Identity authentication is just 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 actual person. It goes further 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 situation with paper identification could it be isn’t tamperproof. Efforts have already been created by states to increase security of state-issued ID cards; 먹튀폴리스 however, those seeking to perpetrate fraud have already been able to steadfastly keep up with the technology changes. How will you maintain a criminal element dedicated to staying one step ahead of paper identification cards? The clear answer, you will need to improve 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 can the result be for potential identity fraud risk?
The above mentioned demonstrates the necessity for comprehensive identity authentication systems to help mitigate identity fraud risk. A secondary requirement becomes apparent whenever you look at the steps required by comprehensive identity authentication systems–the dependence on speed of validation. Consequently the system must be both accurate and efficient. How do 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 better your odds are that you will be mitigating identity fraud risk. To perform multiple verifications will need an additional expenditure of time. To help 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 important thing to identity authentication.
Connecting IDs to Fingerprints, the Role of Fingerprint Biometric Verification:
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 just one 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 ability to match anyone to at least one identity. The capability to find identity fraud patterns also prevents individual users from making multiple ID fraud attempts. One last advantage of fingerprint biometrics is that the fingerprint images are stored and available to police force and prosecution of identity fraud suspects.
Uses of Biometric Verification:
The capability for fingerprint biometrics for connecting 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 ahead of new business being conducted. Applications such as opening a high-value new account or authenticating an identity through repeat transactions illustrate the necessity to implement biometric verification.