The Top 10  Most Difficult Countries for Identity Verification

The Top 10  Most Difficult Countries for Identity Verification

Download Report

    n-img-roi-cross

    Before You Go, Schedule Your Free Demo Today

    Valid Invalid number


    Note: Fields marked with an asterisk(*) are mandatory.

    n-exit-img-roi-cross

    Thank you for your demo request

    We appreciate your interest and look forward to discussing how our solution can meet your needs. Expect to hear from us shortly with scheduling details.

    Close

    us

    34.136.65.163

    California Privacy Rights Act – What Businesses Must Do to Comply

    b-img-california

    The California Privacy Rights Act (CPRA), also known as Proposition 24, was approved on November 3rd, 2020 and amended the existing California law, the Consumer Privacy Act (CCPA) from June 28th, 2018. January 2023 will see new amendments to the data privacy regulations of California and will require businesses to make the necessary changes to stay compliant.

    The new regulations not only apply to businesses operating in California but also to those operating outside it and promoting their services in the state. This makes the new amendments quite important, as California is a leading economy that hosts the largest total population of a US state.

    Businesses that Need to Oblige

    Both the CPRA and CCPA are applicable to businesses based in California and offer services from outside its borders. The conditions for businesses to fall under the new regulations are as follows:

    California Consumer Privacy Act (CCPA)

    The CCPA applies to businesses that generate annual gross revenue of over $25 million, or deal in buying or selling personal data of over 50,000 individuals, households, or devices for commercial purposes. Another condition is that the business sells customers’ personal information for more than half of its annual revenue.

    California Privacy Rights Act (CPRA)

    The CPRA applies to businesses that generate annual revenue of over $25 million and deal in the sale or purchase of personal information of more than 100,000 individuals or households. The other condition is that the business takes more than half of its earnings from selling or transferring the personal information of its customers.

    As per the new regulations, there is a broad scope of the terms “selling” and “sharing” of personal information, which implies that businesses need to pay close attention to know what they must do. The regulations define selling as: “selling, renting, releasing, disclosing, disseminating, making available, transferring, or otherwise communicating orally, in writing, or by electronic or other means, a consumer’s personal information by the business to another business or a third party for monetary or other valuable consideration”.

    Whereas, sharing is defined as: “sharing, renting, releasing, disclosing, disseminating, making available, transferring, or otherwise communicating orally, in writing, or by electronic or other means, a consumer’s personal information by the business to a third party for cross-context behavioral advertising, whether or not for monetary or other valuable consideration, including transactions between a business and a third party for cross-context behavioral advertising for the benefit of a business in which no money is exchanged”.

    New Types of Businesses Under the Updated Regulations

    The amendments to the CPRA have brought new types of businesses under the scope of the regulations. For instance, joint ventures and partnerships that provide every business with at least 40% interest fall under the same criteria. Similarly, a business that voluntarily decides to certify to the regulation will also be obliged to comply. Moreover, the CPRA also applies to those businesses that share common branding with an already regulated business. As per the amendments, common branding is defined as a “shared name, service mark, or trademark that the average consumer would understand that two or more entities are commonly owned”.

    Parties that Fall Under the Regulations

    As per the CCPA and the CPRA, the sending and sharing of personal information involve three major parties, which are contractors, service providers, and third parties. A contractor is defined as a “person to whom the business makes available a consumer’s personal information for a business purpose, pursuant to a written contract”. A service provider is defined as “a legal entity organized for profit that processes personal information on behalf of a business.” Just like a contractor, service providers get information from businesses “for a business purpose, pursuant to a written contract”. Third parties are defined as entities that do not fall under the category of contractors or service providers but are counterparts to whom businesses “sell or share” personal information.

    The sharing of personal information with contractors and service providers is overseen by a written contract, which states the rules for the transfer of personal data and imposes a ban on its resale. However, there is a different system for transferring personal information to third parties, which considers the customers’ rights to their information. 

    What are Consumer Rights Under the Regulations?

    The CCPA and the CPRA state that personal information includes anything that a business collects related to its customers. This means that personal information is not limited to names, dates of birth, and locations. It also includes IP addresses, behavioral patterns, web search history, and even cookies. The businesses that fall under these regulations are required to offer California’s people the measures to fully utilise their privacy rights. These include the right to know which information is collected, its source, and the purpose for which it is required. Consumers also have the right to know with who their personal information is shared, and to whom it is sold. They also have the right to reject “selling or sharing” their personal information.

