Biometric recognition is emerging as the modern approach to combat fraudulent attempts. Criminals are using improved methods to commit identity thefts, payment fraud, fake purchases, data breaches, and financial crimes. This way fraudsters bypass the verification, exploit vulnerabilities, and carry out their malicious intentions. However, biometric screening helps businesses to stay a step ahead of criminals.
Therefore, businesses should improve their customer verification process by incorporating robust and accurate checks. AI-powered biometric-based identity verification scans unique behavioral and biological features. These include fingerprint verification, facial scans, voice recognition, and liveness detections. This way businesses can add an additional layer of security to their onboarding process. This blog covers the different types of biometric checks and how they benefit businesses’ operations.
Biometric ID Verification – Major Types of Checks to Combat Fraudulent Attempts
According to Shufti Pro News, criminals are using software like deep fake, voice change, and 2D/3D masks to trick the verification process. This helps them illegitimately onboard the businesses’ platform. However, with authentic biometric ID verification in place, businesses can combat criminal threats. Digital biometric solutions provide the following checks for improved accuracy and legitimate customer registration.
Businesses are using voice recognition to verify customers. Criminals faking their identities and documents are less likely to pass voice recognition. Moreover, this type of biometrics help businesses authenticates customers in less time.
Facial Feature Verification
In facial verification, the system asks the customers to upload a real-time selfie or video. After submission, the AI-powered tools amp the face and cross-verify it with one on documents. Facial features are unique and hard to replicate, making this type of biometric verification reliable. Moreover, mobile companies are also giving facial recognition as a method to unlock devices. Similarly, e-commerce platforms allow customers to scan their faces, place order, and make payments.
According to Federal Trade Commission (FTC), over $2.3 billion of losses were because of imposter scams. This figure has increased from $1.2 billion in 2020. Therefore, businesses require facial biometric verification to accurately validate customers.
DNA and Vein Pattern Scans
This type of biometrics scan the DNA of customers. Criminals may succeed in camouflaging facial features by using 2D/3D masks but can not replicate DNA. adding to this are the vein pattern scans. These are somewhat similar to DNA as criminals can not create fake vein patterns. This is why DNA and vein pattern scans are preferred as authentic checks for identity verification. Law enforcement agencies are currently using these scans to trace criminals and keep track of their activities.
Retina and Iris Identification
Iris and retina scans are other types of biometrics. These analyze the blood vessels and vein patterns in the eye. If criminals are contact lenses or wearing glasses, AI-enabled verification services will verify their identities in real-time. Industries like security, surveillance, and intelligence are using retain and iris scans to restrict illegitimate access of criminals.
Liveness detection refers to the analysis of customers’ surroundings. The system asks the customers to upload a real-time selfie or in some cases, a video. It then verifies customers by detecting the object around them. This way it verifies their claim of existence in the real world.
Biometric User Authentication – Uplifting the Businesses’ Operations
Businesses are readily adopting biometric user authentication solutions because they are convenient, accurate, and uplift businesses’ authenticity. Biometric-based customer verification has the following benefits:
Provide Data Privacy and Security
As technology advances, criminals are using complex methods to dodge the verification processes. This makes it tough for industries to keep their customers’ data secure. Therefore, industries need to employ biometric security systems so that no imposter onboard the platforms. Furthermore, this will not only help protect customers’ information but also save resources and manpower.
Detect and Deter Fraudulent Attempts
Traditional verification methods are outdating because they are prone to human error and provide less accuracy. Furthermore, they involve data discrepancies which leave the businesses’ reputation questionable. Ultimately they will face customer dropoff. Therefore, they should improve their registration and login process from passwords to biometric recognition. Shufti Pro Funding indicates that biometric customer verification systems can combat even the hardest tries of fraudsters.
Authenticates Customer Verification
Industries like travel, security, healthcare, and e-commerce are incorporating biometric screening for authentic customer onboarding. For instance, the travel sector is using biometric passports for seamless and quick passenger verification.
In the End
Biometric recognition technology scans unique biological and behavioral traits, for instance, fingerprints, retina or iris, DNA, voice, and facial features. These features are impossible to replicate which helps businesses to combat criminal activities. Biometric screening not only detects fraudulent attempts but also restricts fraudsters and imposters from registering on online platforms. Therefore, these services are widely accepted by industries as ideal solutions to mitigate criminal threats.