KYC For Healthcare
Secure Digital Identity Verification for Healthcare Compliance
A proper and secure identity verification enables interoperability, instantaneous identification and swifter methods of transferring important information. The healthcare industry requires the sharing of a large amount of personal information, which can range from financial to medical to identification details to addresses.
How Digital Identity Solution Can Help?
- A one-stop digital identity solution / know your customer (KYC) system can improve the flow of information and avoid information breaches or loss. Medical providers can ensure patients are who they claim they are, the information provided is accurate without being tampered, hence to ensure that the right person is receiving treatment or advice.
- In the patient’s perspective, safe digital identity/ KYC solutions are required for the healthcare industry to enable patients and medical professionals to adequately identify themselves and to reduce or eliminate the chance for fraud to take place. .
- In general, a digital identity enables users to be in control of their own data and decide who to share their information with. This helps regain public trust in the healthcare industry after numerous data breaches in the industry.
According to Reuters, patients’ medical information is 10 times more likely to be on the black market than their credit card data.
In 2018, the healthcare sector saw 15 million patient records compromised in 503 breaches, three times the amount seen in 2017, according to the Protenus Breach Barometer. But just over halfway through 2019, the numbers have skyrocketed with potentially more than 25 million patient records breached. Healthcare is proven to be very vulnerable and is thought to be the biggest honeypot for data breaches.
BLOCKPASS
A Complete Solution Portfolio
Blockpass offers a multi-product portfolio that allows merchants to choose the scale of solution that applies to each business and jurisdiction. Whether a business wants only Face Match certification, or if they also require KYC, AML or enhanced SLAs, Blockpass is able to offer a full range of identity verification solutions.