Online identification refers to any bit of information associated with a specific individual found on the internet. While online identification is most often connected with entire personal accounts, such as banking profiles, it can consist of any personally identifiable information.
With the number of online services growing notably in recent years, online identification has become increasingly important. Previously, an individual may only have provided personal information for something like an email account. Today, however, online identification plays a key role in the delivery of age-dependent services like gambling sites, as well as allowing individuals to safely manage data relating to financial, medical, and many other industries.
Today, online identification is well established and an essential component for many businesses that need to be able to verify the identity of their customers, clients, or employees.
Although the terms identification, verification, and authentication are sometimes used interchangeably, they are actually slightly different. Identification simply refers to the act of claiming an identity. Verification, meanwhile, goes a step further and looks for a high degree of confidence in a person’s identity - perhaps through government-issued documents. Finally, authentication looks to re-validate an individual’s identity each time they use a particular service.
As new digital identification solutions have been developed, organizations have gained access to an increasingly diverse collection of tools with which to check the identities of particular individuals. These include the following:
Online identification is the bedrock that underpins the modern digital economy. Being able to reliably authenticate users means businesses and consumers can trust that the individuals they are engaging with are who they say they are. Without this trust, banks, healthcare providers, social networks, forums, and a whole host of other online services could not guarantee privacy or security. Cybercrime continues to plague the online world, costing the global economy $6 trillion. Robust online identification can help bring this figure down.
As well as solidifying trust in online services, online identification provides several other benefits. For example, some incorporate age verification tools for businesses that only sell products to consumers above a certain age. What’s more, by employing a user-friendly, one-click verification tool, online identification can provide more certainty for businesses and increase conversion rates.
At CM.com, we use iDIN, and a number of other online identification tools to ensure businesses and consumers can enjoy the benefits of the digital economy in a simple and secure manner.
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