The Top 10  Most Difficult Countries for Identity Verification

The Top 10  Most Difficult Countries for Identity Verification

Download Report

6 Ways Identity Verification Will Unlock Digital Transformation in Airlines

Airlines were particularly negatively impacted by the Covid-19 pandemic, and the situation was further exacerbated by the rise in fraud targeting the industry. Payment fraud costs the air transport sector $858 million annually, of which $639 million were covered by airlines and the remaining amount by other businesses within the travel industry. This is where online identity verification comes to the rescue, securing the boarding process and helping airlines get back to the post covid world and embrace the digital age. 

Prevalent Scams in the Travel Industry

Not only does payment fraud cost the travel industry immensely large sums of money, but there are other prevalent scams that hit the sector equally as hard. Here’s a quick overview of those:

b-img-common

Fake/Stolen Credit Cards

Credit card fraud is one of the most common scams in the travel sector, from 287,889 debit card fraud cases in the first three quarters of 2021 to 338,684 in 2022, the US has witnessed a rise in fake/stolen credit cards.  Cybercriminals often sell stolen credit card credentials for as little as $14 – an absurdly small amount that has the potential to wreak havoc on the lives of fraud victims.

Fraudulent Flight Credits 

Airlines promote flight credits to attract more customers and such promotional schemes are an attractive means of exploitation for scammers. This is done by booking flights with stolen credentials and then cancelling them to receive the flight credits; scammers often resell the ticket and purchase legitimate ones to be sold later.

Fake Travel Agent Sites/Hotels

As a part of the triangulation fraud scheme, bookings made through a fake travel agent site gives scammers the opportunity to extort money from victims directly; once obtaining the victim’s information, criminals can use their details to make purchases. When the victims turn up at the airport to have a flight, they will be refused with no access to refunds as that fake travel agency is likely to be dissolved.

Account Takeovers (ATOs)

ATOs are one of the ever-present issues in the e-commerce space. In an account takeover, the scammer gains access to the individual’s account information through data breaches or other methods and then makes illegitimate transactions posing as a genuine customer. Australia topped the list of account takeovers with 86% of e-merchants reporting this attack in 2021, followed by Mexico with 78% and Canada with 74%.

How is ID Verification Helping Airlines with Digital Transformation?

Digital transformation has become essential for all successful businesses, especially in the accommodation and travel sectors. 

Here’s how online identity verification is facilitating airlines with digital transformation:

1. Self Check-in

Many airlines allow passengers to perform a self check-in at a web-connected booth or using the airline’s mobile application. Self check-in helps passengers verify their identities and documents automatically and remotely, completely eradicating the lengthy and frustrating check-in lines.

2. Faster Mobile Check-in

Mobile check-in is becoming the new norm for many airlines. However, checking in via a small phone screen is tedious and frustrating, especially when there is a pile of forms with lots of data to enter. This is where identity verification comes to the rescue, cutting mobile check-in time from two minutes to twenty seconds whilst booking a flight.

3. Secure Boarding

Latest passports now include a Near Field Communication (NFC) chip whose content can be read by the ID verification application. As passengers must scan their identity as a security measure whilst boarding flights, identity verification apps on their smartphones can easily scan the NFC chip and confirm their identity without requiring any security personnel to do this task.

4. Protect Online Ticket Purchases

Hackers usually purchase airline tickets either by impersonating clients based on data bought on the dark web or using stolen credentials. In this case, digital identity verification helps curb online scams. 

5. Shield Frequent Flyer Programs

Hackers often attempt to take control of an authorised frequent flyer account in order to steal the account owner’s miles or points. They aim to use the stolen miles to buy goods/services from program partners. Digital identity verification promises to be a strong fraud deterrent tool for many cybercriminals who prefer to hide their similarity with the airline they are looking to trick.

6. Improve Online Customer Experience

Balancing scam prevention with the customer experience is essential to optimise the conversion rate and avoid drop-offs. Airlines can use digital ID verification services to streamline transactions, scanning government-issued ID cards and automatically extracting the details to fill online forms. This results in a positive customer experience whether they are booking a flight or enrolling themselves in a frequent flyer program. 

Where Does Shufti Step in?

Airlines traffic is predicted to grow dramatically as the era of the pandemic and exercising extra caution has come to a close. The digital shift is one of the fundamental pillars that will nurture this growth, and online identity verification can facilitate airlines to get back into the business and embrace the modern age. This is where Shufti fits in the puzzle.

