IDScan.net, the pioneer in AI-powered identity verification technology, proudly announces a year of significant growth in 2024.
This success has been driven by product innovation, increased efficacy in the detection of fake IDs, strategic hires, and the establishment of new partnerships, further solidifying IDScan.net’s position as a pioneer in ID scanning and identity verification.
Flagging fake and synthetic IDs
The organization has capitalized on growing ID fraud across a variety of industries, as fraudsters look to swindle businesses such as dispensaries, car dealerships, big box retailers, manufacturers, and others by using fraudulent credentials.
Across IDScan.net’s products, they flagged more than 600,000 fake IDs and synthetic identities in 2024.
Growth revenue and verification volume
The rising threat of ID fraud has led to more than just growth in revenue and verification volume. In 2024, IDScan.net has also:
- Grown total customers by 19%.
- Earned 17 badges from G2, including Best ROI, Highest Customer Satisfaction, and Most Effective.
- Launched mobile ID acceptance in both VeriScan for iOS and VeriScan for Windows.
- Spoken at conferences such as HITEC and GSX on trends in mobile ID adoption.
Best SaaS Provider
Additionally, IDScan.net was named the Best SaaS Provider at the 2024 Global Tech Awards, and Senior Product Manager, Hannah Ligon was awarded Bronze for Most Innovative Woman of the Year in the Stevie Awards.
These awards are a testament to IDScan.net’s cutting-edge advancements in AI-powered identity verification technology, the strength of the team, and its significant impact on enhancing security and compliance across various industries.
New strategic hires
This expansion is supported by ten new strategic hires aimed at enhancing customer support and business development.
Notable additions to the team include Dan Kelleher as the new Vice President of Operations, who previously spent 30 years in the finance department of Hertz, and Ayna Verella Lawson, who joins the team after working on identity-related projects at Capital One.
Product enhancements
Product enhancements have been at the forefront of IDScan.net’s 2024 strategy. This innovation has centered around improving the efficacy of fake ID detection, especially tampered and photoshopped IDs, as well as improved BI and analytics for multi-location customers who need a birdseye view into fraud risks across large, distributed organizations.
Also notable was the launch of ParseLink, a successor to the popular legacy product “WizzForms” which allows ID data to be automatically ingested into any form or software.
Reduce the risk of scams
“2024 has been an outstanding year of growth for our business,” said CEO, Terry Slattery.
“We have focused on our core mission – to help businesses reduce the risk of scams using fake IDs – with incredible results. We expect to carry the momentum from this banner year forward into 2025 and beyond.”
Shifts in ID fraud and identity verification
Looking ahead to 2025, IDScan.net anticipates significant shifts in ID fraud and identity verification. As mobile IDs continue to roll out, with eight states expected to launch in 2025, the challenge remains for businesses to adapt to these technological advancements.
Synthetic identity fraud is projected to become the major type of fraud, mirroring economic pressures that historically correlate with rises in ID fraud.
Decentralized identity systems
Additionally, societal concerns about AI may prompt anti-deepfake legislation, while discussions around age-restricted access to digital content are likely to intensify, posing implementation challenges.
The move towards decentralized identity systems will also gain traction, offering users enhanced control over their data.
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