Having the right verification tools is crucial for any establishment, whether small or large businesses, agencies, or the state itself. Identity verification tools can safeguard the establishment and customers from identity fraud that results in heavy losses. Here’s a recent example: millions of dollars were lost due to the lack of a robust verification process in the German state of North Rhine-Westphalia. The state’s failure to implement a secure citizen verification procedure enabled fraudsters to steal an estimated amount of €31.5 million–€100 million. |
