Guide: What is digital identity verification and how does it work?

Guide: What is digital identity
verification and how does it work?
If you've ever asked yourself, "What is digital identity verification?" or wondered what best
practices can be found in the industry, then this article is for you.Throughout this guide, we
investigate the various regulatory and technological frameworks that affect online identity
verification and the methods that can be helpful to your company during the onboarding
process for new customers.
What is identity verification?
Identity verification is necessary to ensure that one's identity is supposed to be. Identity
verification solutions involve comparing the unique set of traits and characteristics
associated with a person with those who claim the same. Identity verification is essential to
ensure that the actual person is behind the process and prevent fraud through authentication
and authorization. In most scenarios, authentication is a crucial requirement, whether online
or offline, such as online or offline banking, flight bookings, or passport applications.

What is digital identity verification?
In the digital age, digital identity refers to the way you represent yourself online and how you
are electronically documented through social media logins, business email addresses, or
personal email addresses. In short, it is the process of validating the traits or characteristics
that identify a person and, through computer technology, validating that they are who they
claim to be.
Why is digital identity verification necessary?
As technology has helped us perform complex tasks like the wind, the cybersecurity threats
it poses cannot be ignored. Every year, billions of people who compromise their identities as
cybercriminals are constantly on the lookout for fragile networks that are easy to bypass. In
other words, a poor authentication or a loophole within the entire Identity Verification solution
system can be fatal to the organization. Hackers can impersonate online users and gain
access to sensitive business information, reusing it for various purposes. As a result, a more
stable line of defense in digital identity verification is becoming necessary today as
businesses lose millions in financial losses and brands are damaged by the increasing
number of identity thefts.
How does the digital identity verification process work?
Identity verification solutions work by adding easily accessible proof of identity (e.g.
biometrics or identity documents) with validated records (e.g. the goal is to verify that
someone is who they say they are. Different identity verification methods help verify a
person's identity, and each works differently.

Let's take a look at each of these methods:
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ID Document Verification: Checking the validity of identification documents (e.g.
driver's license, passport or official identification).
Biometric verification: A selfie serves as a biometric verification tool to ensure that
the person presenting the ID is the same as the person whose portrait appears on
the ID.
Live Detection: Detects fake attacks such as face masks or fake images to
determine if the selfie is genuine.
Knowledge-based authentication (KBA): A type of authentication based on user
knowledge, e.g. from the applicant's credit file, to generate questions outside the
portfolio.
OTP Verification: Candidates receive a one-time password via SMS or email during
the verification process.
Database Method: Using information from social media, offline databases and other
sources to verify candidate information.
Conclusion
Companies that fail to win consumer confidence gradually lose business. This could be the
reason why robust Identity verification solutions should be used. As cybercriminals efficiently
use inappropriate authentication systems, the result is compromised user identity and brand
stigma. Organizations should consider relying on a robust CIAM solution that will help
protect user identities without compromising user experience. A Face recognition company,
Camvi's state-of-the-art Identity verification solutions are probably the best choice for storing
essential user data and offers a robust authentication mechanism backed by a great user
experience.