Fake identities and stolen information is one of the side effects of the digital era. Many people lose their identifications and their data and financial well being suffers even when they are protective of their passwords and other data. Fake actors can use Id information to take out loans, purchase cars or equipment, and leave you with debt that you are thought to owe. While many people are able to get out of these fake identification issues, many businesses and insurance companies will end out losing out which leads these organizations to pass on the costs of these losses and the cost of preventing them to additional layers of protection that adds significant problems for society in whole. Thankfully, security firms are able to develop technologies that allow companies to analyze ID cards more accurately and prevent fraud from occurring.
Why technology is needed for protecting identification?
There is one major reason why new technologies are needed to protect users from id theft; it’s because the thieves are getting better stealing identification since many of the services to prove you are who you say you are. In person ids will Rely more on facial recognition which can often be explained with the long duration of many id photos. Many photos can be inserted into existing ids and used to fake who you are and steal Money from.
What does ID Analyzer do?
One of the newest and neatest technologies is offered by a company known as ID Analyzer. ID Analyzer uses the newest technologies and scans an extensive database of personal records to make sure the id is valid and not the incorrect person by verifying names and id codes. It works with passports, local ids, and driver licenses. In addition to scanning the provided id and checking the name and id number ID analyzer will verify other information like address, height, eye color, and date of birth. This results in a much improved overall verification and helps to protect the identity of those who use this service. Click to read more about how their id verification api works.
Who pays for id verification technology?
At the end, consumers pay for all of these products, directly or indirectly, but typically with id verification technologies like id analyzer, an third party company will use it to check ids presented to it by different users and quickly determine if these programs they are paying for will make sure the id is identifying the right person by using the database to determine if the information on the submitted id matches the true id that is in the database. This is an added security step for now paid by businesses but there are many opportunities to expand and grow the technological capacity and have other verification checks with smartphones and other devices to further reduce false identity fraud in the future. This is still a growing field and technology.