Shufti offers identity verification services built on top of thousands of AI models and is globally trusted to verify identities with an accuracy rate of more than 99%. Available in 230+ countries and territories and supporting 150+ languages, Shufti’s identity verification services are the go-to option for all those businesses struggling to keep scammers at bay.

Still, confused about how identity verification services secure businesses in the digital age?

Talk to us

Related Posts

Blog

Record-Breaking Fines on Banks for KYC/AML Non-Compliance

Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance have been structured to make ...

Record-Breaking Fines on Banks for KYC/AML Non-Compliance Explore More

Blog

Social Media Platforms and Increasing Crimes – How Shufti’s ID Verification Services Can Protect

The rise and evolution of social media have completely transformed the way people communicated an...

Social Media Platforms and Increasing Crimes – How Shufti’s ID Verification Services Can Protect Explore More

Blog

KYC & AML – A Top Priority for Soaring Buy Now, Pay Later Services

In today’s credit-thirsty world, Buy Now, Pay Later has emerged as a clear winner, forever changi...

KYC & AML – A Top Priority for Soaring Buy Now, Pay Later Services Explore More

Blog

All You Need to Know About Facial Recognition

Rapid digitisation over the past few years has led to the adoption of facial recognition for many...

All You Need to Know About Facial Recognition Explore More

Blog, Financial Crime / AML

AUSTRAC tightens regulations for enhanced AML Compliance

Australian regulator AUSTRAC has imposed a multi million dollar fine on Commonwealth Bank of Aust...

AUSTRAC tightens regulations for enhanced AML Compliance Explore More

Blog

A Brief Overview of KYC Requirements for Foreign Exchanges in EMEA

The forex industry is recognizable for being a dynamic and profitable platform due to its high li...

A Brief Overview of KYC Requirements for Foreign Exchanges in EMEA Explore More

Blog

Real Estate Crimes – What Meets the Eye is not only AML Compliance

Cleaning black money has always been the incentive behind every financial crime. Owing to this fa...

Real Estate Crimes – What Meets the Eye is not only AML Compliance Explore More

Blog

Politically Exposed Person – An unsaid threat to Businesses

A politically exposed person or PEP is the one who has been assigned to perform prominent public ...

Politically Exposed Person – An unsaid threat to Businesses Explore More

Blog

How Shufti Identity Verification User Experience Impacts Business Outcomes

User experience (UX) isn’t only about design or even metric-driven decision making. It’s a busine...

How Shufti Identity Verification User Experience Impacts Business Outcomes Explore More

Blog

The Looming Threat of Deepfake Apps for the Financial Industry

Deepfakes gained prominence back in 2017 when an anonymous Reddit user manipulated Google’s open-...

The Looming Threat of Deepfake Apps for the Financial Industry Explore More

Blog

AML and KYC Compliance – Big Data Optimising the Regulatory Landscape

Today, different sectors face an influx of user data that they need to process and analyse. To de...

AML and KYC Compliance – Big Data Optimising the Regulatory Landscape Explore More

Blog

CDD in Real Estate Sector – How to Comply With Updated Regulations

When it comes to investing funds, real estate is considered the safest sector to invest in becaus...

CDD in Real Estate Sector – How to Comply With Updated Regulations Explore More

Blog

New KYC Regime for the UK, US, and Australia – What’s in it for Financial Institutions?

Financial institutions are known for getting their reputation maligned due to crimes like identit...

New KYC Regime for the UK, US, and Australia – What’s in it for Financial Institutions? Explore More

Biometric Technology, Blog

Biometric identification Analysis and Facial Recognition Technology

Identity verification services might have been the most innovative and effective way to cut down ...

Biometric identification Analysis and Facial Recognition Technology Explore More

Blog

KYC alternatives disrupting traditional KYC methods

Technology is building bridges between businesses and consumers across the barriers of distance a...

KYC alternatives disrupting traditional KYC methods Explore More

Blog, Identity & KYC

Identity Verification Market ‘Hitting High Record’

The advent of technology has pushed businesses to digitize their operations for better customer e...

Identity Verification Market ‘Hitting High Record’ Explore More

Blog

Safeguarding the Art Market with Shufti’s AML Screening Solution

Non-fungible tokens (NFTs), blockchain-powered title deeds tied to a virtual or physical asset, h...

