Identification vs. Authentication vs. Verification: What Are The Differences?
The terms identification, verification, and authentication are often used interchangeably. However, in reality, these are three different approaches that play a crucial role in keeping your systems and resources safe from identity thefts and data breaches. In this post, we will explore these terms and understand their roles in identity verification. Undoubtedly, digital transformation has […]
Blockchain and Identity
Identity management is an ideal way to identify, authenticate, and authorize people to access specific systems or services. However, it has some security and privacy issues. Fortunately, blockchain technology can be a solution to those issues. This blog will guide you on what exactly Blockchain technology is, and how it can give power to identity […]
Artificial Intelligence & Identity Theft
Even if identity theft is a rising worry, it has a solution. This article will guide that artificial intelligence (AI) and machine learning is an ideal way to minimize identity theft risk. Identity theft has turned into big trouble all across the globe. Over the past few years, the world has witnessed several unexpected identity […]
How Do You Select the Best Identity Verification Provider?
How do I select the best identity verification provider for my company? What can they offer for my business? Primarily, they provide a platform for businesses to onboard customers remotely. They can also help minimize fraudulent practices, a consequence of which is the mitigation of risks that crop up during online transaction processing.
What is a Spoofing Attack? Prevention with Liveness Detection
Spoofing involves deceptive practice in which cybercriminals pretend to be trusted entities or devices to manipulate users into taking actions that benefit them. That’s why whenever an online scammer conceals their true identity by impersonating something else, it counts as a spoofing attack. Read more.
What is Biometric Authentication? Definition, Examples, and Identity Verification Comparison
Biometric authentication is indeed an advanced technology that takes into account the biometric data retrieved from a physical user to cross-match these details against a particular device or security area which the person is trying to access. Suppose you want to fully secure an area or a particular digital asset from unauthorized personnel, your best bet is to render the services of biometric authentication systems.
What is AMLD5? The 5th Anti‑Money Laundering Directive
On 19 April 2018, the European Parliament adopted the 5th Anti‑Money Laundering Directive. Read more.
What is Anti Money Laundering?
Over the past few years, money laundering has turned into a disaster for firms and institutions associated with the financial sector. As a result, governments have been actively looking for innovative ways to fight against money launderers. They are putting various policies in place to prevent money laundering called anti-money laundering policies. In this post, […]
Know Your Customer (KYC): How Does It Work?
Know Your Customer or KYC is a vital customer identification tool that companies and financial institutions use during the customer onboarding process. Since its inception, KYC has become a significant tool to fight financial crimes and cyberattacks. Countering the financing of terrorism (CFT) and anti-money laundering (AML) define and constantly update their guidelines to fight financial crimes.
What is Digital Identity Verification?
What is identity verification, and how it works? It is a question which often comes to our minds in nowadays world. What is Identity? An identity can be a series of specific claims that describe an individual. They may be comprised of fingerprints, date of birth, ethnicity, and other permanent traits. Traits that are semi-permanent might […]
