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Fight Identity Theft with Voice BiometricsThe US Federal Trade Commission identified identity theft as the fastest growing crime in the United States, with close to 10 Million victims and over $50 billion in losses. Common verification methods, such as challenge questions and passwords, have proven to be both cumbersome and prone to fraud. Diaphonics provides businesses and government agencies with anti-fraud solutions based on voice biometrics, complemented by voice recognition (voice recognition is also known as speech recognition). Voice biometrics software analyzes caller's voice to confirm identity, thereby providing enhanced transactional security, whereas voice recognition software recognizes spoken words. Simply put, voice biometrics recognizes who you are, and voice recognition recognizes what you say.
Speech recognition software can be used as part of a voice biometrics solution for telephone or Internet transactions. In a typical deployment scenario, the speech recognition software recognizes a claimed identity (via a spoken password or account number), while the voice biometrics software analyzes the caller's voice to confirm identity. This automated solution provides convenient and secure two-factor authentication.
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