A report from the Federal Trade Commission noted an increase in incidents of identity theft and digital fraud. Such incidents include attacks that took advantage of the current coronavirus pandemic situation. Unfortunate events like these underscore the importance of putting in place better digital identity verification solutions sooner rather than later.
It is painful to see businesses struggling to quickly adapt to the demands of the new normal, driven by the hopes of protecting their causes, as well as saving jobs and people along the way. Meanwhile, cybercriminals are taking advantage of the world’s unpreparedness to combat a crisis of this magnitude.
When it comes to digital identity verification, for instance, the act of manually inputting personal data exposes people to the risk of being attacked by cybercriminals. The presence of that kind of risk is one of the factors that contribute to the need for secure, faster, incorruptible and reliable digital solutions.
Otherwise, more and more businesses will continue losing potential profits and loyal customers due to their failure to properly verify through online means that their customers are who they claim to be. By extension, businesses experiencing such kind of limitation are similarly failing to provide a safe digital environment that could make a great customer journey possible.
It is clear that businesses could benefit from digital identity verification solutions like those that would require data that are relatively harder to forge or steal. Solutions like that will not only be good for the business per se. Instead, most importantly, they will also provide protection which is something the customers deserve.
Improved digital identity verification solutions are important today and most especially after the pandemic. That is because we should all be progressing toward not just a new normal, but a better one at that. The challenges of the current pandemic must serve as reminders for all concerned to start working towards that kind of future now instead of later.
