Biometric identity verification has become a crucial part of secure identity verification in the digital era. With the growing need for accurate and efficient identity management, businesses face the challenge of securely storing digital identities. In this blog, we’ll explore the advantages and potential drawbacks of three primary storage solutions: cloud-based storage, digital wallets, and private storage systems.
Cloud-based Storage
Cloud-based storage solutions are popular due to their scalability, accessibility, and cost-effectiveness. By storing digital identities in the cloud, organisations can easily manage and update their data, while utilising robust security measures offered by cloud service providers.
Pros:
- Scalable: Cloud storage can accommodate a growing number of users and data without requiring additional physical infrastructure.
- Accessible: Digital identities can be accessed from any device connected to the internet.
- Cost-effective: Businesses save on hardware and maintenance costs, only paying for the storage they use.
Cons:
- Security concerns: Storing sensitive information in the cloud may expose it to potential security breaches or unauthorised access.
- Data ownership: Organisations and their end-users might have concerns about who owns and controls their data in the cloud.
Digital Wallets
Digital wallets provide a secure, user-friendly method for individuals to store, manage, and share their digital identities. Wallets typically use encryption and authentication measures to protect the stored data, giving users control over their personal information.
Pros:
- User-centric: Digital wallets empower individuals to manage their digital identities and control access to their data.
- Strong security: Wallets often utilise strong encryption and multi-factor authentication to protect users’ data.
- Interoperability: Digital wallets can support various identity standards and protocols, making them compatible with multiple systems and platforms.
Cons:
- Adoption challenges: Users may be hesitant to adopt a new solution for managing their digital identities, especially if it requires changing their behaviour.
- Device dependency: Users must have access to their devices to access their digital wallet. This can be problematic if a device is lost or stolen.
Private Storage
Private storage systems enable businesses to store digital identities on their own servers, maintaining full control over data storage, management, and security. This approach is preferred by organisations that handle highly sensitive information or that have stringent security requirements.
Pros:
- Greater autonomy: Organisations have complete control over their data, allowing them to implement their security policies and protocols.
- Customisable: Private storage systems can be tailored to meet an organisation’s specific needs and requirements.
Cons:
- Infrastructure and maintenance costs: Organisations are responsible for maintaining and updating their storage infrastructure, which can be costly.
- Limited scalability: organisations may face challenges in scaling their storage systems as usage and data volumes increase.
Choosing a digital identity storage option
Unfortunately, there’s no one-size-fits-all when it comes to storing digital identities. Businesses should therefore carefully assess their unique needs, security requirements, and available resources to determine the storage option best suited to them.
At Facephi, no matter the chosen storage option, we facilitate robust security for digital identity by converting the captured biometric data into numeric patterns that are protected with AES-256 and propriety encryption and time-stamped to eliminate the chances of bad actor leveraging.
Learn more about our security measures and authentication process here.
