Identity authentication is just a component of identifying identity fraud risk. Advances in technology through fingerprint biometric services have cause biometric verification learning to be a potential tool in identity verification.
What’s identity authentication? The authentication process involves validating the identity presented is the particular person. It goes more 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 is it is not tamperproof. 검증업체 Efforts have already been made by states to boost security of state-issued ID cards; however, those trying to perpetrate fraud have already been able to maintain with the technology changes. How will you match 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. If a system was able to achieve the below, what would the result be for potential identity fraud risk?
The aforementioned demonstrates the need for comprehensive identity authentication systems to greatly help mitigate identity fraud risk. Another requirement becomes apparent once you consider the steps required by comprehensive identity authentication systems–the importance of speed of validation. As a result the machine must be both accurate and efficient. 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 higher your odds are that you are mitigating identity fraud risk. To do multiple verifications will need yet another expenditure of time. To keep the procedure of identity authentication accurate and efficient, what verifications checks must be performed? In the previously list there is something called “Connecting IDs to fingerprints,” this verification action will help hold the important thing to identity authentication.
Advances in fingerprint biometric technology have led to the capacity to conduct biometric verification. Some solutions have the capacity to capture and link a fingerprint to a single ID record. The effect is just a mitigation of identity fraud risk and fraud risk caused by someone attempting to make use of multiple identities.
Fingerprint Biometric technology provides identity resolution, or the capacity to match anyone to one identity. The capability 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 offered to police and prosecution of identity fraud suspects.
Uses of Biometric Verification:
The capability for fingerprint biometrics to get in touch 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 needed for identity authentication prior to 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.