Biometric data is the answer to identity theft. For this reason, organisations need to ensure high levels of security while handling it
“Nearly 42 million people were victims of identity fraud in 2021, costing consumers $52 billion in losses, according to a new report co-sponsored by AARP.”
What solutions are available to counter identity threat?Biometric technology can be an effective means against massive fraud.Although data theft is still a cyber threat that could occur, with biometric technology information gets securely encrypted which makes it very difficult for fraudsters to break.
An individual’s digital identity is unique and non-transferable. Biometric technology ensures a robust layer of protection against fraudulent activities while providing secure access to digital services.
“This is te best way to protect ourselves, with a double factor. We implement independent technology, which in turn does not require much involvement from a user.” Fernando Ramírez, CEO of Hispasec
How to avoid identity theft?
Digital identity verification, in addition to being the safest alternative, is also the most practical when it comes to replacing codes, passwords and security questions. Did you know that to create a digital pattern, through facial recognition, more than 10,000 points are extracted?
FacePhi’s artificial intelligence enables the facial biometrics system to performan accurate life test through passive liveness. This technology is capable of detecting presentation attacks with photographs on paper, screens or masks. The system is also capable of detecting complex attacks, impossible to spot otherwise with human observation. All these actions are performed without causing any type of friction to users.
Data security is ensured with facial recognition. Biometric data captured in the form of patterns, encrypted and tokenised with a time stamp to eliminate the possible attacks of identity theft, man-in-the-middle, etc. . There is also ISO Presentation Attack Detection testing in accordance with 30107-3 Level 2 which certifies the Passive Liveness protection.