    Customers of any business can access their previously provided personal information and get it deleted/amended at any time. Furthermore, the regulation also mentions that businesses cannot refuse or change the quality of their services in case a customer utilises any of the above-mentioned rights.

    Depending on the type of violation, businesses can face different amounts of civil penalties under the regulation. In case of an intentional violation, the business will be fined $7,500 per violation. Whereas in the case of accidental violation, the business will be fined $2,500 per violation. However, penalties are only effective when businesses fail to rectify a violation within a period of 30 days. In case an individual sues the business, the regulatory fines vary depending on the personal information used or breached. If personal information is not harmed in a data breach, the customer can take between $100 and $750 for each instance. If the personal information is affected, the customer can take more than $750. Although the actual amendment will not be effective until January 1st, 2023, it will be applicable to the personal information collected from January 1st, 2022.

    What Shufti Offers

    For businesses that fall under the CPRA and CCPA, it’s important to understand the importance of complying with the new regulations. In order to comply, they need to protect the personal information of their customers. Although it is a challenge to manage compliance costs, businesses with stringent identity verification measures can steer clear of regulatory fines.

    Shufti’s robust identity verification solution allows your business to avoid the hassle of a manual verification system and saves it from regulatory fines. The system deploys thousands of AI models to verify identities in less than a second with an accuracy of 98.67%. 

    Want to know more about this solution? Get in touch with our experts!

    Related Posts

    Blog

    How ID Verification can Help you Boost your Revenue in 2019?

    For years now banks have been using laid back and inconvenient methods for ID verification of cus...

    How ID Verification can Help you Boost your Revenue in 2019? Explore More

    Blog

    COVID-19: An opportunity for financial sector to expand digital transformation

    A sudden epidemic swept across the world, and it had an impact on our lives, work, and even the p...

    COVID-19: An opportunity for financial sector to expand digital transformation 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

    Secure Your Digital Presence | Combat Transaction Fraud and Cyberthreats with IDV

    Financial crimes, especially payment and transaction fraud, have seen a massive surge in recent y...

    Secure Your Digital Presence | Combat Transaction Fraud and Cyberthreats with IDV Explore More

    Blog

    How to Use Shufti’s ROI Calculator to Justify Better Identity Verification Outcomes

    As the pressure to grow profits intensifies, many companies are thinking proactively on how to ef...

    How to Use Shufti’s ROI Calculator to Justify Better Identity Verification Outcomes Explore More

    Blog

    AML Verification Services: Fighting Back Financial Crimes in 2023

    The Covid-19 outbreak has increased reliance on eCommerce and digital banking — cultivating a lus...

    AML Verification Services: Fighting Back Financial Crimes in 2023 Explore More

    Artificial Intelligence, Blog

    Knowledge Based Authentication a Thing of Past

    If you are wondering what is knowledge-based authentication or KBA, let me ask you a question, ‘w...

    Knowledge Based Authentication a Thing of Past Explore More

    Blog

    Cryptocurrency Exchanges and negative KYC Compliance

    KYC & AML Compliances are not being upheld by almost 68% of the cryptocurrency exchanges arou...

    Cryptocurrency Exchanges and negative KYC Compliance Explore More

    Blog, Online Marketplace

    What do NGOs have to gain from Identity Verification Services?

    Identity Verification services are quickly becoming the cornerstone of NGO-related activities acr...

    What do NGOs have to gain from Identity Verification Services? Explore More

    Blog

    Crypto Regulations 2021 – The Updated Compliance Regime in France

    Within the last two years, France’ cryptocurrency landscape has experienced significant milestone...

    Crypto Regulations 2021 – The Updated Compliance Regime in France Explore More

    Blog

    How Artificial Intelligence is taking ID verification to the next level?

    Identity theft is deemed as a growing problem. Particularly with the increase in online shopping,...

    How Artificial Intelligence is taking ID verification to the next level? Explore More

    Blog, Online Marketplace

    12 Ways Identity Verification Services Helping Online Businesses

    The online marketplace has a culminating presence in the business world. Worldwide e-commerce sal...

    12 Ways Identity Verification Services Helping Online Businesses Explore More

    Blog

    Fighting Fraud in Gaming & Gambling Industry with AML Screening Services

    The online gaming sector is on the roll and is projected to surpass $172.23 billion by 2030. Irre...

