An all-digital world does not mean that crime or crime rates are getting lower. In fact, we have to be more vigilant because there have been many cases of cyber crime. Starting from breaking into personal accounts, entering bank accounts, to manipulating data.
Therefore, we must make preventive efforts by improving our personal data security system. So, how do you ensure the security of personal data in this modern era? Let’s dive in deep in the article below!
Understanding Verification in Personal Data Security
If we talk about personal data security, we have to understand first about the verification process in the system. Verification in personal data security is really important to make sure that no one, except you, cannot access your personal information.
The process of verification includes, verifying personal information, checking the similar documents, and validating the user credentials.
Numerous sectors and industries use identity verification for a number of vital purposes. It is employed in the financial industry to conduct credit checks, onboard new clients, and stop financial crimes like money laundering and terrorism financing.
Common Verification Methods in Personal Data Security
So, what is the form of verification methods in personal data security that we can apply? Here are the explanations:
Traditional Methods
Conventional passwords are the most widely used authentication method. Passwords created by users are safely kept on a server. The password they input is compared to the one that is stored when they log in. They are allowed access if they match.
Traditional methods are still used nowadays as second layer security. Not only that, several applications or systems still use passwords or PIN to ease their access to the data.
Advanced Methods
Advanced methods focus on an indispensable security measure that significantly bolsters defense against identity fraud. If we talk about Two-Factor Authentication (2FA), it requires two distinct forms of identification before granting access.
2FA ensures that even if one factor is compromised, unauthorized users are less likely to gain entry to a user’s account or sensitive data.
Also Read: Biometric vs Traditional Methods: Which is More Effective?
Why Verification Is Essential for Protecting Personal Data
Not only that, verification in personal data security also plays important roles either for personal needs or business. Using the high-detail security system is one of the data security protection for everydays activity, such as:
Preventing Unauthorized Access to Accounts
The most essential thing from personal data security through verification is to avoid unknown access from outside. Hackers or cybercriminals will use any ways to break your system.
That is why you need to apply double protection to your system, such as 2FA, fingerprints, face recognition, and so forth.
Avoiding Identity Theft and Data Breach Risks
Verification in personal data security can be said as a main gate to enter your house. If you have good security, it would be hard for thieves to get your goods.
It is also applied to digital systems where you have to make sure your security system is all good so hackers won’t steal your data. All your data is private because someone can use it for something bad that can endanger you.
Securing Online Transactions and Preventing Fraud
Online transactions nowadays already apply personal data security using face recognition, fingerprints, or even the traditional methods. It happens to prevent an unrecognized person from accessing your bank account or any kind of finance account and stealing your money or using your data to manipulate or apply for a loan.
Also Read: 5 Key Strategies for Payment Fraud Prevention in Financial Services
Statistical Trends in Personal Data Security and Identity Verification
As time goes by, the trend of identity verification is increasing because it is accompanied by increasing cybercrime. Here is the explanation:
Shift Toward Multi-Factor Authentication (MFA)
With this system, you will also be able to access many accounts more easily with just 1 verification, which is biometrics. In fact, you can also have other access besides biometrics as a protective security layer, such as passwords, PINs, and so forth.
Growth of Biometric Authentication
Based on research, statistics shows that the biometric verification is the most widely used technique for confirming an individual’s identity and is based on one or more biological characteristics. Fingerprints, retinal and iris patterns, and other biometric verification techniques are commonly used.
Also Read: 5 Methods Biometric Verification Uses to Stop Personal Data Fraud
Rise in Identity Theft
It will be easier for you to identify hackers or cybercriminals who try to enter. This can happen because the system will immediately match the facial or fingerprint data. If it does not match, other people will not be able to enter and the account will be automatically blocked.