In many organizations, the raw data that represents identities and relationships already exists. The problem with most systems is that there is no simple way to manage, analyze, and resolve the volume of data that you need to gain the maximum insight from it.
This is especially challenging with biometric data – to solve for authentication and identity verification, but also address the risks that come with having, obtaining, and using that data in specific and protected ways. To Democratize Biometric Identity , Organizations must implement robust data protective measures.
Biometric data for Identity Resolution
Biometric technologies provide a means to establish the identity of persons based upon one or more physical or behavioural characteristics. Examples of physical characteristics include fingerprint, face, and iris of the eye etc. Biometrics is a secure and reliable way for Identity resolution as the data on your one-of-a-kind physical traits can’t be lost, replicated, or guessed. This protects the target system from fraud on both ends.
Challenges associated with Biometric data
Facial recognition technology is being increasingly adopted for identity resolution. The facial recognition market size is projected to reach $12.67 Bn by 2028 from $5.01 Bn in 2021; it is expected to grow at a CAGR of 14.2% from 2021 to 2028. This increase is also steered by significant demand from governments and law enforcement agencies to enable Facial Recognition Technology in criminal investigations and other security-related activities. As this technology push forward , it is critical to address the regulatory compliance and privacy concerns associated with biometric data such as facial imagery. Organizations are also compelled to apply strict rules regarding the capture, storage and sharing of facial Images and other biometric information.
The Key risks associated with biometric data,
- Biometric data is personal and unique to each individual. encrypting biometric data is complex,
- Unprotected biometric data may get exposed to unauthorized access and misuse, potentially resulting in identity theft or fraud.
Identity and Relationship Resolution: levelling up to meet expanding privacy regulations
Identity resolution helps organizations solve business problems related to recognizing the true identity of someone or something ("who is who") and determining the potential value or danger of relationships ("who knows who") among customers, employees, vendors, and other external forces.
Mr. Joseph Carbella. Mr. Joey Carbello Mr. Joe Carbello Mr. Joe C Jones
Joseph Carbella. Tom Sinclair Victor Martin Joshua Clark
Arrested while driving an automobile owned by…. Who listed the same address as… Suspect in the armed robbery of a state armory. Listed for funding terrorist activities.
IBM Infosphere Identity Insight for Identity and Relationship resolution
IBM Infosphere Identity Insight helps organizations solve business problems related to recognizing the true identity of someone or something ("who is who") and determining the potential value or danger of relationships ("who knows who") among customers, employees, vendors, and other external forces. IBM Infosphere Identity Insight provides immediate and actionable information to help prevent threat, fraud, abuse, and collusion in all industries.
With IBM Infosphere Identity Insight, organizations can manage, analyze, and integrate data in real time from any source, such as customer databases, vendor lists, employee databases, regulatory compliance lists, and streaming data feeds. IBM InfoSphere Identity Insight sends real-time alerts to analysts, security, or other personnel for further investigation. IBM InfoSphere Identity Insight can also help identify the network value of customers or their market segments, based on a comprehensive view of the customer.
Using IBM InfoSphere Identity Insight, organizations can construct a central, dynamic entity database that can be used as a platform for all their knowledge-based applications. IBM InfoSphere Identity Insight integrates with other enterprise systems through a wide variety of protocols and technologies.
"Attain Insight Intrinsic" takes IBM Infosphere Identity Resolution Technology solution to next level
Attain Insight is one of the IBM’s trusted Business partner. Attain Insight Intrinsic solution is a significant breakthrough for organizations that work with biometric and facial recognition data Facial recognition technology.
Data anonymization: Attain Insight Intrinsic ESA solution provides a privacy protection component to address the limitations with facial recognition and other biometric data collection This new functionality allows organizations to remove personally identifiable information (PII) from biometric data without losing match fidelity. Organizations can now take specially anonymized biometric data including facial recognition data and still achieve high accuracy matching.
Other offerings included as part of Attain Insight Intrinsic ESA solution are:
- IBM Infosphere Identity Insight for Identity Resolution
- IBM InfoSphere Global Name Management to manage, search, analyze, and compare multicultural name data sets by leveraging culture-specific name data and linguistic rules
- Enterprise Analytics solution that supports large-scale and controlled distribution of intelligence and insight with ease.
- Geospatial Intelligence
- Access management
By engaging IBM and Attain Insights, Enterprises can now realize the value of Identity resolution as a means of attributing customer interactions with their business across all touch points.
Reference links
https://www.einpresswire.com/article/698571562/attain-insight-unveils-a-significant-innovation-in-privacy-technology-for-facial recognition-and-biometric-data
https://www.prnewswire.com/news-releases/facial-recognition-market-size-worth-12-67bn-globally-by-2028-at-14-2-cagr---exclusive-report-by-the-insight-partners-301489784.html
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