    Fighting Fraud in Gaming & Gambling Industry with AML Screening Services Explore More

    Blog, Online Marketplace

    Demand for KYC & ID Verification in Higher Education

    I remember a friend of mine, Jack, from high school he was one of the most non-serious people I k...

    Demand for KYC & ID Verification in Higher Education Explore More

    Blog

    Addressing Regulatory Compliance in Online Gambling with Effective AML Screening

    The internet is a key risk element for gambling because it gives the user a sense of obscurity, t...

    Addressing Regulatory Compliance in Online Gambling with Effective AML Screening Explore More

    Blog

    Securing Mobility as a Service (MaaS) with Shufti’s Digital Identity Verification Solution

    The transport industry is on the verge of significant disruption, with new emerging technologies,...

    Securing Mobility as a Service (MaaS) with Shufti’s Digital Identity Verification Solution 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

    Integrated Compliance Management – Mitigating the Regulatory Risks

    Businesses operating in the financial sector often face organizational and compliance challenges....

    Integrated Compliance Management – Mitigating the Regulatory Risks Explore More

    Blog

    KYC Checklist: A Comprehensive Guide for Businesses and Financial Institutions

    In the ever-evolving landscape of finance, having a solid defence against financial crime is cruc...

    KYC Checklist: A Comprehensive Guide for Businesses and Financial Institutions Explore More

    Blog

    Digital Document verification – an efficacious method of ID card scanning

    Businesses, banks, airports, social media platforms, e-commerce stores all need to be sure of the...

    Digital Document verification – an efficacious method of ID card scanning Explore More

    Blog

    Warning Signs of ICO Scams and the Role of Identity Verification Service

    If you have heard of Bitcoins and cryptocurrencies then you must have heard of ICOs or Initial Co...

    Warning Signs of ICO Scams and the Role of Identity Verification Service Explore More

    Blog

    Investor Onboarding | Navigating the Challenges of Digitization

    Private market companies are setting their sights on retail investors and exploring technology an...

    Investor Onboarding | Navigating the Challenges of Digitization Explore More

    Blog

    NFC Verification – Making Digital Payments Mainstream from Alternative

    With time, payment methods have evolved from coins to paper-based money, then plastic, and now sm...

    NFC Verification – Making Digital Payments Mainstream from Alternative Explore More

    Blog

    Shell Companies and Money Laundering: How to Combat Them?

    Shell companies are notorious for all the right reasons. These entities often called ghost compan...

    Shell Companies and Money Laundering: How to Combat Them? Explore More

    Blog

    UK’s On-Demand Culture – Building Trust & Security with Digital ID Verification

    People across the world are spending more time on the internet ever since the pandemic struck the...

    UK’s On-Demand Culture – Building Trust & Security with Digital ID Verification Explore More

    Blog

    Common Types of BNPL Fraud and the Role of KYC/AML Regulations

    The Buy Now Pay Later (BNPL) services are growing rapidly. 42% of credit customers are interested...

    Common Types of BNPL Fraud and the Role of KYC/AML Regulations 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 Document Verification – The Role of Shufti’s Optical Character Recognition (OCR) in Eliminating Fraud

    Document verification is the most important stage when it comes to doing online business, getting...

    Online Document Verification – The Role of Shufti’s Optical Character Recognition (OCR) in Eliminating Fraud Explore More

    Biometric Technology, Blog, Online Marketplace

    Face Verification Becoming Vital For Travel Industry

    Over the past few years, biometric technology has become increasingly mainstream. This is due in ...

    Face Verification Becoming Vital For Travel Industry 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

    DoorDash Falls in the pit of Data Breach – Affects 4.9 Million Users

    Security breaches are increasing in number with every passing day. This keeps on happening. It wo...

    DoorDash Falls in the pit of Data Breach – Affects 4.9 Million Users 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

    Blog

    Digital Wallet Fraud | How AML Screening Solution Can Help

    Digital wallets are becoming everyone’s go-to transaction method and the total number of e-wallet...

    Digital Wallet Fraud | How AML Screening Solution Can Help Explore More

    Blog

    An Insight into AML Compliance in the Financial Sector [2022 Update]

    The increasing global attention towards anti-money laundering (AML) and countering the financing ...

    An Insight into AML Compliance in the Financial Sector [2022 Update] Explore More

    Blog

    July 2023 Recap: Major Compliance Events and How AML Verification Can Help

    Anti-Money Laundering (AML) violations pose a substantial and concerning threat to the reliabilit...

