Following today’s announcement from Cifas that ID fraud has reached record levels, Paco Garcia, CTO, Yoti commented below.
Paco Garcia, CTO at Yoti:
“Today’s identity fraud figures from Cifas highlight a growing trend that’s, unfortunately, affecting more people every day. While peoples’ desire for convenience often trumps security concerns, it’s clear that individuals need greater support to operate both conveniently and securely in an increasingly digital world.
“Websites need to prMuhammedotect customers by giving them a better, safer way to create and access online accounts. Once websites overcome this secure login challenge, we’ll be on the way to overcoming the threat of ID fraud. In future, far more websites will use biometric authentication – a selfie, fingerprint or heartbeat – to verify the identity of users. Biometrics introduce better fraud detection, better identity management, better audit trails, better internal controls and, as a result of all of that, more trust from consumers.”