Identity Theft: Definition, Prevention, and Examples
Identity theft is a serious concern all across the globe. It’s a crime of obtaining personal details of another person to commit fraud. There are numerous identity theft types, ranging from synthetic identity theft to social security identity theft to financial identity theft. Each theft can harm you in different ways, but you can prevent them by using simple tips and tricks. Let’s find out what these tips are.
Identity Verification in the Healthcare Industry
With technological advancements, the healthcare industry is increasing rapidly all across the globe. However, it’s also true that these advancements have brought numerous threats to the industry. Two of the major among them are identity theft and data breaches.
ID Protection: Secure IDs with Transparent Security Features
Forgery is a serious crime all across the globe. While there is provision for punishments and penalties in this crime, it has been increasing rapidly. Over the years, the public authority took various steps for ID Protection, but nothing proved beneficial. Using transparent security features or elements to protect ID design can help prevent or minimize forgery. In banknotes, technology has proved useful in preventing tampering.
Identity Verification in the Education Sector
Started by religious institutions, the education system and teaching style have changed significantly in modern times. Thanks to technology, distance and e-learning are possible nowadays. However, over the years, the education sector has faced various challenges due to these technological advancements. Cyber attacks such as phishing, data breaches, and identity theft are a few common issues the industry deals with. Fortunately, these threats can be minimized to a large extent, with a proper identity verification setup.
Top 3 Benefits of Flexible Identity Verification
Since identity theft cases are growing rapidly, every business needs to set up an advanced verification solution to ensure that only authentic people are using their platform. The verification is essential from your view’s user experience point. Read more.
Identity Verification in the Travel industry
Due to technological advancements, the travel industry has seen numerous changes over the years. It has become easier for travel companies to sell their services and improve customer experience. However, technology has also increased the risk of different types of fraud in the industry. Data breaches, stolen security credentials are a few common threats to the industry. If used properly, the role of identity verification can prove useful to eliminate these risks to a great extent.
GDPR – Data Protection & Privacy in the EU
GDPR, or General Data Protection Regulation, is one of the most stringent security laws globally. It was implemented in 2018 to set guidelines for collecting and processing personal information from people living in the European Union. The GDPR applies to all the businesses operating in the EU and those delivering services to European customers.
Digital Identity & Customer Relationship
Gone are the days when customers were loyal to one brand. Since they have many options, they can switch to your competitor anytime if you don’t provide them with an exceptional user experience. Many businesses don’t realize this, but customers are concerned about their data security and the data protection counts for user experience. So, if you want to improve your customer relationship and ensure your customers feel confident throughout their buying journey, implement a robust identity verification solution.
Identity Verification in the Telecommunication Industry
Since telecommunications is closely linked to critical services like national security and healthcare, identity verification is especially important in the telecom industry. In this blog post, we’ll explore the importance of Know Your Customer (KYC) checks in terms of the telecom industry, exposing security vulnerabilities and compliance issues.
Top Key Ways Fraudsters Commit Identity Theft
Every year, numerous businesses worldwide get hit with billions of dollars in losses due to identity fraud. They even don’t realize how they become the victim of identity theft. In this blog post, we’ll make you familiar with common ways fraudsters commit identity theft and solutions to prevent it.
Identity Verification in Retail & eCommerce
Discover the crucial role of identity verification in the thriving retail & eCommerce industry. Learn how businesses can enhance security, build trust, and combat fraud with advanced verification solutions.
Understanding: Machine Readable Zone
Wondering what is a machine-readable zone (MRZ)? Do you want to know its role in identity verification? If the answer to these questions is “yes.” Read this blog until the end. MRZ or Machine Readable Zone is a particular area in an identity document (passport specifically) that encloses the document holder’s personal data. Nowadays, almost […]
What is Optical Character Recognition (OCR)?
Optical Character Recognition is revolutionizing the businesses of almost all types. In every industry, it plays a crucial role in improving productivity, accuracy, customer experience, and data security. Wondering what exactly it is? Read this post.