    July 2023 Recap: Major Compliance Events and How AML Verification Can Help Explore More

    Blog

    Identity verification in freelancing- no more smoke and mirrors

    Freelancing platforms are rapidly growing. In 2017, around 57 million Americans were freelancing ...

    Identity verification in freelancing- no more smoke and mirrors Explore More

    Blog

    Top 10 Real-World Scenarios Where Shufti’s IDV Can Help

    Whether you’re an e-commerce store that needs to verify delivery addresses or a bank that has to ...

    Top 10 Real-World Scenarios Where Shufti’s IDV Can Help Explore More

    Blog

    How identity verification can help prevent Medical Identity Theft?

    Digitization is reshaping the future of healthcare. With the healthcare industry, having more res...

    How identity verification can help prevent Medical Identity Theft? Explore More

    Blog, Fraud Prevention

    6 Steps of Online Fraud Prevention for Businesses

    With the rapid development in the online retail industry and banking industry, there is an increa...

    6 Steps of Online Fraud Prevention for Businesses Explore More

    Blog

    Healthcare is Under Attack: Strengthening Security with Biometric Verification

    Healthcare scams cost our economy tens of billions of dollars every year and the lowest value of ...

    Healthcare is Under Attack: Strengthening Security with Biometric Verification 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

    5 Frauds in the Education Sector and How They Can be Prevented

    Educational institutions have become an attractive target for cybercrime attacks in recent years....

    5 Frauds in the Education Sector and How They Can be Prevented Explore More

    Blog

    Initial Art Offering – Everything you need to know about it

    Initial Art offering is an innovative way to support artists and their brilliant art without worr...

    Initial Art Offering – Everything you need to know about it Explore More

    Blog

    How Can Businesses Detect Arbitrage Sports Betting?

    Various gamblers have investigated and exploited potential weaknesses in betting markets for mill...

    How Can Businesses Detect Arbitrage Sports Betting? Explore More

    Blog

    California Privacy Rights Act – What Businesses Must Do to Comply

    The California Privacy Rights Act (CPRA), also known as Proposition 24, was approved on November ...

    California Privacy Rights Act – What Businesses Must Do to Comply Explore More

    Blog

    Healthcare Industry and Prevailing Crimes – What Shufti Can Offer

    Over the recent years, the medicare industry has completely transformed, and emerging innovations...

    Healthcare Industry and Prevailing Crimes – What Shufti Can Offer Explore More

    Blog

    Elevated Business Security: A Comparative Analysis of Identity Proofing and Identity Verification

    In today’s digital age, businesses must have a robust identity verification system in place...

    Elevated Business Security: A Comparative Analysis of Identity Proofing and Identity Verification Explore More

    Blog

    Elevating Document Verification with OCR in 2024 | Data Extraction in Real-Time

    The Optical Character Recognition (OCR) market was valued at US$15 billion in 2019 and is expecte...

    Elevating Document Verification with OCR in 2024 | Data Extraction in Real-Time Explore More

    Blog, Business Technology, Fraud Prevention, Identity & KYC

    Face Verification – One Solution for Several Identity Frauds

    Biometrics is the technology that verifies the unique personality traits of a person to identify ...

    Face Verification –  One Solution for Several Identity Frauds Explore More

    Blog, Business Technology, Financial Crime / AML, Identity & KYC

    AML Technology Eradicating the Perils of Money Laundering

    In the past few years, we have seen a substantial increase in the number of legislations regardin...

    AML Technology Eradicating the Perils of Money Laundering Explore More

    Blog

    Top 5 Trends to Revamp the Online Gambling Industry in 2022

    In recent times, the online gambling sector has demonstrated continuous growth along with technol...

    Top 5 Trends to Revamp the Online Gambling Industry in 2022 Explore More

    Blog

    Identity Verification – Addressing the Challenge of Fraud in the Telecommunications Sector

    Transforming technology, growing digitization, and increased use of online transactions have acco...

    Identity Verification – Addressing the Challenge of Fraud in the Telecommunications Sector Explore More

    Blog

    Synthetic Identity Fraud: Fake Identities for Criminal Activity

    An increase in financial crime has been predicted by economic downturns during the previous two d...

    Synthetic Identity Fraud: Fake Identities for Criminal Activity Explore More

    Blog

    Shufti’s ID Fraud Report: Reviewing 2022 and a Preview of 2023

    Twenty years back, “identity theft” was imagined as pictures of shady figures rifling through gar...