Safeguarding the Art Market with Shufti’s AML Screening Solution Explore More

Blog

Leveling Up Identity Verification To Meet This Moment

Companies around the world contend with two digital identity challenges that seem mutually exclus...

Leveling Up Identity Verification To Meet This Moment Explore More

Blog

7 Ways to Protect Business and Remote Staff from Cybercriminals

Businesses are facing ‘new normal’ as the workplace has shifted from offices to homes amid corona...

7 Ways to Protect  Business and Remote Staff from Cybercriminals Explore More

Blog

Perpetual KYC: The Future of Due Diligence in the Financial Industry

Digital transformation is paving the way for quick growth in the compliance sphere. However, regu...

Perpetual KYC: The Future of Due Diligence in the Financial Industry Explore More

Blog

Perpetual KYC – Securing Businesses through Continuous Identity Verification

With regulatory scrutiny increasing globally, failures or loopholes in security systems pose a si...

Perpetual KYC – Securing Businesses through Continuous Identity Verification Explore More

Blog

Know Your Patient (KYP) – the next big thing in health care

Its high time the hospital industry must think beyond providing just giving medical assistance to...

Know Your Patient (KYP) – the next big thing in health care Explore More

Blog, Identity & KYC

Can Identity Verification Services be Cheated by Hackers?

The latest intervention in the industry of fraud prevention services is identity verification ser...

Can Identity Verification Services be Cheated by Hackers? Explore More

Blog

The Definitive Guide to Anti-Money Laundering & Countering of Terrorist Financing

In this modern globalized era, money launderers, terrorist financiers and other criminal elements...

The Definitive Guide to Anti-Money Laundering & Countering of Terrorist Financing Explore More

Blog

5 Predictions on the Future of Digital KYC and eKYC

It’s 2023. Welcome to the day and age of digital KYC verification. From multiple copies of ID car...

5 Predictions on the Future of Digital KYC and eKYC Explore More

Blog

Adverse Media Screening | Assessing and Mitigating Potential Crime Risks

In today’s digital world, where fraud prevails exponentially, risk management is crucial to fight...

Adverse Media Screening | Assessing and Mitigating Potential Crime Risks Explore More

Blog

A guide to choosing the right ‘Digital Identity Verification Solution’

Living in the digital era, everything is now just a click away. From customer onboarding to onlin...

A guide to choosing the right ‘Digital Identity Verification Solution’ Explore More

Blog

Enhancing Workplace Safety: The Role of Employment Screening

 Recruiting new hires can often be a daunting task, as it is a time-consuming and work-i...

Enhancing Workplace Safety: The Role of Employment Screening Explore More

Blog

Lithuania’s AML Regulations – How the EU’s FinTech Hub Prevents Financial Crime

Emerging FinTech firms around the world spend almost one-third of their overall budgets on develo...

Lithuania’s AML Regulations – How the EU’s FinTech Hub Prevents Financial Crime Explore More

Blog, Identity & KYC

Online Identity Verification – Why Shufti is Perfect for Digital Authentication

In a short period of time, Shufti has managed to make a significant mark upon the end-to-end ...

Online Identity Verification – Why Shufti is Perfect for Digital Authentication Explore More

Blog

AML Compliance in the Insurance Sector – Red Flags to Look Out For

The insurance sector commonly faces criminal activities like money laundering and terrorist finan...

AML Compliance in the Insurance Sector – Red Flags to Look Out For Explore More

Blog, Identity & KYC

KYC and AML Compliance can help cryptocurrencies to earn legitimacy

Cryptocurrencies are currently limited in use by virtual currency enthusiasts or by lottery bidde...

KYC and AML Compliance can help cryptocurrencies to earn legitimacy Explore More

Blog

GDPR Compliance vs BlockChain Debate – Things you must know

GDPR Compliance is here to stay and it is going to be binding on every business and online enterp...

GDPR Compliance vs BlockChain Debate – Things you must know Explore More

Blog

4 Reasons why KYB is Inevitable for your Business

When it comes to corporate collaborations, Know Your Business (KYB) is the ultimate source of sec...

4 Reasons why KYB is Inevitable for your Business Explore More

Blog

June 2023 Recap: Major AML Violations and How Can Shufti Help

In global financial systems, the increasing frequency of Anti-Money Laundering (AML) violations h...

