Identity Proofing: Securing Digital Identities

1
Identity Proofing
Securing Digital Identities
2
What Is Identity Proofing?
Identity proofing involves providing necessary
information (e.g., identity history, documents)
to establish one's identity. It often includes
document-centric verification, where users submit
government IDs, cross-referenced with public
data, and undergo selfie verification for
liveness detection, enhancing security against
fraud attempts.
3
Why Is Identity Proofing Important?
Secure Customer Onboarding
Fraud Prevention
Identity proofing safeguards businesses by
verifying customers' identities, thwarting fraud,
and ensuring secure onboarding.
Combat identity fraud with document-centric
proofing Stop fake identities, prevent stolen
data, and verify real identity.
Faster Onboarding
Ensuring Regulatory Compliance
Identity proofing balances security and user
experience, streamlining verification for genuine
users in the digital era.
Identity proofing aids industries in KYC
compliance, enabling enhanced due diligence and
adherence to strict regulations.
4
How Does Identity Proofing Work
Customer Presence
Data Extraction
Data Collection
Data Verification
Risk Assessment and Decision Making
5
Challenges and Considerations in Identity Proofing
01
Privacy Concerns
Collecting personal data raises privacy concerns.
Businesses must balance identity proofing with
respecting users' privacy rights and establish
clear data storage protocols.
02
False Positives and Negatives
No system is error-proof. Identity proofing can
yield false positives or negatives. Strengthen
with data and adjust risk scoring for better
accuracy.
03
Evolving Threat Landscape
As tech evolves, cybercriminal tactics advance
(e.g., deepfake, synthetic ID, AI fraud). Choose
platforms with updated tech to combat emerging
threats.
6
Contact Us
1 [phone]
info_at_ftxidentity.com
www.ftxidentity.com
146 Rock Hill Drive, Rock Hill, NY 12775