Fighting identity theft and identity counterfeiting
Rising identity theft presents the need for highly secure, full-life-cycle verification technologies that can detect someone using another individual’s identity. At the same time, combating identity counterfeiting – or synthetic identity fraud – requires the implementation of state-of-the-art security features. The U.S. Federal Trade Commission received more than 2.1 million fraud reports from consumers in 2020, according to newly released data,1 with impostor scams remaining the most common type of fraud reported to the agency. A recent survey by Experian showed that 33% of respondents were concerned about identity theft, up from 28% pre-pandemic.2 With credit card fraud being a primary issue, the stealing of personal information also impacts credit reports and can be a cover for potentially more serious crimes. Identity-related crimes are trends that concern both officials and the general public alike.
There are many ways to fight identity theft including biometric technology, pattern recognition, facial recognition, and smart software systems. However, key weapons in the arsenal are advanced ID cards and advanced authentication hardware and software. Veridos offers these in its identification cards, which makes fraud difficult, protecting potential victims from fraudulent activities and providing secure identification for law enforcement agencies.
E-Seek, a Veridos subsidiary, offers high-quality, efficient products to verify people’s identity and counteract identity counterfeiting. Its solutions are suitable for a range of different situations, from airports to traffic incidents, and can handle a range of IDs, including passports, permits, and licenses. These ID verification tools can make a significant difference to fraud detection levels. Secure ID combined with rapid verification technology assists governments in their quest to stay one step ahead of the fraudsters and should be a requirement in every state.