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Identity & Document Fraud Prevention

Protect your business against all fraud risks.

How to detect fake ID Document and prevent Identity Fraud?

Document fraud has become the third largest criminal industry in the world. It costs the global economy billions of dollars each year. They are countless amounts of fraud: to stay in a country illegally, to flee arrest, to steal someone’s identity for profit, to deceive someone, etc.

With Internet and remote onboarding, online document fraud has increased. States and organisations, that issue identity documents, have always made use of security techniques to fight identity fraud. But sometimes this is not enough. Fraudsters are developing more sophisticated techniques.

Fraud: what are the risks for the company?

42 billion dollars, this is the amount of losses estimated for companies that are victims of fraud between 2018 and 2020. And customer fraud is at the top of the list, with nearly 35% of fraudulent acts recorded, a share that is constantly increasing.

Although customer fraud is mainly present in the world of financial services and online commerce, it is affecting more and more sectors of activity that are tending to become digital, with varying degrees of impact.

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Administrative Penalties

Failure to verify the identity and eligibility of a person (client or staff member) can lead to fines, convictions or withdrawal of accreditation.

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Financial and Material Losses

Lapsed contracts, commitment of costs or delivery of materials or services without the possibility of recovering the loss of profit in terms of turnover.

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Reputation and Brand Image

Beyond the financial and administrative risks, fraud can also tarnish and tarnish the company's image, and impact the morale of your employees.

Why and how to fight fraud?

47% of companies have been victims of fraud in the last 24 months: they need to be vigilant and protect themselves against identity fraud. It becomes essential to integrate fraud prevention services in some industries.

Our identity document verification service is an effective way to verify ID documents. IDCheck.io is able to detect a false ID document in real time. Our service offers an identity fraud prevention. Discover the most common types of document fraud used today and learn the risks involved, ranging from simple counterfeiting to identity theft.

What is Document Fraud?

In banking and public sectors, document fraud is a very real risk, especially in remote identification situations. To counter that, we recommend developing an efficient KYC process.

This type of fraud generally involves identity theft. Every day, many individuals fall victim to identity theft. This generates significant financial and moral costs. These offences are severely punished  by the law. Unfortunately, they are becoming increasingly frequent.

As well as being troublesome for individuals, these frauds cost businesses, and governments thousands of euros every year. To avoid the risk of fraud, it is vital to have processes offering greater security, such as automatic identity checks.

Counterfeiting means entirely reproducing an identity document in full.

Usually, it is simple to detect as the counterfeits are often of a poor quality. Also, they rarely contain all the security features present in authentic documents. However, the technical skills of counterfeiters are rapidly improving. Very well-produced forgeries are beginning to appear.

Counterfeiting is frequently used when creating a customer account on Internet. This is why companies must be particularly vigilant about verifying the identity of their customers. IDcheck.io allows companies to equip themselves with fraud prevention services.

Forging documents includes making changes to an existing ID document.

The changes can be simple (changing a date of birth or expiry date, for example) or more complex. Some fraudsters have even made a specialty of “scrubbing” document. They produce a blank document from an identity document.  The original document may belong to the forger, or it may be a document stolen from or sold by its legitimate holder.

Forgery is the reason behind significant trafficking in stolen identity documents, and it is sometimes very complicated to recognize them with the human eye. Therefore, it becomes essential for companies to have fraud detection software.

An ID document consists of a blank document that is personalised with holder’s information. When the job of personalisation is decentralised, blank identity documents are transported to local authority offices. Fraudsters can intercept the transfer to steal blank documents and personalise them with fake information, producing what is known as a “stolen blank document”.

Identity documents are now mostly personalised at a secure central location to avoid this fraud. But exceptions still exist, including visas. These documents are personalised in embassies and consulates.  This means that stolen blank fraud is a significant concern for this type of document. This documentary fraud is very technical. To detect them, enhanced fraud prevention services are needed.

Identity theft cannot be detected simply by checking the identity document. In fact, a genuine document is presented by a person who is not the legitimate holder. Identity theft can only be detected by cross-checking.

When creating an online account, it is necessary to develop an enhanced identity check. With our ID verification solutions, we check your customer’s ID, but we also verify if the person if who he/she claims to be. We combine ID verification with our facial recognition service. We can also increase our ability to guarantee the identity of the bearer with liveness detection.

Integrating IDCheck.io into your services thus helps to combat identity theft.

Pseudo documents

What we call a pseudo identity document is a document created from scratch by the counterfeiter, without reference to an existing identity document template. It naturally has no value, but may sometimes be accepted as an authentic document by a non-expert. Among the best-known pseudo documents include the World Passport.

Fraudulent procurement

In this last case, detection is more complex. Because it is a real document obtained fraudulently. An initial document fraud is used to produce false supporting documents that are then used to obtain a real document. This is sometimes referred to as a FOG (fraudulently obtained genuine) document. The identities it represents may be invented or stolen.

IDCheck.io to avoid fraud risks

Whether it’s structured documents (ID card, passport, visa, driving licence, health insurance card) or unstructured documents (proof of address, IBAN, salary slip, etc.), IDCheck.io is able to verify the veracity and authenticity of nearly 5,000 documents worldwide!

ARIADNEXT is committed to Fintech, AssurTech and other telecom operators and offers solutions to prevent online fraud: payment, identity theft and document forgery.

Want to know more about our identity verification solutions?

We will be happy to discuss your project.

Our resources on Fraud

Younited Credit Customer Onboarding Fraud

Younited Credit integrates IDCheck.io to improve customer onboarding & reduce fraud

As a financial player, and more specifically as an online credit service provider, Younited Credit aim to improve customer onboarding while reducing fraud.

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