June 2023 Recap: Major AML Violations and How Can Shufti Help Explore More

Blog

Optical Character Recognition (OCR) – Powering Shufti’s Document Verification

Trust is a key factor when it comes to doing business or getting financial services from banks. A...

Optical Character Recognition (OCR) – Powering Shufti’s Document Verification Explore More

Blog

Prevalent Crimes in Forex Industry – How Shufti Can Help in Mitigating Financial Crimes

Emerging technologies and digitization are transforming the investment sector, creating opportuni...

Prevalent Crimes in Forex Industry – How Shufti Can Help in Mitigating Financial Crimes Explore More

Blog, Business Technology

Why have IPOs started Implementing Digital KYC?

Have you heard the phrase “I’m afraid we have to go public Mark”, well then you are on right page...

Why have IPOs started Implementing Digital KYC? Explore More

Blog

Frequently Asked Questions about OCR Scanners

The way we process and analyse written information has been entirely transformed by Optical Chara...

Frequently Asked Questions about OCR Scanners Explore More

Blog

Know Your Investor (KYI) – Identifying and Eliminating Russian Sanctions Evaders

For quite some time, wealthy Russian businessmen and oligarchs have been investing their money in...

Know Your Investor (KYI) – Identifying and Eliminating Russian Sanctions Evaders Explore More

Blog

Art Market in the Frame of Money Laundering

The highly volatile finance and crypto sector is not appealing for many investors, so they turn t...

Art Market in the Frame of Money Laundering Explore More

Blog

5 Key Market Trends in Identity Verification

The year 2020 has caused a dramatic shift in the business industry and our way of living.  The si...

5 Key Market Trends in Identity Verification Explore More

Blog

Identity Verification Isn’t Just for Compliance Anymore

Identity verification solutions are well-known in regulatory compliance environments, particularl...

Identity Verification Isn’t Just for Compliance Anymore Explore More

Blog

AML Compliance – Eliminating Financial Crimes in FinTech Firms

The FinTech industry is growing rapidly across various sectors with investments and large-scale a...

AML Compliance – Eliminating Financial Crimes in FinTech Firms Explore More

Blog, Online Marketplace

Why age verification matters to online businesses?

Identity verification services are fast becoming a business norm for companies that are enthusias...

Blog

5 Best Practices to Combat Identity Fraud on Social Media Platforms

Social media has demonstrated extraordinary growth in the past decade as a result of improvements...

5 Best Practices to Combat Identity Fraud on Social Media Platforms Explore More

Blog

KYC screening vs One time passwords – what’s good for your business?

Customer due diligence sometimes tests the nerves of strategists and compliance officers. With mu...

KYC screening vs One time passwords – what’s good for your business? Explore More

Blog

CCPA: A Real Roller Coaster for Business Entities

One huge change in 2020 is the new data privacy law called the California Consumer Privacy Act or...

CCPA: A Real Roller Coaster for Business Entities Explore More

Blog

The UK “Children’s Code” – Laying New Grounds for Age Verification

A 12-month grace period for compliance with a set of standards, introduced for protecting childre...

The UK “Children’s Code” – Laying New Grounds for Age Verification Explore More

Blog

How to Design an Effective Client Lifecycle Management (CLM) System with ID Verification

The customer journey with a business is very comprehensive. It does not end once the customer is ...

How to Design an Effective Client Lifecycle Management (CLM) System with ID Verification Explore More

Blog

Know Your Business (KYB) | Ensuring Financial Security

The Know Your Business solution standard verifies a company’s legal standing and confirms i...

Know Your Business (KYB) | Ensuring Financial Security Explore More

Blog

Top 6 Practises For Your Business To Pinpoint Key Risk Areas

As global industries continue to evolve and digitise, customer risk assessment has become a criti...

Top 6 Practises For Your Business To Pinpoint Key Risk Areas Explore More

Blog

Insights Into Austria’s Biometric KYC Onboarding [2022 Updates]

Biometric authentication is considered a convenient approach for onboarding online customers that...

Insights Into Austria’s Biometric KYC Onboarding [2022 Updates] Explore More

Blog

KYC Services For ICOs – Why you need to have them now?

KYC services play a vital role in conducting an ICO in more than one way. They can make the entir...

KYC Services For ICOs – Why you need to have them now? Explore More

Blog, Online Marketplace

KYC for customer on-boarding in Telecommunications Industry

Identity Verification is quite necessary for Telecommunications Industry in today’s digital...

