Technological advancements have changed the way how we look at things. There are so many advantages of these in the fields of medicine and education. But there is also a dark side. There, all this advancement is also being used to steal, hack, and misuse digital identities of people to gain certain benefits. Rising fraud rate is making online businesses lose millions of dollars every year.
As I was browsing the internet using my Charter cable Internet, I came across many spam ads. When you click one, the hacker can get to your email inbox and hack all the other accounts attached to it. Lack of cybersecurity awareness is one of the biggest reasons for identity theft.
Businesses, especially online ones, need reliable ways to avoid such frauds and threats. That is where digital document verification comes in. But what is identity theft? And what is Digital document verification? Have a look below to find the answers to these vital questions!
When a person intentionally uses another person’s identity to gain financial or any other form of benefits, it is called identity theft. There are more often than not severe consequences of that, and the person whose identity has been comprised is held accountable for the misuse. Identity theft can include using another person’s name, identity number, credit card information, etc., to use in any illegal way.
Digital Document Verification
Wherever you live, and whatever you do for a living, documents are a legal way to prove your identity. It is crucial for making a living, and the most essential element in career building. The documents you need are a passport, your birth certificate, an ID card, driving license, to begin with. You cannot do even simple things without them, like online purchases, applying for a job, opening a bank account, etc. People who are responsible for hiring others for certain jobs have the responsibility to check and verify their documents before they make a decision. This is how background checks are done.
Why is Digital Document Verification Necessary?
Digital document verification is a compulsory security measure that should be taken by all business companies, especially those that are running their businesses via digital resources. Have a look at what benefits it can bring:
Better Customer Service Experience
Digital document verification can give a very modern and competitive edge to your company when it comes to better customer service experience. Your customers don’t have to go through the long processes of form-filling or scanning, and all they need to get verified is an on-the-spot selfie to prove their identification. The modern verification technology, OCR, can check the information with the existing database and verify the identity of the person in minutes.
Cost-Effective and Easy
As the process is digital, it requires no effort and is quite easy. Even the verification time is lessened. Also, it prevents mistakes that can occur during manual information filling and verification.
Quick Feedbacks and Turn Arounds
Where manual identity verification can take hours, even days, digital identity verification can do it in minutes to ensure that the turn arounds are more frequent.
When you allow individuals to have access to your systems via manual verification, there are many ways in which a hacker can dodge the person who is verifying. But it is almost impossible to fool a digital device when it comes to identity verification. This can greatly help companies in preventing digital frauds.
Businesses that Urgently Need Digital Document Verification
Some businesses are more prone to identity thefts and frauds than others. They should urgently switch to digital document verification to make their accounts and transactions secure. Have a look.
Online recruitment sites should be surer of the originality of documents than any other business. They must know the authenticity of people they are referring to companies and organizations, as taking care of others’ security is their responsibility. Manual verification processes are time-consuming and require manpower.
Digital document verification should be a compulsion at all freelancer platforms to make sure that they are authentic beings. This way, their earing, as well as the payment would be done through a secure source. This will prevent scammers from looting people, as they often get the job done, and never pay.
Students register on e-learning portals and websites to take online courses. To add to the authenticity of the enrollers and the courses, it should be compulsory to pass through digital document verification before being considered eligible. A year back, I spent so much time taking online courses, wasting so much of my Spectrum packages’ data and ended up having unauthentic certificates. Digital document verification can save so many students from wasting their time and money.