Can you fathom this mind-boggling fact? Prepare to be astounded as a truly staggering figure reveals that a whopping 9 million Americans fall prey to the harrowing crime of identity theft each passing year, as diligently reported by none other than the FTC1. And brace yourself, for that is merely the tip of the iceberg. Since the dawn of 2005, an awe-inspiring total of 534 million personal records have been cruelly compromised, a direct consequence of the relentless onslaught of attacks befalling businesses, government bodies, institutions, and organizations2. Take a moment, if you will, to allow the gravity of this situation to sink in. Should we distribute these breaches evenly across the vast population of 310 million individuals residing in the United States, the shocking reality is that every single person would suffer the theft of their identity, not just once, but a staggering one and two-thirds times. Undoubtedly, the sheer magnitude of this ominous threat is enough to send shivers down one’s spine, demanding immediate and unwavering action.
Online businesses are finding it harder and harder to zero down on the best identity theft protection solution as the KYC industry is being bombarded with redundant solutions that promise a lot but fall short on performance standards and service delivery front. Many are limited in their approach and others just take it forever in the integration process. Online identity verification solutions are considered a safer bet to fight online identity theft, but only those are sufficient for identity theft prevention that offer Omni channel support, in addition to competitive pricing.
In the below lines, all those points are explained that can help businesses find one of the best identity theft protection that will reduce the threat of online identity theft without causing any technical headache for the customer base
Protect Yourself From Identity Theft Services!
The foremost feature of the best identity theft protection solution is that it will have a plethora of services to ensure that no person with an identity theft case will be registered. A robust identity theft protection solution should incorporate facial verification, document verification, and address verification services. These essential services collectively ensure the accurate authentication of an individual’s true identity, providing a comprehensive safeguard against identity theft.
Verification Time
Admit it. No one likes to wait in the modern age especially not for a verification process. Customer experience will surely drop significantly if an online business integrates a fraud prevention solution that takes more than 60 seconds. Several online identity verification solutions out there take even hours to complete a KYC verification procedure. Businesses working with such identity theft solutions are surely testing the patience of their customers, something that a serious business venture cannot afford.
KYC confirmation in Demo Mode
The marketing and sales team can say whatever they want to say about the effectiveness of their online identity verification system but you must ask for a trial run to test the functioning of identity theft protection software. It will help you get the feel of the solution, how long it takes to perform verification, the service standards that a particular solution adheres to, and much other crucial information that is impossible to find out, in marketing material. You are about to spend a substantial amount of money for utilizing an online identity theft protection solution and you must be able to check the efficiency of such a system.
Shufti Pro is one such identity theft protection service that not only has an impressive service pack of verification services, provides real-time verification results, and has a demo mode for potential customers but even offers global language support and is available in every country of the world. Using Artificial Intelligence, Shufti Pro is surely the best identity theft protection solution as it has a RestFul API that can integrate easily with any pre-existing mobile application, web-based portal, or online software tools, without a single second lost in downtime.
