Identity authentication is a element 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 actual 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: 먹튀폴리스
The situation with paper identification could it be is not tamperproof. Efforts have now been created by states to improve security of state-issued ID cards; however, those seeking to perpetrate fraud have now been able to keep up with the technology changes. How can you keep up with a criminal element specialized in staying one step in front of paper identification cards? The answer, you need to alter the identity verification process to an identity authentication process.
Examine the below identity verification system. In case a system could achieve the below, what can the end result be for potential identity fraud risk?
The aforementioned demonstrates the need for comprehensive identity authentication systems to greatly help mitigate identity fraud risk. A second requirement becomes apparent when you look at the steps required by comprehensive identity authentication systems–the dependence on 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 better your chances are that you will be mitigating identity fraud risk. To do multiple verifications will demand 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 clearly 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 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 effect is a mitigation of identity fraud risk and fraud risk caused by an individual attempting to use multiple identities.
Fingerprint Biometric technology provides identity resolution, or the capacity to match one individual to one identity. The ability 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 open to police and prosecution of identity fraud suspects.
Uses of Biometric Verification:
The ability for fingerprint biometrics to connect just one fingerprint to just one identity becomes desirable in various 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 needed 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.