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

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.