Posts

fraud prevention

Fraudsters are Everywhere, What Can You do?

March is fraud awareness month, and we want to arm our readers with important statistics, and how IDScan.net can help you stop fraud!

 

88.3% of identity fraud is committed using a fake ID. This number is alarmingly high especially when you consider that over the past six years, fraudsters have stolen $112 billion. This comes down to $35,600 stolen per minute. (AmericanBanker.com)

 

$2.40 is the amount every dollar of fraud cost merchants in 2016, this is up from $2.23 in 2015. (LexisNexis)

 

Fraud’s percentage of revenues rose from 1.32 percent to 1.47% in 2016. This revenue is extremely high for retailers and continues to be a growing issue for the retail industry.  (LexisNexis)

 

These statistics are unnerving to say the least. But, there is a way IDScan.net can help you fight fraud!  Retailers can see a considerable decrease in fraud by utilizing a “multi-layered” approach. This includes solutions which tier identity verification and identity authentication.  IDScan.net provides complete solutions-both hardware and software that help users fight fraud and ensure that an ID is properly verified, validated and authenticated.

 

Ways IDScan.net Can Help you Fight Fraud:

  • ID Verification: IDScan.net provides solutions that ensure that the ID is a valid, government issued ID with correct formatting of barcode features, ID number, etc.
  • ID Validation: IDScan.net has the ability to perform higher level vetting to validate the identity of the individual. This includes running the ID against government databases such as OFAC and many others.
  • ID Authentication: IDScan.net provides users the ability to authenticate an ID for proper security features, UV, etc. to ensure the ID is not a fake

To learn more about our offerings, visit us at www.idscan.net or call us at 888-430-8936!