Financial Crime World

Finland Tightens Belt on Online Security with New ID Verification System

In a move aimed at cracking down on online fraud, Finnish authorities have rolled out an advanced identity verification system for all online transactions. The new service, dubbed “Finnish Authenticator Identification Service”, requires individuals to register and verify their identities through a secure app before making any digital payments or accessing government services.

How the System Works

Here’s a step-by-step overview of the Finnish Authenticator Identification Service:

  • Obtain a Unique Identifier: Users are first required to obtain a unique identifier, known as a foreigner’s identifier (UID), which serves as their online identity.
  • Verify Identity through App: The next step involves using the Finnish Authenticator app to confirm one’s identity by submitting a photo of themselves and their passport or national ID card.
  • Cross-Check Information: The app then cross-checks this information against the details provided in the identification documents, ensuring a secure match before granting access.

Added Security Measures

Once registered and activated, users can log into online services using:

  • Foreigner’s identifier
  • Email address
  • Password
  • Application PIN

This added layer of security aims to safeguard Finns from online scams and identity theft, while also providing peace of mind for citizens conducting digital transactions.