Bye-bye identity theft: how biometrics can revolutionize security

According to information published on the www.techradar.com page.

With the ongoing Coronavirus pandemic, people around the world are increasingly relying on e-commerce to purchase their day-to-day essentials. This has led to a rise in the sharing of personal information online, making individuals more vulnerable to identity theft. However, the use of unique biometric identifiers can help create verified digital identities for consumers, which can effectively prevent identity fraud. Self-sovereign identity technology can also assist in giving consumers ownership and control over their personal data. 

Unfortunately, fraud has become a common issue during the pandemic, and it looks like it will be a permanent fixture in the new normal. According to consumer reporting agency Experian, fraud has increased by 33% in the UK alone since April, with fraudulent credit card applications being one of the main infractions. On a global scale, phishing attacks – where attackers trick victims into revealing personal information – have increased by 600% in the first quarter of 2020. These attacks are often a precursor to credit card fraud, where attackers steal identification to use in fraudulent applications.

Source: https://www.techradar.com/news/how-biometrics-can-put-an-end-to-identity-theft

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