The Benefits Of Identity Verification Technology

 


It is very important to invest in digital identity verification technology if you would like to improve the security of your business systems. Identity verification ensures an individual’s identity matches the one that is supposed to be.

Imagine you are about to book a hotel in another state, and you go to the counter, show your identity verification documents such as your passport or identity card, and take the keys to your room. This is what identity proofing is. It is the process of verifying an individual’s identity whether it matches their claimed identity or not.

It looks like a very simple process, isn’t it? But things are not that easy as they might seem, especially when it comes to digital identities. As per stats, approximately 3.4 million identities were compromised to a breach in 2019 alone, which is pretty problematic. Cybercriminals are exploiting certain loopholes in the current identity verification system.

Online identity verification is a necessary process that ensures an individual’s identity matches the one that is supposed to be. The identity verification process deals with comparing the set of unique characteristics and traits that are associated with an individual with the one claiming the same.

Identity verification is very crucial in ensuring an actual individual is behind a process and prevents fraud through authentication and authorization. Whether online or offline, identity verification is a very essential requirement for most procedures and processes, including booking flights, banking, or applying for a passport.

Digital identity simply means how you are represented and digitally documented online, sometimes through social login, personal email ID, or work email address. In a nutshell, it is a process that validates a person’s identifying characteristics or traits and verifies that they really are who they claim to be by leveraging computer technology.

For more information on the benefits of identity verification technology, visit our website at https://authid.ai/

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