Many interactions with a business will require some form of authentication. For example, those hiring new employees must carry out a series of background checks depending on the role. Similarly, those offering products or services on credit will need to carry out a credit check to ensure that payments will not be an issue in the future.
Some form of document verification will often be in place when carrying out background checks, ensuring that the paperwork is genuine. Still, it is also essential to ensure the paperwork is being forwarded by the right person, which is where liveness checks can benefit a business.
Liveness checks fall into two categories, passive and active. A passive liveness check will use the device to identify the person without them carrying out any requests but will be sophisticated enough to highlight instances when spoofing is attempted.
An active liveness check asks people submitting paperwork or documents online to carry out actions when verifying their identity. This could include smiling at the camera or carrying out a series of movements so the software can establish the person is real.
The type of liveness check used can depend on the nature of the business but instilling another level of security regarding identity checks can yield several benefits for a business.
A Liveness Check Can Be Enough to Deter Fraudsters
There was once a time when fraudulent documents could be created quickly and used to fool businesses into handing over products or services because of how legitimate the paperwork looked. However, advanced technology means fraudsters cannot manipulate liveness checks, so their presence is often used to deter potential fraudsters and those with sinister intentions.
Keep Costs Low for Customers
Many will talk about shoplifting costing businesses a lot of money; the same is true online. If someone obtains goods from a company via nefarious means, this often means increasing the price to cover the loss, which can deter other customers.
Having a high level of security, like liveness checks in place, is less costly than the outcome of fraud and ensures costs are kept low for customers.
Be Proactive Regarding Anti-Money Laundering
Money laundering is a crime that can affect businesses and customers, and both can be unaware before it is too late. For money laundering to succeed, a weak level of security is all that is needed. As such, liveness checks should be used as an additional security measure, especially when people want to invest in a business.
Although a business can never predict the future, it can be proactive when safeguarding itself and its customers. Liveness checks are ideal for deterring those planning to use a company or organisation to launder money gained from criminal activities.
If you’re concerned about your current screening practices, why not outsource liveness checks and background screening to a professional third-party agency? In addition to giving a business confidence that liveness checks are being carried out correctly, it also ensures they are completed as soon as possible.