Digital mobile ID and mobile security ID wallets are revolutionising the dynamics of digital security in today’s hostile threat landscape. From contactless ID verifications and validations to a single sign-in method for various digital accounts, mobile ID is on track to reimagine digital accessibility, privacy and security.
What Exactly is Mobile ID?
Mobile ID is a form of digital identification that uses your smartphone as a way to verify your identity. Mobile ID can be used for things like contactless payments, logging into accounts, and even accessing physical buildings. The benefits of using mobile ID are that it’s more convenient than carrying around a physical ID, and it’s more secure because it’s harder to fake. In the future, we’ll likely see even more uses for mobile ID as it becomes more widely adopted.
Mobile Security & The Rise of Mobile ID Apps/Wallets
According to experts, mobile cyberattacks surged over 500% as hackers try to steal passwords, bank details, and other sensitive data stored in mobile devices — making mobile security more imperative than ever before. Additionally, experts report that every 4 out of 10 smartphones are vulnerable to modern threats — making 40% of mobile users prone to data breaches.
In a world where data breaches are becoming more and more common, it’s no surprise that people are looking for ways to beef up their digital security. One way that’s becoming increasingly popular is through the use of smart mobile ID apps. These apps allow users to store their personal information, like their driver’s license or passport, on their smartphone. Then when they need to verify their identity they can simply pull up the app and show their ID to whoever needs to see it. And since most of these apps also provide two-factor authentication, anyone trying to access someone else’s account will have a hard time doing so without the appropriate credentials.
Mobile IDs also facilitate a seamless connection of citizens to the Government entities. According to Statista, in 2021, the number of mobile devices operating worldwide stood at almost 15 billion, up from just over 14 billion in the previous year. The number of mobile devices is expected to reach 18.22 billion by 2025, an increase of 4.2 billion devices compared to 2020 levels. This increase in mobile devices also indicates a critical requirement for a higher digital security as an increasing number of devices gets connected and more data is stored in these devices. Mobile ID smart applications have the ability to push the capabilities of modern smart devices by leveraging them for both digital and real-world authentication.
How Does Mobile ID Apps work?
The information we store on our mobile devices has taken the forefront of many digital interactions, from financial transactions to medical data and even social media contacts. However, the amount of sensitive data present on our devices makes them an easy target for malicious entities looking to steal and exploit our private information or compromise our identities with unsolicited contacts, texts, emails or phone calls.
Digital identity and mobile ID providers are improving the security in digital transactions by replacing the traditional username-password combination with their mobile ID app, which allows users to validate their identity via biometric authentication, such as fingerprint scan, facial recognition or iris scan. Mobile ID provides an added layer of protection against cyber-attacks, by validating the user’s identity before a user can log in to any digital service or website.
Mobile ID and Its Use Cases
A mobile ID identifies a person and can be used for logging into a variety of digital applications. It’s helpful in streamlining access to multiple platforms that require identification, especially those dealing with confidential data such as healthcare, banking and national security. Mobile IDs work via an app on your smartphone or tablet, which means they are easy to download and install via stores such as Google Play or Apple Store. Top three use cases of mobile ID apps or ID wallets include:
- User identification/ID proofing: By using Government-backed Mobile IDs, citizens can verify both their digital and real-world identities in real-time.
- Digital authentication: A mobile ID grants users the access to a variety of online platforms via single sign-in method without having to create or use traditional passwords.
- Digital signature: Users can use their mobile ID (that is equipped with PKI technology) to sign documents in a few clicks digitally.
What does the future hold For mobile ID?
Mobile Identity Management is becoming more important than ever as adversaries continue to target vulnerable IoT device users. Mobile ID shows great promise when it comes to improving mobile and digital security. With that being said, the future of mobile ID looks bright, as it offers a more convenient and secure way to verify your identity and access your accounts.
With the added bonus of being able to use your mobile device as a digital wallet, mobile ID is poised to become the go-to method for managing your online identity. As we move into a more connected world, mobile ID will only become more important in safeguarding our information. Leading financial institutions are already using this technology to provide better protection from fraud and theft. However it’s not just banks that have embraced mobile ID – large retailers like Walmart are also using this technology for its customers’ safety. What does the future hold? More financial institutions, retailers, and organisations across industries are expected to adopt this technology over time!
The use of digital mobile IDs and mobile wallets are on the rise as people are looking for ways to streamline their lives and reduce the amount of physical items they have to carry with them. Mobile ID apps offer a convenient way to store your identification information and other sensitive data, as well as providing a single sign-in method for various online accounts. This enhances security by making it more difficult for hackers to access your personal information.
Furthermore, this means that even if you lose your phone or have it stolen, there is no need to worry about any of your personal information being compromised because the phone cannot be accessed without a PIN or password. Furthermore many banks and financial institutions also now allow customers to set up alerts when certain transactions take place in order to help monitor spending habits and prevent identity theft.
Interested to hear more about mobile identity? Get in touch with us to explore Build38’s mobile identity solutions.