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What is OneTrustID ?
OneTrustID is a cryptographically generated identity that is a combination of biometric verified government-issued identity, national identity, and a cryptographically computed unique identity that is unique to an individual. OneTrustID uniquely identifies a country’s citizen and can safeguard your identity and ensure the integrity of your online transactions. It uses a combination of Government issued Biometric ID, and a trusted digital certificate that only identifies you. It uses a combination of a private key and a public key with cryptography technology.
How does it work ?
A unique digital signature is generated when you purchase renewable every year. You can use this OneTrustID to safeguard your sensitive information, Bank account from both internal and external threats. Link your OneTrustID to your account and only you can securely transact business in your account or sign sensitive documents. OneTrustID ensures confidentiality, integrity and non-repudiation by replacing your personal identifiable information (PII) with cryptographic digital signature using a combination of the public-private key.
Can digital signature help prevent identity theft
Yes, a digital signature can help prevent identity theft by providing a way to verify the authenticity of electronic documents and transactions? A digital signature is a type of electronic signature that uses cryptographic techniques to provide proof of the signer’s identity and to ensure the integrity and authenticity of the signed document.
When a person signs a document with a digital signature, the signature is created using their private key, which is unique to them and cannot be replicated by anyone else. This ensures that the signature is genuine and cannot be forged.
Digital signatures can also help prevent identity theft by providing a secure way to exchange sensitive information, such as financial data or personal identification information, without the risk of interception or tampering. The use of digital signatures can also help prevent phishing attacks, as they can be used to verify the authenticity of emails and other electronic communications.
Overall, digital signatures can be an effective tool for preventing identity theft and ensuring the security and authenticity of electronic documents and transactions.
Use Case For Digital Signature
- Contract Documents – Loan, Mortgage, lease , IOUs any other paper based document that requires a personal signature
- Bank Transactions- Prevent insider theft
- Notary Public
- Employment Background Check
- Digital KYC for Banks, Insurance, University Exam Bodies, Hospital Admissions,