Beating the fraudsters with electronic ID verification
Online fraud and identity theft is a global issue affecting businesses and consumers every day. The increase in globalisation and the lack of cyber borders provides an environment that's ripe for identity fraudsters to operate, individuals who may have numerous identities - actual, stolen, or cyber; and may be acting alone or as part of a sophisticated criminal ring. Today Identity fraud is the fastest growing area of criminal activity in the world, according to the Association of Certified Fraud Examiners the cost to the global economy is estimated to be over $4 trillion (USD) annually. It is a problem of epidemic proportions, every country in the world is affected.
Organisation need to be able to protect themselves from the rising cost of ID fraud and comply with legislation whilst simultaneously offering customer high service levels.
"Within 24 hours of completing our staff training on how to use electronic ID Verifciation, our people blocked a fraudulent loan application for £75 000! The return on investment for us has been transparent and instantaneous. electronic ID Verifciation provided a quick, and definitive answer saving us time, effort and a potentially significant loss." Picture the Loan
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To speak to a member of the GB Group team please call 0845 838 1000, email firstname.lastname@example.org or fill in our online enquiry form.
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