SODocumentation is a very important part of any process. It ensures the credibility of the operation executed whether for a legal process or for personal processes. We as humans are generating documents every day in our homes, offices, and other workplaces. In fact, the documents which is issue by the national authorities of the country represent our identity to the world. And with the world going digital the number of online document verification certificates represent our identities in the online world. With our online appearance, the risks of document fraud are getting high as the cyber authorities are reporting an increase in the number of fake identities online with forged documents. Before understanding the process of online document verification systems let us first understand what is document fraud.
What is Document Fraud?
Document fraud is a process of creating or manipulating existing documents to create a new identity. This identity is then used to misuse the online systems and for illegal activities. False documents are created to bypass the security protocols of the system. Attackers sneak into critical online systems such as financial platforms and other systems of social media sites to steal user identities and launder money. The authorities have developed strict laws to counter these actions of attackers. There are a number of ways the attackers commit document fraud.
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Counterfeit documents:
The attackers create exact same imitation of the official documents which are unverified by the authority or the provider of those credentials.
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Forged Documents:
This method of document fraud is done by the attackers who aim to manipulate the original documents by adding or modifying the information within those credentials.
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Pseudo Documents:
These documents is creating completely replicating the original documents. These documents are not recognize by any institute or organization.
Online Document Verification Process:
The process of verifying documents online is efficient and takes less time than the traditional method of verifying documents. The use of new technologies such as AI and Machine learning. Has greatly increased the work rate of the verification process cycle. The companies are implementing the online verification system. To verify their users and clients at the time of the onboarding phase. The Online document verification process is a document verification service. That is creating in accordance with the AML/CFT laws and it also follows the KYC compliance. With an online document verification system. The users is opt to verify themselves using online platforms which involves a number of processes and stages.
Uploading Documents:
The document copies are uploading into the online system in the form of digital files, which are mostly images taken from the mobile camera. The documents are uploading to the system of the organization which then further processes the upload documents for verification.
Document Validation:
The online document verification systems are built using new terminologies of the computing world. The artificial intelligence systems are efficient in validating the documents and checking for any sort of falseness or forgery. The system is compose of thousands of document data sets through. Which it learns about the genuine document patterns and types. This process of machine learning is perform on the uploading documents of the user. The system compares those documents with the existing data sets to process the document images and validate them.
Document Verification:
The process of verification is conducting once the documents are validating successfully. The verification process involves the use of optical character recognition technology which is getting better each day with new updates and fixes. The OCR technology is responsible to extract the text from the validated documents for verification. The data is extract from the documents which are compare with the user-providing credentials to verify their integrity. Therefore, the whole process is complete online in a very short amount of time as compared to the traditional document verification method which can take up to days to verify a user.
Document Requirement:
Different companies of different sectors require different types of documents as per their preference. For Example the organization which are keen to verify personal identities. Will opt for the original identity cards and proofs that provide identity information. Such as the image of the person or the name of the user. Other sectors such as banking and finance will also require the financial or banking statements of the users to verify them.
Wrapping It Up:
The number of document frauds is increasing each day with new methods driven by attackers. Furthermore, to tackle the situation cybersecurity companies and other service providers are adapting to the online document verification solution for the purpose of verifying documents via online channels. This method of verification is fast and provides efficient results which help in restricting the attackers from the online systems of different companies.
