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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

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

Will Smartphones Be The Next Frontier for ID Authentication?

Posted by Sean Trundy on Thu, Aug 06, 2015 @ 10:21 AM

In our tech-based society, smartphones, tablets, and other mobile devices are central to our daily lives. One can confidently assume that nearly every American has a mobile device or access to one, leading us to believe that mobile will be the next frontier when it comes to identity authentication.

Topics: identity theft, fraud protection tips, authenticating drivers licenses, ID Verification, fraud prevention protection, fraud prevention

Increase Transaction Security Through Identity Verification

Posted by Sean Trundy on Fri, Jul 17, 2015 @ 08:00 AM

Accurate identification papers are essential to safeguarding financial and legal transactions as well as many other sensitive exchanges. Specialty ultraviolet lights are important instruments used in the fight against fraudulent presentation. The right detection tools can augment existing fraud detection practices while empowering your employees and agents with greater defenses against the use of false identity documents.

Topics: identity theft, verification of ID, Employee Verification, authenticating drivers licenses, authenticating driver's licenses, counterfeit ID, ID Verification, fraud prevention protection, fraud prevention

Identity Theft and Loss Prevention

Posted by Sean Trundy on Mon, May 04, 2015 @ 08:00 AM

When an identity is stolen, the damage can extend far beyond the credit report of the victim. When the identity is used to procure credit or services, the companies that do business with the stolen identity are secondary victims. In lawsuit settlements, it is rare for a victim to recover more than 10% of the goods and services stolen by the time one considers the legal fees and the frequent inability of the defendant to pay. For Small to Medium Businesses (SMBs), these costs can become crippling and are always detrimental.

Topics: verification of ID, authenticating drivers licenses

New Changes to Credit Cards to Prevent Credit Card Fraud

Posted by Alisha Acosta on Mon, Jan 12, 2015 @ 08:00 AM

      The New Year is bringing a change to the credit card industry. In the United States, credit card companies will be transitioning to the EMV card system.  Now credit cards will be embedded with a smart chip. The chips are the credit cards companies’ preventative method against credit card fraud.

So what is EMV?  It is the card system known as Europay, which is the standard for Visa and MasterCard in Europe.

Topics: verification of ID, credit card fraud, authenticating drivers licenses, ID Verification

Sept, 17 2014 - FraudFighter Joins Battle Against Sex Trafficking

Posted by Alisha Acosta on Wed, Sep 17, 2014 @ 08:00 AM

Fake_IDThe usage of fake IDs in an in environment like a Gentlemen’s Club typically is for underage drinking or illegal entry. We do not normally associate the use of fake IDs at’such clubs in order to get a job. Although not a common occurrence in the Gentlemen’s Club industry, the hiring of underage performers is an issue that has recently surfaced in the public eye.A recent case in Florida, in which a 13 year old girl was hired as a performer under a fake ID, has brought the industry under scrutiny for permitting sex trafficking practices to occur under their watch. This is not a common occurrence within the industry but one isolated incident is enough to blemish an industry’s reputation.

 

Topics: verification of ID, authenticating drivers licenses, counterfeit ID, ID Verification

March 6, 2014 - Identity Theft, Organized Crime, and the Deep Web

Posted by Sean Trundy on Thu, Mar 06, 2014 @ 09:28 AM

Warning:
The following information is scary. Stop reading now unless you have a robust identity authentication system in place for your business.


Topics: identity theft, authenticating drivers licenses, mortgage fraud, counterfeit credit cards, ID Verification

Oct 22, 2013 - Nuclear Power Plants & ID Authentication

Posted by Sean Trundy on Tue, Oct 22, 2013 @ 10:38 AM

Our nuclear plants have become like mini-fortresses following 9/11. Concerns over attacks on land or of targeted aircraft crashes led to the proposal of numerous new safety laws and regulations; the overriding focus being on the threat from without. All this focus on external forces however has missed the largest threat to nuclear power plant safety that actually has manifested itself. And it came from within.

Topics: identity theft, verification of ID, authenticating drivers licenses, counterfeit ID

Why eVerify Cannot Prevent Identity Theft

Posted by Sean Trundy on Mon, Feb 27, 2012 @ 02:07 PM

In a recent speech to the GOP faithful, Presidential Candidate Mitt Romney held up Arizona’s immigration control program, which relies heavily on a public database called E-Verify, as the model for the nation. Unfortunately, as sometimes happens during public discussions, it made for a better sound bite than a practical plan.

Romney told the crowd “I think you see a model in Arizona. They passed a law here that says -- that says that people who come here and try and find work, that the employer is required to look them up on E-Verify”, the database that would allow employers to determine the immigration status of applicants. He cited a reported 14% drop in the number of illegal immigrants in Arizona as proof it worked.

If elected, he promised to export the Arizona model to the nation at large: “I will make sure we have an E-Verify system and require employers to check the documents of workers, and to check E- Verify." Mr. Romney did not have command of all the relevant facts, however. The E-Verify database only checks the names on documents for employment eligibility. No effort is made to check on the authenticity of the documents themselves.

If the documents presented are forged, the entire logic of E-Verify breaks down. Illegal immigrants with stolen identities will easily circumvent the checks because that identity they assume does have legal status. In short, E-Verify will only catch the low-hanging fruit from illegal immigrants. Those even slightly more sophisticated will be able to obtain a counterfeit driver’s license and social security card using information taken from an unsuspecting victim, and will easily pass the check.

This is not a new discovery, either. Back in 2010 an independent evaluation of E-Verify by Westat, a Rockville, Maryland-based social science research firm, commissioned by the USCIS (U.S. Citizenship and Immigration Service) Office of Policy and Strategy found that more than half (54%) of the unauthorized workers flagged by E-Verify were flagged because of some form of identity fraud.

In other words, most of the illegal workers who try to pass themselves off as legal used a stolen identity -- most likely a forged driver’s license or social security card. There are likely many more of them who used forged documents and were never flagged by E-Verify -- which, after all, is not set up for document authentication. That major flaw did not escape the attention of the Society for Human Resource Management, which said the Westat report supports what they have been saying for years -- “that E-Verify doesn’t have the proper protections and safeguards in place for detecting identity fraud”.

 Id Authentication Whitepaper

Topics: identity theft, verification of ID, Employee Verification, authenticating drivers licenses, authenticating driver's licenses