What is an Identity Verification Platform and How Does it Help Protect You?

If you’ve ever tried to open a new bank account or apply for a job online, you’ve likely encountered an identity verification platform. You may have even come across one while attempting to set up parental controls on your child’s digital devices. Here’s what you need to know about these platforms and how they can help you protect yourself.

What is an identity verification platform?

An identity verification platform is a technology that uses biometrics and data to verify a person’s identity. It can be used for KYC purposes, fraud detection, and authentication. The platform can also be used to verify your identity when you sign up for certain services. If a company is going to share personal data with you, they need a way to ensure that the person who claims to be you has access.

Why do companies need an identity verification platform?

Identity verification platforms are used to provide an additional layer of protection for companies that need to comply with regulations and verify who they are doing business with. The platform checks the identities of people who want to access company systems, which helps prevent unauthorized access by hackers and fraudsters.

In some cases, identity verification can help companies manage risk by helping them understand what information is being stored in their databases. This is especially important if they’re storing sensitive data like Social Security numbers or addresses because it allows them to follow industry best practices when it comes to cybersecurity and also reduces liability in case something goes wrong.

How to protect yourself from identity theft

Use strong passwords and change them regularly. If your password is easy for someone to guess, then it’s likely that they will be able to use it to gain access and take control of your social media, email account, or other online accounts. You should always make sure that the passwords you choose are long and secure with numbers, letters, symbols, and capital letters too.

It’s also worth considering using two-factor authentication (2FA) on any accounts which support this feature where possible. This means that each time someone tries to log into an account they will need their unique code in addition to their username/email address and password combination before they are allowed access.

Don’t share your password with anyone else – even if they say they promise not to use it maliciously. If someone asks for your password then don’t give it out. Instead, ask them why they need this information so badly before giving up any details at all which could compromise data security.

Also,  don’t click links contained within emails asking for personal information such as usernames/passwords or bank details because these may be phishing attempts designed by hackers who want nothing more than access to sensitive personal data stores.  Finally, don’t give out personal information over the phone unless necessary – especially if there’s no reason given why someone needs such information from you. If people need such information, they will utilize an identity verification platform to collect it from you so that there is no liability on their part and you can be more trusting toward the entity that needs thai information.

Conclusion

After reading this article, you should have a better understanding of how an identity verification platform works, as well as why it’s important for companies to use these services. The goal with all this is to keep you informed about what’s happening in the world around us so that no one gets taken advantage of by criminals who want easy access to their lives or finances.

Post Author: Kyla Drew