The Growing Risk of Counterfeit IDs
Veracity Protocol detects fraudulent documents with speed and high accuracy
When we think of counterfeits, the first thing that comes to mind are the fake Gucci and Nike products that we see online or in vendor stalls on the sidewalk. Although forgery costs luxury apparel brands billions of dollars every year, there are numerous industries where counterfeiting can pose an even bigger risk.
Forgery of important government documents, such as driver IDs, passports, and visas, contribute to a growing national security risk for countries around the world. This issue has recently sparked global controversy after world-famous soccer player Ronaldo de Assis Moreira (commonly known as Ronaldinho) was arrested for using a fake passport in Paraguay.
Growing supply and accessibility to fakes has made it increasingly difficult for national governments to protect and verify their documents. In fact, counterfeit passports and ID documents have become widely available on the dark web. Digital scans of passports can be bought for less than $15 USD, and cybercriminals have been able to offer increasingly higher quality fakes.
Counterfeit passports and ID documents have become widely available on the dark web.
What’s even more concerning is the fact that it’s very challenging for government and security officials to properly detect these counterfeit documents. Recent reports that the Malaysian Airlines Flight 370 that disappeared in 2014 carried two passengers with stolen passports have brought heightened attention to existing airport security measures to detect counterfeits. Attacks like the September 11 hijackings and terrorist organizations like Al Qaeda have been well known to take advantage of these security flaws.
To combat this security problem, Veracity Protocol can enable existing cameras to detect fraudulent documents at a higher accuracy and faster speed, thereby equipping security officials to verify authenticity and detect tampering in real time. The solution can also help governments, printers, and KYC providers automate visual inspection and quality assurance during the manufacturing process and at the point of issuance.
Veracity Protocol detects counterfeit documents at high accuracy and fast speed
In a world where passports and government-issued IDs can be easily replicated by criminals and pass inspection, authentication systems such as Veracity Protocol have become a growing necessity in the name of national security.
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Veracity Protocol is an award-winning startup that builds a Vision AI Standard to protect people and products in the digital world. The standard guarantees the highest level of trust and security for verifying the identity, authenticity, and integrity of physical objects using a smartphone.
