The Top 10  Most Difficult Countries for Identity Verification

The Top 10  Most Difficult Countries for Identity Verification

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    Ensure Digital Security with e-KYC Solutions

    e-KYC Solutions

    In today’s world where the distances have been reduced considerably with the advancement of technology. Such so that the systems/computers of the world are also connected through the World Wide Web. The availability of information has become very easy and extremely quick. As is with ease there are problems as well. Not everyone uses the information with good intent. To safeguard the privacy of information has become a daunting task. e-KYC is a solution that can to a very big extent prevent access to restricted information by unauthorised individuals. The system is so effective that even if an unauthorised individual has hacked the Username and Password to access the information, the system would be able to prevent access. The hypothetical situation below will elaborate the problem we are talking about. We will discuss the solution afterwards.

    Imagine you are in the IT department of a large commercial enterprise, your company sells a vast number of products and have in your database personal information of several hundred thousand people who are your customers. There are very few employees who have access to that data given all the talk about privacy protection. Your servers have good security protection and everyone with access to the data has passwords that are forcibly changed every week. You feel confident that a data leak would be impossible. Everything goes smooth until one Friday the 13th you get devastating news that your security has been compromised. You find out that a large amount of customer data has been copied. The breach occurred when somebody logged in using the business analysts login password, the problem was picked up when the actual business analyst logged in. The system automatically kicked out both people, but the damage had been done till that time. You start to sweat realising you will have to inform your boss and also the customers and the incident will become a PR nightmare. You investigate the issue and you find that the business analysts stolen laptop was accessed and hacked. You start searching online for a possible solution to ensure that regardless of having a password only the authorised person may have access to the data. Through your search you come across a digital KYC service provider that is offering unprecedented quality for money. It has several powerful tools that make it a very reliable user verification service

    As you can see it is quite easy to get into a system remotely with a username and password. Now we will discuss the solution and look at other ways that the system can ensure fraud prevention.

     

    Why e-KYC is the Answer?

    If we look at the hypothetical incident mentioned above the problem that occurred is quite common, passwords do get hacked. There is a need for a system that can somehow verify that the person entering the password is the right person. e-KYC service providers are the right tool for this task. They add another level of protection usually at a competitive price. Run by an advanced AI it verifies the user through the use of a webcam or their smartphone to make sure that the correct person is attempting a login.  

    How does e-KYC work to secure access?

    As we mentioned at the heart of the user verification service is an advanced AI. The AI using the Internet and a webcam verifies the person requesting access. Once the login and password is entered, if it is correct the AI takes over and requests the user to face the webcam. It scans their face checking for anything that might hide or alter their identity — heavy makeup, mask or a picture instead of a live person. Then it will ask the person to display their ID and focus on the picture, name, DOB, and number (if applicable). Then it will match all the details with existing records and only then grant access to the main system once it has a positive match. If it is not matched the user will not be granted access.

    So how is a User Verification Service useful in Fraud Protection:

    The same user verification service that secures the systems of a company can allow for secure fraud protection. It can stop the use of stolen credit cards or add to the credibility of an institution or organisation. It shows that the organisation that has implemented such a solution actually cares for its users, customers, clients, etc. As it is usually a paid service, the scams and fraudulent organisation never spend on e-KYC solutions or care about securing the way they get their income They just care about the money since they are going to run off in the end.

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