud have been able to steadfastly keep up with the technology changes. How can you keep up with a criminal element specialized in staying one step ahead of paper identification cards? The answer, you’ll need to improve the identity verification process to an identity authentication process.
Examine the below identity verification system. In case a system could achieve the below, what might the effect be for potential identity fraud risk?
The aforementioned demonstrates the need for comprehensive identity authentication systems to help mitigate identity fraud risk. A secondary requirement becomes apparent when you consider the steps required by comprehensive identity authentication systems–the importance of speed of validation. Consequently the machine needs to be both accurate and efficient. Just how can this be achieved 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 will be mitigating identity fraud risk. To perform multiple verifications will require yet another expenditure of time. To keep the method of identity authentication accurate and efficient, what verifications checks have to be performed? In the previously list there was an item called “Connecting IDs to fingerprints,” this verification action will help hold the main element to identity authentication.
Advances in fingerprint biometric technology have triggered the capability to conduct biometric verification. Some solutions have the capability to capture and link a fingerprint to an individual ID record. The end result is just a mitigation of identity fraud risk and fraud risk caused by an individual attempting to make use of multiple identities.
Fingerprint Biometric technology provides identity resolution, or the capability to match one individual to at least one identity. The ability to find identity fraud patterns also prevents individual users from making multiple ID fraud attempts. One last advantageous asset of fingerprint biometrics is that the fingerprint images are stored and open to police and prosecution of identity fraud suspects.
Uses of Biometric Verification:
The power for fingerprint biometrics to get in touch an individual fingerprint to an individual identity becomes desirable in several business applications. Biometric verification can mitigate identity fraud risk by linking a fingerprint to an individual 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 necessity to implement biometric verification.