In a world where business data breaches and identity fraud are persistent, it is important to safeguard your customers against fraudsters. When designing or upgrading your website, consider how users access data and how you can protect them. For your next online enhancement, consider implementing these four cybersecurity measures.
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1] ID Verification
In 2017, identity fraud jumped 8% over 2016 numbers, impacting 16.7 million US adult victims. Adding ID verification where identification cards are scanned, checked by data readers, and verified will assure your customers their information is protected. Requiring the presentation of an ID will also deter fraudsters.
Either your in-house software or user software will be equipped with a camera to acquire images of an ID. Choosing software that captures a high-quality image will ensure the information can be processed accurately.
The system will then quickly analyze the data, checking for fraudulent elements like missing watermarks or inscriptions. Once the ID meets all verification traits, it will be confirmed in real time to grant customers access to their accounts.
2] Identity Verification
In this form of verification, you are safeguarding customers against fraudsters who possess a copy of their physical ID with an added level of biometric authentication. By asking for a photo, you can conduct a validity check in real time to compare the user to their file.
Liveness detection is a perk to consider when choosing identity verification systems. This feature marries the expertise of live verification experts with artificial intelligence in one easy-to-use technological feature.
Think of this as adding a selfie component that enables your organization to compare a customer to the information on file.
3] Document Verification
Like the process of ID verification, document verification relies on capturing an image, extracting data, and comparing the acquired information to a database for authenticity.
Adding this element to your website enhances your ability to protect customers from fraudulent use of sensitive documents like bills and bank statements. Utilizing document verification enhances data comparison and user validity in connecting information through multiple channels.
4] Secure Data Storage
Unsecured storage systems, or those that have loopholes in privacy or data sharing policies, are susceptible to being accessed by people without authorization.
When there is a breach, consumers are subject to an increased likelihood of fraud. When working with sensitive data, you need secure, encrypted storage systems.
Data storage is the archiving of electronic information, and encryption of those files secures them. While adding verification processes to your customer interface will enhance your ability to safeguard your customers from fraud, securing that information must be a priority to prevent a data breach.
The greatest benefits of adding verification systems to your cybersecurity measures include catching fake documents in real time, meeting compliance mandates, and simplifying customer experience.
As you build these components to your existing customer interface, inform them of the changes and explain how they are protected with each addition.