A proper and secure identity verification enables interoperability, instantaneous identification and swifter methods of transferring important information.
According to Reuters, patients’ medical information is 10 times more likely to be on the black market than their credit card data.
In 2018, the healthcare sector saw 15 million patient records compromised in 503 breaches, three times the amount seen in 2017, according to the Protenus Breach Barometer. But just over halfway through 2019, the numbers have skyrocketed with potentially more than 25 million patient records breached. Healthcare is proven to be very vulnerable and is thought to be the biggest honeypot for data breaches.
A one-stop digital identity solution / know your customer (KYC) system can improve the flow of information and avoid information breaches or loss. Medical providers can ensure patients are who they claim they are, the information provided is accurate without being tampered, hence to ensure that the right person is receiving treatment or advice
In the patient’s perspective, safe digital identity/ KYC solutions are required for the healthcare industry to enable patients and medical professionals to adequately identify themselves and to reduce or eliminate the chance for fraud to take place.
In general, a digital identity enables users to be in control of their own data and decide who to share their information with. This helps regain public trust in the healthcare industry after numerous data breaches in the industry.
Through Blockpass KYC Connect® not only is it possible to prove identity instantly and securely, but the user is put in control of their own data. It provides fast, efficient and effective KYC so customers can be identified and onboarded to new services instantly.
Blockpass also has expanded the type of information to medical data and healthcare records to be included in the user’s profile, which will allow them to choose to share it with other medical professionals or with other businesses that require it. Blockpass is working with Edinburgh Napier University through the Blockpass Identity Lab to develop a groundbreaking data privacy model, which will allow people to prove or verify information without exposing it should they wish to keep it private.