Identity authentication is 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 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 the individual presenting the ID accurately is the individual being represented by the ID.
Beyond Paper Identification:
The situation with paper identification could it be is not tamperproof. 검증업체 Efforts have now been created by states to improve security of state-issued ID cards; however, those trying to perpetrate fraud have now been able to maintain with the technology changes. How could you keep up with a criminal element focused on staying one step ahead of paper identification cards? The solution, you’ll need to alter the identity verification process to an identity authentication process.
Examine the below identity verification system. If your system could achieve the below, what can the effect be for potential identity fraud risk?
The aforementioned demonstrates the necessity for comprehensive identity authentication systems to help mitigate identity fraud risk. A secondary requirement becomes apparent whenever you consider the steps required by comprehensive identity authentication systems–the need for speed of validation. As a result the machine 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 execute multiple verifications will demand an additional expenditure of time. To help keep the procedure of identity authentication accurate and efficient, what verifications checks need to be performed? In the previously list there clearly was an item called “Connecting IDs to fingerprints,” this verification action might 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 a single ID record. The end result is a mitigation of identity fraud risk and fraud risk resulting from someone attempting to use multiple identities.
Fingerprint Biometric technology provides identity resolution, or the capability to match one person to at least one identity. The ability 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 open to police force and prosecution of identity fraud suspects.
Uses of Biometric Verification:
The power for fingerprint biometrics for connecting 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 required 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 requirement to implement biometric verification.