Verify Online News

New Account Fraud

New Account Fraud

Banks and other financial institutions (FIs) are rightly concerned about fraud. Becoming a victim of fraud is bad news for individuals, but trusted organisations like banks suffer in a number of ways. As well as suffering direct financial losses, they are liable to fines and legal action. Plus, there is the biggest hit of all; reputational damage. New account vulnerability…

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Selfies for Safety

Selfies for Safety

Online identity verification is a hot subject for an increasing number of businesses, as the web becomes ever more important in people’s everyday lives. Also, for any business, the opening of an account is its most vulnerable time in terms of exposure to fraudsters. While there are already many types of identity verification accepted by businesses, the humble selfie is…

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Identity Theft

Identity Theft

In many ways, there is no theft more frightening than identity theft. This modern day version of stealing can affect a person’s life more profoundly than old fashioned theft, like having your car stolen. At the end of the day, you can always get another car, or even use public transport; but how can you get your identity back? Online…

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Towards a Cashless UK?

Towards a Cashless UK?

For some years now, financial commentators have expressed their opinions about the fall of cash circulating in British society. Some of these commentators see this is as inevitable and natural, while others sound a word of caution. While a cashless world may have its advantages, these necessarily depend on having the means to live without cash. With the coronavirus crisis…

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Top 5 Reasons to Verify Identity

Top 5 Reasons to Verify Identity

Identity is a very valuable commodity today; possibly more so now than ever before. That’s because an interconnected world has led to a boom in fraud, committed by people who pretend to be someone or something they are not. Although proving your own identity may be time consuming and take some effort, there are some reasons why verifying who you…

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ID Verification: Lessons from the Pandemic

ID Verification: Lessons from the Pandemic

Crime thrives in a time of crisis; one of the few things Al Capone would have testified to. The coronavirus pandemic gripping the world is in many ways a perfect opportunity for fraudsters and online thieves to make new inroads and bigger profits. This current crisis comes on top of the prevailing, long term fraud problems which blight online business…

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The Importance of Data Protection – Part 2

The Importance of Data Protection – Part 2

As well as the right to withdraw consent at any time regarding how our data is held and what is done with it, the Data Protection Act 2018 gives us quite considerable power over internet companies and other organisations which use the web as a portal. Subject access requests It has been possible to request exactly what data an organisation…

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