Defending Against Identity Theft and Takeover: How Shufti Pro can help you in keeping safe?

In today's online world, identity theft and takeover are big worries. These words might seem similar, but they have different meanings that matter a lot.

Understanding Identity Theft:

Imagine someone getting your stuff like your name, social security number, or credit card info. Then, they pretend to be you and do things you did not intend to do. It could mean spending money from your accounts or opening new accounts in your name. It can be worst than you think as you might not even know your identity has been stolen until it's too late.

Understanding Identity Takeover:

Identity takeover is like a scarier version of identity theft. Here, the thief doesn't stop at pretending to be you. They also grab control of your online things—like social media, emails, and more. They change passwords and lock you out of your accounts.

With such digital problems, AI-integrated solutions like Shufti Pro act as a shield, providing solutions like Know Your Customer (KYC) and Anti-Money Laundering (AML). These solutions help fight against identity theft and takeovers. They make sure the individual is actually who he claims to be and prevents fraudulent activities from taking place. Following are some of the Key features of the solution discussed:

• Identity Verification:?Shufti Pro employs document verification technology to ascertain the authenticity of crucial identity documents such as passports and driver's licenses. It acts as a formidable barrier against the use of fake or stolen documents for fraudulent activities.
• Biometric Verification:?Shufti Pro compares a user's facial or other biometric traits with the photo on their ID document. This innovative approach adds an extra layer of security, ensuring that the individual presenting the document is its rightful owner.
• AML Screening:?Shufti Pro conducts screenings against global AML watchlists and databases, swiftly identifying potential involvement in financial crimes or suspicious activities.
• Risk Assessment :?Shufti Pro assigns a risk score or category to individuals or unusual activities taking place, helping businesses determine the level of risk they may be exposed to
• Continuous Monitoring:?Shufti Pro's vigilance extends beyond initial verification, providing ongoing monitoring of user accounts and activities. This vigilance helps pinpoint unusual patterns that might indicate an impending identity takeover.