    Shufti’s ID Fraud Report: Reviewing 2022 and a Preview of 2023 Explore More

    Blog

    Top 10 FinTech Trends to Watch for in 2022

    2021 was a game-changer for the FinTech sector as it has come up with innovative payment gateways...

    Top 10 FinTech  Trends to Watch for in 2022 Explore More

    Blog, Online Marketplace

    Industrial significance of KYC / AML Compliance in 2019

    As the type and amount of fraudulent activities have increased over the years, governments and re...

    Industrial significance of KYC / AML Compliance in 2019 Explore More

    Blog

    Evaluating the Potential of Digital ID Verification Systems in 2022

    Identity fraud and synthetic identities are skyrocketing and collectively account for a loss of ​...

    Evaluating the Potential of Digital ID Verification Systems in 2022 Explore More

    Blog, Financial Crime / AML, Online Marketplace

    Billion Dollar AML Compliance Plan for the Financial Sector

    The financial services sector has long been blamed for the spread of financial crimes like money ...

    Billion Dollar AML Compliance Plan for the Financial Sector Explore More

    Blog

    The Future of Identity Verification: Shufti CEO Shahid Hanif on Adaptability, Innovation, and Technology Leadership

    As fraud threats become increasingly sophisticated and regulatory landscapes evolve, businesses m...

    The Future of Identity Verification: Shufti CEO Shahid Hanif on Adaptability, Innovation, and Technology Leadership Explore More

    Blog, Identity & KYC

    How ID Verification via OCR can transform Digital World?

    ID verification is hailed as the ultimate savior for businesses operating multiple digital channe...

    How ID Verification via OCR can transform Digital World? Explore More

    Blog

    The 5 Pillars of Anti-money Laundering Compliance

    Imposters often “launder” money acquired through illegal activities, like drug trafficking, so th...

    The 5 Pillars of Anti-money Laundering Compliance Explore More

    Blog

    e-IDV | Enhancing Fintech Onboarding, Operations & Compliance

    Fintech is unprecedentedly growing and changing as it responds to the always-changing tech landsc...

    e-IDV | Enhancing Fintech Onboarding, Operations & Compliance Explore More

    Blog

    Shufti’s ID Fraud Report: Reviewing 2022 and a Preview of 2023

    Twenty years back, “identity theft” was imagined as pictures of shady figures rifling through gar...

    Shufti’s ID Fraud Report: Reviewing 2022 and a Preview of 2023 Explore More

    Blog

    UK’s FIU Issues New Guidelines for Suspicious Activity Reporting

    The UK’s Financial Intelligence Unit (UKFIU) has issued new guidance in August 2021. The latest i...

    UK’s FIU Issues New Guidelines for Suspicious Activity Reporting Explore More

    Blog

    Shufti Celebrates 5 Years of Innovation in the IDV Industry

    October 2022 marks Shufti’s 5th anniversary – five successful years of building trust globall...

    Shufti Celebrates 5 Years of Innovation in the IDV Industry Explore More

    Blog

    Combatting Fraud in the Automotive Industry

    Fraud is a growing concern for many industries and the automotive industry is no exception. In 20...

    Combatting Fraud in the Automotive Industry Explore More

    Blog

    How Can 2-Factor Authentication Protect Customers Against Fraud?

    Need for Customer Authentication Mechanisms Since the existence of humanity, new innovations and ...

    How Can 2-Factor Authentication Protect Customers Against Fraud? Explore More

    Blog

    Building an Effective Customer Due Diligence (CDD) System with Shufti

    There are various factors that businesses have to consider while implementing measures to gather ...

    Building an Effective Customer Due Diligence (CDD) System with Shufti Explore More

    Blog

    Top 5 Cryptocurrency Trends to Look Out for in 2023

    2022 has been one of the most turbulent years for the cryptocurrency sector. For starters, Bitcoi...

    Top 5 Cryptocurrency Trends to Look Out for in 2023 Explore More

    Blog

    The Complete Guide | Transaction Monitoring for Financial Institutions

    With technological advancement, financial criminals have also been given a wider range of tools a...

    The Complete  Guide | Transaction Monitoring for Financial Institutions 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

    Identity Verification making online dating platforms secure

    The expansion of the internet and mobile devices has led to the rapid adoption of online dating. ...

    Identity Verification making online dating platforms secure 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