Identity Document Authentication

As of 2024, identity fraud in the United States remains a significant threat, with cases continuing to rise.

In 2023, identity fraud losses exceeded $43 Billion, affecting more than 42 million adults.

Fraudsters increasingly utilize sophisticated methods, including synthetic identities and data breaches, to exploit personal identifying information (PII). Common tactics include impersonation, account takeovers, and the use of fake IDs. Financial institutions report millions of suspicious activities tied to identity exploitation, highlighting the urgent need for enhanced verification and authentication processes to combat this pervasive issue

How can businesses protect themselves from the onslaught of identity fraud? By making sure that all customers' identity documents are 100% genuine. While the criminals may have figured out a way to get their hands on real customers' information, they haven't figured out a way to exactly replicate genuine identity documents. By making sure that customers present with genuine identity documents, you can make sure that customers are who they say they are.