As fraud tactics become more advanced, businesses are turning to artificial intelligence to safeguard their operations and their customers. One of the most pressing concerns today is the use of fake and synthetic identities in self-checkout (SCO) fraud, buy online, pick up in store (BOPIS) scams, and organized retail crime (ORC). These counterfeit credentials are being used to exploit loopholes in checkout processes, especially where verification methods are minimal or in some cases nonexistent.
According to IDScan.net’s 2024 Fake ID Report, over one million fake IDs were flagged using their VeriScan platform last year, highlighting both the scale of the issue and the need for more advanced, real-time detection capabilities.
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