KYC for customer on-boarding in Telecommunications Industry Explore More

Blog

NFC Verification – Securing Large-scale Events from Frauds

Large-scale events are a great way for imposters to execute their illicit plans. Data breaches, m...

NFC Verification – Securing Large-scale Events from Frauds Explore More

Blog

Top 10 Technology Trends in the Travel Industry to watch for in 2022

The travel industry is one of the worst-hit sectors from the coronavirus outbreak, which disturbe...

Top 10 Technology Trends in the Travel Industry to watch for in 2022 Explore More

Blog

The Role of Digital Identity in Business-Customer Relationship

Dealing with any business online have you ever wondered where this relationship would go? We all ...

The Role of Digital Identity in Business-Customer Relationship Explore More

Blog

KYC | How to perform KYC verification in three simple steps

Know Your Customer, commonly referred to as ‘KYC’, is an identity verification process that plays...

KYC | How to perform KYC verification in three simple steps Explore More

Blog, Online Marketplace

How Identity Verification Solutions Can Make Summer Travel a Breeze and Generate Revenue?

The travel industry is a unique business category servicing clients from various destinations and...

How Identity Verification Solutions Can Make Summer Travel a Breeze and Generate Revenue? Explore More

Blog

April 2023 Recap: Major AML Fines and Key Events

With the world embracing digital transformation, scammers have adopted sophisticated strategies t...

April 2023 Recap: Major AML Fines and Key Events Explore More

Blog

Acquiring a Security Foothold in Hybrid Workspaces with Facial Recognition

In 2020, companies experimented with different ways of working as the result of lockdown and Covi...

Acquiring a Security Foothold in Hybrid Workspaces with Facial Recognition Explore More

Blog

AUSTRAC’s ML/TF Risk Assessment Report on Foreign Bank Branches [Part 3]

This blog makes the third chapter of our four-part series on AUSTRAC’s report on the Banking Sect...

AUSTRAC’s ML/TF Risk Assessment Report on Foreign Bank Branches [Part 3] Explore More

Blog

How can AML play a role to impede the financing of terrorism?

Money Laundering and Terrorism Financing are global issues and there is no dispute regarding it. ...

How can AML play a role to impede the financing of terrorism? Explore More

Blog

Improving Identity Verification Processes Through Perpetual KYC – How Shufti Helps the Banking Sector

Banks are considered a subset of the financial services industry and play the most crucial role i...

Improving Identity Verification Processes Through Perpetual KYC – How Shufti Helps the Banking Sector Explore More

Blog

Shufti’s Journey Builder: Designing Identity Verification Made Simple 

As financial regulations around the world become more complex and ever changing, businesses like ...

Shufti’s Journey Builder: Designing Identity Verification Made Simple  Explore More

Blog

Industries that Need Digital Identity Verification and Why?

With continuous improvements in technology, different industries of the world are streamlining th...

Industries that Need Digital Identity Verification and Why? Explore More

Blog, Financial Crime / AML, Fraud Prevention, Identity & KYC

Facial Recognition: Worries About the Use of Synthetic Media

In 2019, 4.4 billion internet users were connected to the internet worldwide, a rise of 9% from l...

Facial Recognition: Worries About the Use of Synthetic Media Explore More

Blog

The Latest AML Violations and the Role of Transaction Monitoring

In the evolving regulatory landscape, combating financial crimes has become a top priority of reg...

The Latest AML Violations and the Role of Transaction Monitoring Explore More

Blog

Worldwide Language Coverage from Shufti helps you go Global

Language serves the purpose of communication among people of a certain locality, nation or in cas...

Worldwide Language Coverage from Shufti helps you go Global Explore More

Blog

Addressing the Challenge of Money Laundering Risks for Payment Service Providers (PSPs)

During the last few decades, the financial industry has altogether revolutionized, and digital tr...

Addressing the Challenge of Money Laundering Risks for Payment Service Providers (PSPs) Explore More

Blog

Post-pandemic eCommerce Landscape Calling for Robust ID Verification Solution

During the coronavirus pandemic, the e-commerce industry has witnessed a significant increase in ...

Post-pandemic eCommerce Landscape Calling for Robust ID Verification Solution Explore More

Take the next steps to better security.

Contact us

Get in touch with our experts. We'll help you find the perfect solution for your compliance and security needs.

Contact us

Request demo

Get free access to our platform and try our products today.

Get started