Leveraging Big Data For More Accurate Id Verification

In an era of increasing identity theft, traditional methods of identity verification are no longer enough. Big data systems can tap into massive real-time databases and leverage next-gen analytics with machine learning to cross-check details from a ton of sources in seconds. This can help companies thwart identity fraud, reduce risk and costs, and provide customers with an air-tight, yet smooth verification experience. Identity fraud has reached epidemic proportions, with an estimated new victim of identity theft every 22 seconds and total losses estimated at over $10 billion. Big data could be the ID validation game changer we need today.