Identity verification is important for protecting your business and your customer against fraud. It’s also useful when you need to prove that you are who you say you are on websites where you provide personal information.
Choose a good ID verification service provider.
If you use an online service to verify the identity of your customers, make sure you test it before using it. You should check with the company to see what happens if there is a problem verifying an identity. Also, ask them what will happen if someone steals your identity.
Due to the exponential growth of private information being sold through the dark internet, Privacy Affairs has published its 2021 Dark Web Price Index, providing average prices for a wide range of products such as the types of selfies with IDs that are used in biometric spoofing attacks, on forums, marketplaces, and even websites using identity verification softwares.
A fake Maltese passport was discovered as the highest priced item that was examined, with an average cost of $6500. A fake U.S. valid social security number was among the cheapest, costing $2.00. The increase in prices for all items is likely because of the growing risks of getting information, the rising benefits for consumers to utilize the data against id verification app, and the improved accuracy and quality of the data on cards according to Privacy Affairs.
The price for a “USA selfie with holding ID,” like the kind that could be used to verify selfie biometrics with an identity verification online, is available for purchase at $100.
2020 saw an enormous rise in cyberattacks, according to PA not just in number, but the variety of items you can purchase has increased as well including hacked crypto accounts, websites like Uber accounts, and face-images.
“It’s not enough anymore to have just a person’s ID. You have to verify identity by taking a selfie extracted from a video interview. Because all business transactions required to be done online in the outbreak that meant people were required to take a picture to prove their identity and to demonstrate signs of life for a liveness verification. Unfortunately liveness verification is not available in all the identity verification api. There is a reason why people aren’t as vigilant as they ought to be when sharing their personal information online, and malicious actors benefit from the ease with which it is to gather data,” says Cybersecurity Researcher Luana Pascu in an email sent to Biometric Update.
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