Some Facts About Biometric Security

In current information, South Africa has been shocked by numerus circumstances of id fraud within the telecommunications, e-commerce, and monetary sectors.

The South African Fraud Prevention Service (SAFPS) has indicated that there have been main will increase in situations of id fraud, with impersonations up by 337%.

“Biometric identification presents companies and in the end customers the power to guard their funds and their precise id as effectively,” says Gur Geva, founder and CEO of iiDENTIFii. “It's useful for the general public to know parts of facial authentication and the way it provides an additional layer of safety.”

Geva explains that there are aspects of biometric id and safety that should be explored so organisations and customers can see the constructive attributes the business has to supply.

As the extent of situations of id fraud are on the rise, so are the assorted applied sciences used to fight these points. The Affiliation of Licensed Fraud Examiners (ACFE), revealed the 79% of survey respondents have seen a rise in fraudulent actions as of November 2020. This proves that fraud is a worldwide situation and never only a South African downside.

Geva says: “As we proceed to embrace a digital way of life, there are easy steps corporations and people can do to guard themselves, like utilizing biometric safety measures resembling facial verification, limiting the non-public info shared on social media and by requesting encryption on delicate paperwork like financial institution statements.”

One of the efficient methods companies can mitigate the danger of fraud and shield their prospects is by following the KYC precept.

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