KYC: Identity Fraud Study 2021 - Sumsub
Syndicated By Iain Fraser - Cybersecurity Journalist, Gibraltar
https://iainfraserjournalist.blogspot.com/CyberPRWire
The latest Identity Fraud Study published by KYC firm SUMSUB makes for salutary reading. Their research took place between 2020 and 2021 and was focused on identity fraud. With Identity Fraud spiralling out of control this thorough document is a must read for all those responsible for Client Onboarding.
They have defined 'identity fraud' as the use of fake or stolen identities to illegally access goods and services. Therefore, they analysed instance of document forgery, biometric fraud (fraudsters using masks, videos, or deepfakes) and other attempts to bypass user verification.
About Sumsub
Sumsub is an all-in-one suite for identity verification, fraud prevention, and KYC/AML compliance. We streamline your verification process with truly global coverage, generating higher approval rates even in emerging and unbanked jurisdictions within South Asia, CIS, LATAM and Africa. Learn More/...
Image Credit: Patrick Cannon Under CC
