Identity verification is not a topic that comes up frequently in daily discussions. Except you are directly involved in identity access and management in your work, research, or both, identity verification may not be an issue for you. However, as we recurrently read and hear of the increasing number of high-profile data breaches suffered by major companies and organizations, maybe it is time to make identity verification part of our everyday conversation.

In the world we live in today, in which proof of identity is essential for access to goods and services, criminals gaining access to our information and being able to impersonate others can have devastating consequences. By obtaining a few pieces of essential personal information, hackers can swiftly adopt your identity and ruin your credit history and reputation via fraudulent credit cards, loans, and purchases. In doing so, you may be left with the tough task of re-building your credit rating by skipping through numerous hoops with credit bureaus to prove that you did not make all of those suspicious transactions.

Some of the Latest verification solution trends are;

Two-Step Verification

Forming a username and password to access specific websites is the most conversant online identity system. However, we have been well aware for years that it is a broken system.

It is very difficult to form and manage unique, intricate passwords for each online account we have. Even the idea that a ‘strong password’ can shield us is now a fantasy, with hackers frequently breaching our computer systems and releasing username and password data.

The most common solution is two-factor authentication: demanding information (such as an alphanumerical ‘secret’) and ownership (adding a physical level) for a user to verify themselves.

Biometric Verification

Biometric technology can streamline the second step in two-factor verification. Fingerprint data is the preferred method as a predominantly elegant solution for unlocking smartphones.

Encouraged by Apple and Samsung, it necessitates investment from device manufacturers to install the sensors and protected partners eager to use the channel for purchase, like PayPal.

Worries about storing such sensitive data has been addressed with both companies storing an encrypted mathematical model instead of the fingerprint images. But as a hack exposed, people often leave copies of their fingerprints ubiquitously and lifting a copy can be used to unlock devices.

Linking our digital activities with our ‘real’ offline identities has substantial consequences for our safety.

By leveraging the numerous new technologies and systems accessible, businesses have some options and must balance the security of user data with providing a unified service or users will look elsewhere.

Written by:

Odey Pauline.