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Fraud Prevention Blog

How Selfies Fight Fraud

Posted by Eric Haruki on Tue, Feb 23, 2021 @ 02:38 PM

Ah, the Selfie. Equal parts necessary vacation documenter to cringe worthy "maybe that wasn't such a good idea last night" observer.

Let's face it, these days without the selfie you can't prove you did that epic two mile hike up to that scenic peak. Nor would you have any bonafides that you got into that exclusive club or show.

Just as we might grumble that the Selfie is now a ubiquitous and accepted act within our daily lives, imagine the debates that must have raged within the hallowed halls of the Oxford University Press before begrudging acceptance of that noun into its pages.

Selfies can surely be an eye rolling, strained face producing, path-blocking picture taking, bane to polite society.

But as a powerful tool against Fraud?


New Environment, Vital Solutions

As a vast understatement, the past year has been challenging across the entire spectrum of... life. Specifically within the business context, companies have had to frantically adjust their internal operations and develop alternative means to transact with customers.

Traditional businesses reliant on face-to-face engagement, a handshake, and a signature on the dotted line have had to pivot to keep the doors open.

How do your customers shop and buy a car if they're not sitting next to a salesperson in a test drive? How do you calmly assuage concerns while reviewing a 100 page escrow document before your clients commit to a 30-year mortgage or a long term life insurance plan?

Beyond new transaction methods, emergent security questions and concerns are just as pressing. In a virtual online or phone transaction, how do I know who's on the other side doing the buying? Are we being scammed? Are we enabling fraudsters to scam an identity theft victim? What are our risks? What's our liability?

More than ever, companies need to ensure their security, all while keeping the wheels of commerce spinning. If only there was a way to know your customer without them being physically there...?

Enter the selfie as a legitimate identity verification cross-check and a powerful pre-transaction deterrent from fraud.

Of course, selfies on their own aren't the impenetrable wall standing between you and criminals. As with any security best practice today (and prize winning chili recipes), selfies are but one component in a multi-layered stack of measures and methods that formulate a comprehensive security solution (or recipe).

To start, for selfies to be a contributor to ensuring valid identity authentication and secure transactions, a good image has to be taken.

Something like this: 

Or like this: 

But no, not like this: 

And never this: 


By providing a selfie in a remote transaction, in conjunction with a scanned, submitted, and verified-as-authentic government issued ID, a customer validates their identity via a "live" security cross-check within the transaction process.

Further, and maybe even more impactful, the deliberate act of taking the selfie provides a sober moment of introspection and (likely) deterrence to the fraudster, knowing that they're shining a blazing light of transparency and truth onto their nefarious act.


Agile to your needs, Rigorous throughout

Uveritech's PALIDIN represents a comprehensive Identity Authentication solution that layers in selfies within a dynamic security methodology that fits your needs and specific transaction types.

The security methodology surrounding a high value automobile, artwork, or jewelry transaction will of course be distinct from an online order and pickup of a household lamp or coffee table. The documentation requirements to transfer $1,000 to a family member are understandably ramped up to scale when applying for a mortgage or withdrawing from a 401(k).

Just as you and your business work hard to adapt to your customer's varying needs and expectations, our solution flexes with your requirements -- incorporating best in class hardware (image scanners, data readers, UV detectors) with the deepest government ID document repository available -- all which can be configured with mobile usage and access options that work the way you do.

Contact us to learn more about how we've helped businesses like yours fight fraud and best serve their customers in today's evolving environment.

Topics: verification of ID, authenticating drivers licenses, fraud prevention protection, identity verification, mobile

U.S. Identity Theft Cases Double in 2020 Compared to 2019

Posted by Sean Trundy on Thu, Feb 04, 2021 @ 09:28 AM

https://www.ftc.gov/news-events/blogs/business-blog/2021/02/identity-theft-awareness-week-starts-today 

Topics: verification of ID, identity verification, fake ids

$136,000 in Counterfeit Dollars Seized by CBP

Posted by Sean Trundy on Wed, Feb 03, 2021 @ 03:08 PM

Two Packages, $136K of Counterfeit Currency CBP Officers in Chicago Seize Shipments Containing Funny Money

https://www.cbp.gov/newsroom/local-media-release/two-packages-136k-counterfeit-currency-cbp-officers-chicago-seize

Topics: counterfeit fraud, fraud prevention protection, counterfeit detector

Where markets go, fraudsters often follow

Posted by Sean Trundy on Thu, Sep 17, 2020 @ 03:53 PM

Fraudulent transactions have grown step-for-step with legitimate economic activity – and is booming as a result of the pandemic.

The Internet Crime Complaint Centre at America’s Federal Bureau of Investigation (FBI) reports that by June of this year, daily digital crime had risen by 75% since the start of stay-at-home restrictions, and that the number of complaints received in 2020 had already surpassed the total for 2019. In a new report, Interpol corroborated these findings, tracking the same trend across EU member countries. 

Fraud during the time of Pandemic

Posted by Sean Trundy on Thu, Jul 30, 2020 @ 11:27 AM

Cashiers and Tellers Report Unable to “Feel” whether Money is Real or Not

During our twenty years of selling counterfeit currency detection equipment, one of the most common “objections” to our presentations that we have heard from companies both large and small is that they didn’t need our counterfeit detection products because they can train their frontline people to recognize fake money by hand – be testing how the paper feels.surgical gloves and cash

Topics: authenticating drivers licenses, counterfeit fraud

The Most Up-to-Date REAL ID Information

Posted by Stephanie Cho on Wed, Apr 24, 2019 @ 12:36 PM

Information up-to-date as of April 24, 2019.

Topics: ID Verification, ID authentication, identity authentication, real ID, driver license update

Analog Identity Theft is a Bigger Problem than Digital Identity Theft

Posted by Sean Trundy on Tue, Jun 19, 2018 @ 02:17 PM

When it comes to assessing your risk of identity theft and fraud, being digitally compromised in a major, headline-news-style data breach is not your only threat.

Media stories focus on huge data breaches such as the Equifax data loss in 2017 which compromised more than 140 million Americans’ personal data. In fact, data theft reached record levels in 2017, with over 1,500 reported incidents of hacking that exposed around 180 million records.

Topics: identity theft, counterfeit detection, fraud prevention, ID authentication

IMPORTANT NEWS:  MasterCard UV Security Features

Posted by Sean Trundy on Fri, Jun 15, 2018 @ 09:10 AM

Several weeks ago, we began getting calls from a few clients asking us whether specific versions of MasterCard payment cards had omitted the use of the UV security feature on their card-stock. After receiving maybe half a dozen of these calls, we began trying to learn more about this.

Topics: counterfeit news, counterfeit detection, ID authentication, credit card

Why It’s Always Important To CYA

Posted by Stephanie Cho on Tue, Apr 17, 2018 @ 02:12 PM

You know it’s important to protect your business against fraud, but how do you protect your business when it’s being accused of facilitating fraud?

Topics: fraud prevention, identity authentication, identity documents

Are You Wasting Time Counting Cash Registers?

Posted by Stephanie Cho on Thu, Mar 08, 2018 @ 01:13 PM

Increase Your Employees’ Productivity by Eliminating the Time-Consuming Task of Counting Money

Topics: money counting, uv counterfeit detection, money scale, cash counter