The headlines are filled with stories of millions of people falling victim to identity theft. In the past six years, identity thieves have stolen over $107 billion in the U.S., according to a 2017 Identity Fraud Study. These numbers and topics can cause paranoia and sometimes that is healthy, but when it inhibits a business’s customer access to goods and services, it must strike an efficient balance.
Fraudsters are getting creative, but so is technology. Document verification compares an image on the ID card to a facial check. This ensures the user is in the moment and not duping the authentication. Facial recognition analyzes many points in the T-Zone of a person to highly assert a users’ identity when comparing images. We believe this should be the standard for verification and will eliminate most types of fraud.
Download this white paper to learn more.