Identity Document Authentication

Online identity verification is at the core of many enterprises, especially with their continued migration to the digital space. Industries have gone from paper processes to digital operations thanks to the evolution of technology. Most establishments automate their systems to keep up with the changing demand of consumers and to comply with more stringent data security regulations.

More and more people rely on modern devices to perform daily tasks, increasing their preference for digitized solutions over in-person processes. They no longer have to make branch visits to complete transactions. As long as people have their mobile devices and access to the internet, they can remotely use a company’s services.

However, while organizations utilize modern technology to streamline operations and deliver better customer satisfaction, criminals often exploit it for their illegal schemes. Many businesses face new challenges from the digital world. Synthetic identities and account takeover are emerging together with other illicit activities that take advantage of technological advances.

With monetary gain as their driving force, fraudsters will try to circumvent vulnerabilities in weak digital defenses. Because of these persistent threats, federal laws mandate financial institutions and other critical infrastructure sectors to perform robust digital checks to verify the authenticity of one’s identity and provided identity documents.

Firms interact with numerous individuals daily, and they need a modern solution that can expedite the identity verification procedure while maintaining security. They need to replace manual systems that rely on paper documents when validating someone’s identity. These paper documents are often prone to damage, loss, misplacement, and theft.

Companies must adapt to these technological innovations and shore up their security measures against risks. They need to ensure that the customers using their remote services are who they claim to be.

Consequently, many are already utilizing biometric multifactor authentication solutions as a layered defense for curtailing fraudulent attempts. Even government agencies support the use of MFA to mitigate cybersecurity threats.

According to the National Security Agency (NSA), it is among the most effective security measures to safeguard an organization. It requires robust credentials that are not easily bypassed by fraudsters. Biometric MFA often uses facial recognition, iris scans, or fingerprint scans as an added requirement before authorizing someone to access a company’s services.

Moreover, biometric technology can be integrated into mobile devices, eliminating the need for additional hardware. Customers can use their preferred camera-enabled mobile device to complete the identity proofing procedure. As an extra security feature, biometric identity verification also performs liveness detection to ensure a real person’s presence. It can distinguish inconsistencies with the image that signify signs of fraud.

To supplement mobile biometric identity verification solutions, companies should implement identity document authentication technology as well. ID document authentication technology can also be incorporated into mobile devices and provides a safer means of validating customer credentials. It is not susceptible to paper documents’ risks, preventing these valuable credentials from landing into the hands of criminals.

Customers can take a photo of their ID and submit it for verification. An automated system harnesses modern technology’s capabilities to quickly match the provided credential to known templates from trusted government registries. Digital identity document verification technology can check for security markings that are unique to genuine ID documents.

The significance of identity verification cannot be stressed enough among industries, especially those most susceptible to risks. It protects enterprises and their clients from criminal attacks, helps speed up operations, and ensures regulatory compliance.

Companies in the critical infrastructure sector must leverage modern identification technology as part of their digital initiatives. For more information on the importance of identity verification and identity document authentication, Ipsidy provides the following infographic.

By Anurag Rathod

Anurag Rathod is an Editor of Appclonescript.com, who is passionate for app-based startup solutions and on-demand business ideas. He believes in spreading tech trends. He is an avid reader and loves thinking out of the box to promote new technologies.