eKYC Explained: The Road to Ultimate Digital Onboarding

One thing’s sure. We live in a modern age of technology that has many perks. With the help of the internet, you can find an answer to a complex question in seconds. Such power comes with risk. Today, one of the most talked-about topics is data breach and how the numbers of identity thefts and …

Gabija Stankevičiūtė
International Fraud Awareness Week

Fraud Week: What Is It and Why It’s Important

The discussion about fraud is ever-present in various industries worldwide – and for a good reason. Throughout the years, we, as a society, began to value transparency and fairness to a much greater extent than we did before. Fraud is directly opposing these values, and the demand for attention and prevention of fraud is rising …

Gabija Stankevičiūtė
10 Tips for Successful Identity Verification with iDenfy

10 Tips for Successful Identity Verification with iDenfy

Richard A. Clarke, the former US National Coordinator for Security, once said, “If you spend more on coffee than on IT security, then you will be hacked.” The statement seems relevant in the current scenario. A report reveals that cybercrime damage costs might reach up to $6 trillion annually by 2021. Cybercriminals violate individuals’ privacy …

Gabija Stankevičiūtė
Digital Identity & Customer Relationship

Digital Identity & Customer Relationship

Gone are the days when customers were loyal to one brand. Since they have many options, they can switch to your competitor any time if you don’t provide them with an exceptional user experience. Many businesses don’t realize, but customers are concerned about their data security, and the data protection counts for user-experience. So if …

Gabija Stankevičiūtė
5 Ways Fraudsters perform Identity Theft

5 Ways Fraudsters perform Identity Theft

Every year, numerous businesses worldwide get hit with billions of dollars in losses due to identity fraud. They even don’t realize how they become the victim of identity theft. In this blog post, we’ll make you familiar with common ways fraudsters commit identity theft and solutions to prevent it. Technology has transformed the way businesses …

Gabija Stankevičiūtė
Understanding: Machine Readable Zone

Understanding: Machine Readable Zone

Wondering what is a machine-readable zone (MRZ)? Do you want to know its role in identity verification? If the answer to these questions is “yes.” Read this blog until the end. MRZ or Machine Readable Zone is a particular area in an identity document (passport specifically) that encloses the document holder’s personal data. Nowadays, almost …

Gabija Stankevičiūtė
What is Optical Character Recognition?

What is Optical Character Recognition?

Optical Character Recognition is revolutionizing the businesses of almost all types. In every industry, it plays a crucial role in improving productivity, accuracy, customer experience, and data security. Wondering what exactly it is? Read this post! With emerging technologies, online fraud vulnerabilities are limited to digital assets of businesses. Still, they also target the sensitive …

Gabija Stankevičiūtė
Identity Checks: Fast and Secure Onboarding Process

Identity Checks: Fast and Secure Onboarding Process

Identity checks are essential in modern times for any business. Not only do they help you determine if the information provided to you by your clients or customers is legit or it relates to a real person but also ensure that your prospective clients are not engaged in any fraud activities. Additionally, you avoid hefty …

iDenfy
What is Digital Identity?

What is Digital Identity?

A lot of people don’t know that their digital identity could be vulnerable to identity theft. A cybercriminal might use your crucial information for various illegal acts. If you want to know what digital identity is, what can put it at risk, and how you can protect it, read this blog post till the end. …

iDenfy
What is Cryptocurrency or Digital Currency?

What is Cryptocurrency or Digital Currency?

Over the last few years, the crypto market has come a long way. More and more people are investing in digital currencies, and some are also looking to launch their blockchain-based projects. Every day we see a new crypto project being covered by crypto news blogs and websites. In this blog post, we are going …

iDenfy
What is Deepfake Technology and How is it Used?

What is Deepfake Technology and How is it Used?

The emergence of deepfake technology has become a significant concern for individuals and businesses. In recent years, it has become the favorite tool of fraudsters for obtaining personal information for identity-related frauds. This post will explain what deepfake is, how it is used, and what you can do to prevent it. Fraudsters are becoming innovative …

iDenfy
Artificial Intelligence & Identity Theft

Artificial Intelligence & Identity Theft

Even if identity theft is a rising worry, it has a solution. This article will guide that artificial intelligence (AI) and machine learning is an ideal way to minimize identity theft risk. Identity theft has turned into big trouble all across the globe. Over the past few years, the world has witnessed several unexpected identity …

iDenfy
How To Choose The Best Identity Verification Provider?

How To Choose The Best Identity Verification Provider?

How to choose the best identity verification provider for my company? What they can offer for my business? Primarily, they provide a platform for businesses to onboard customers remotely. They can also help minimize fraudulent practices, a consequence of which is also the mitigation of risks that crop up during online transaction processing. With identity …

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