Anyone interested in tax fraud—a true financial identity challenge that is timely right about now?
authID recently shared a link to an Identity Week article on the topic, “Americans express concern about their personal data in tax fraud.” The article addressed findings from Allstate Identity Protection.
“40% of cases where Allstate restored identity protection were reported during the tax season.”
Granted that this is a skewed number, because tax season is 2 1/2 months long, and not all identity fraud during the period has to do with tax filings. But there does appear to be an uptick.
And Allstate isn’t the only organization providing an anti-fraud solution. The aforementioned authID has a solution of its own:
“Our multi-layered biometric authentication technology provides the security needed to protect sensitive financial transactions with one-in-one-billion false-match accuracy and lightning-fast processing speeds. Our innovative PrivacyKey™ technology eliminates biometric data storage risks, helping financial institutions implement robust identity safeguards during high-risk periods like tax season.”
(Hands holding 1040 form AI picture from Imagen 3)
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