A strong Know Your Customer (KYC) procedure involves ID document verification (and the detection of fraudulent identification documents). Validating and evaluating government-issued identification papers has become more complicated and expensive as money launderers, scam artists, and identity thieves use even the most basic tools to impersonate identities and make artificial identity documents. Passport security mechanisms include biometric data chips, optical variable ink, and disappearing ink. These are the worst nemeses of corrupt individuals, as identity specialists and identity verification systems are determined to make sure they are available when validating identities.
One of the most crucial objectives of institutions observing the black identification document market is passport safety and the eradication of manipulation and duplicate passports. As soon as passport makers and security firms enact advanced security measures, corrupt individuals and identity thieves look for ways to diminish these attempts in order to keep up with their illegal activities.
Criminals frequently use forged identities and forged passports to gain credit, open accounts, get access to driver’s licenses, and acquire passports.
Numerous new security protocols have been put in place to avert scam artists and malicious users from duplicating and interfering with identity documents verification including passports and Genuine IDs. The inclusion of many anti-counterfeit security mechanisms during the id validation system can make the procedure of identity verification smoother and much more protected. These attributes can assist you in catching bad actors before they cause irreversible damage.
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Anti-Counterfeit Security Mechanism to Prohibit Fraud
Optical Variable Ink (OVI)
Optical variable ink (known as color-shifting ink) is a safety measure found in certain passports around the globe. One of the really crucial passport safety mechanisms is optical variable ink. Since this ink is really costly to manufacture, it is only found on high currency notes or high-value papers. It is critical to identify high-priority documents with this safety mechanism during the id document validation process.
The anti-counterfeit aspects and practical applications of OVI are rather diverse. OVI ink can be seen through multiple angles which can be used to distinguish between a legitimate file or document one which has been produced or tinkered with. This sort of anti-counterfeit process, like many other security mechanisms, can be found on several cards, licenses, and other documents. The more security mechanisms there are, the more difficult it is to imitate or fabricate the passport or file. Certain characteristics make the task virtually impossible.
UV Fluorescent Ink (Invisible ink)
Another passport security mechanism involves UV fluorescent, also known as invisible ink. Provides extra covering of protection to security mechanisms that are present on new passports. Ultraviolet fluorescent ink is referred to as a next-level security procedure, given the fact that it can not be seen through the human eye.
UV fluorescent is also frequently used in the making of documents other than passports. A well-trained identity officer can detect a malicious document with ease because doing the same job over and over again trains you for it.
Invisible Fluorescent Fibers
These fibers are described as a “substance feature embedded in the paper used to make passports” (PassportIndex), this safety mechanism consists of a network of fibers that are imperceptible to the human eye and printouts. This collection of fibers can be shown in ultraviolet (UV) light. Having a UV light on hand will make identity verification times as efficient, if not quicker.
Radio Frequency Identification (RFID) Chip
Radio Frequency Identification (RFID) microchips are yet another beneficial anti-counterfeit safety measure found in passports. As of 2007, this function has been included in all passports, diplomatic or private. RFID microchips contain critical information, and a procedure that involves validating identities cannot extend without tying this information with what is displayed on a passport. Data displayed on the chips includes name, address, date, biographical, and passport information.
Fighting Fraud Via Address verification
The Real ID has particular security mechanisms that provide investigators with the assurance that biographical details are correct, legitimate, and obtained from an impartial organization. Address details are among the most commonly abused items of information in synthesized identity theft.
A potential client (bad actor) can participate in addressing intercepting or creating a synthetic identity by stitching together legitimate parts of an identity for financial benefit. Spoofing, null and void, or incorrect addresses can be detected via using an identity verification system that incorporates this form of address validation into their procedure.
Countries around the globe use different address layouts and identity cards. It is critical to use the appropriate address format and address validation. This can be viewed as an enhancement to the passport security mechanisms that will safeguard your company as you authenticate identities during the onboarding process.
With the help of the next level of UV invisible ink and a robust KYC verification process, organizations are putting a halt to illicit practices, and criminal activities, and keeping bad actors away from their businesses.