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Identity authentication is a component of identifying identity fraud risk. Advances in technology through fingerprint biometric services have result in biometric verification being a potential tool in identity verification.

What is identity authentication? The authentication process involves validating the identity presented is the actual person. It goes beyond typical identity verification and seeks a confirmation that anyone presenting the ID accurately is anyone being represented by the ID.

Beyond Paper Identification:

The problem with paper identification is it is not tamperproof. Efforts have been created by states to improve security of state-issued ID cards; however, those trying to perpetrate fraud have been able to maintain with the technology changes. How will you match a criminal element focused on staying one step in front of paper identification cards? The clear answer, you’ll need to improve the identity verification process to an identity authentication process.

Examine the below identity verification system. If a system surely could achieve the below, what can the end result be for potential identity fraud risk?

The above mentioned demonstrates the necessity for comprehensive identity authentication systems to simply help mitigate identity fraud risk. A secondary requirement becomes apparent once you consider the steps required by comprehensive identity authentication systems–the requirement for speed of validation. Consequently the system must be both accurate and efficient. Just how can this be performed in point of service situations?

Multiple Verifications Mitigate Identity Fraud:

There’s 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 require one more expenditure of time. To help keep the method of identity authentication accurate and efficient, what verifications checks must be performed? In the previously list there clearly was a product called “Connecting IDs to fingerprints,” this verification action will help hold the main element to identity authentication.

Connecting IDs to Fingerprints, the Role of Fingerprint Biometric Verification:

Advances in fingerprint biometric technology have led to the ability to conduct biometric verification. Some solutions have the ability to capture and link a fingerprint  먹튀검증 to just one ID record. The result is a mitigation of identity fraud risk and fraud risk resulting from someone attempting to utilize multiple identities.

Fingerprint Biometric technology provides identity resolution, or the ability to match anyone to at least one identity. The capacity to find identity fraud patterns also prevents individual users from making multiple ID fraud attempts. A final advantage 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 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 required for identity authentication ahead of new business being conducted. Applications such as for instance opening a high-value new account or authenticating an identity through repeat transactions illustrate the requirement to implement biometric verification.