Can you recall the last time you opened a bank account? It’s likely you walked into a local bank branch and spoke to a representative who asked for your driver’s license and social security card to verify your identity. Now imagine you want to create a bank account online. The process is likely similar—type in your social security number, take a picture of your driver’s license, and submit both to the bank via their webpage. Seems straightforward, right? Identity verification is important—it protects us from identity theft and reduces the risk of fraud and unauthorized access for organizations
Source: nist.gov