quora
Read More about fast-id page

Shufti globally launches webinr-icon - a new kind of identity solution!

Shufti globally launches - a new kind of identity solution!

Read more

Facial Biometric Authentication for Online Dating Platforms – Building Trustworthy Relationships

b-img-facial

Online dating apps have altogether transformed the concept of socializing, and people are now interacting with each other through digital platforms. This type of interaction is getting popular, and users are widely accepting the idea of meeting new people. Users have to input all of their personal details, particularly their name, ID number, and email address, while onboarding which ultimately leaves them vulnerable to threats of identity theft. Tinder, Meetup, and Bumble are some of the most popular apps which are preferred by users where they can entertain themselves while making matches.

In 2021, there were 323.9 million users of online dating apps, and this considerable number has encouraged criminals to exploit the system loopholes and get involved in illicit activities. There are multiple types of scams, particularly romance scams, fake accounts, and identity theft which are quite common on online dating platforms. Only the users in the USA lost $547 million to romance scams in 2021, which has raised alarms for the regulatory authorities. The criminals usually use stolen identities to onboard the system while executing their illicit motives. It is in the higher interest of these platforms to implement facial biometric authentication through which they can verify the true identities of their users in real-time.

Online Dating Platforms – A Highly Vulnerable Sector to Identity Theft

Identity theft is one of the crimes which is quite common nowadays and has adopted the form of a global issue. Rapid digitization has urged users to input their personal details on the internet server. Hackers have found it an opportunity to steal their sensitive information, further abusing it for several criminal purposes. Unlike banks and other financial institutions, online dating apps have not incorporated stringent identity verification measures, aiding the bad actors in effectuating heinous crimes. Especially during the pandemic, when people started using online services frequently, there was a huge surge in cybercrime, highlighting the need for Know Your Customer (KYC) solutions.

As per a survey, 42% of online dating users aim for marriage, and over 13% got engaged or married in the past six months, which clearly indicates the importance of these platforms. With every coming year, the number of users of dating apps is increasing, which is raising the need for security measures protecting sophisticated users. Cybercriminals specifically target online dating websites to get unauthorized access to users’ sensitive information, and it is the need of the hour to counter all bad actors. One of the optimum solutions against this menace is facial biometric authentication which can verify the users’ true identities and identify all those who try to onboard through stolen details.

b-img-info

The Role of Law Enforcement Authorities in Securing Digital Dating platforms

It is estimated that there are around 1500 dating apps and more than 60% lack robust security mechanisms. This is the primary reason that cybercrime through these digital platforms is elevating, and almost all the major jurisdictions are experiencing such types of cases. Law enforcement agencies of all countries are actively working to eradicate the chances of identity scams and in the recent past, several cases have been witnessed where Police took firm action against bad actors while registering cases against them.

Criminal Gang Arrested in Malaysia and Hongkong for Romance Scam

Hong Kong and Malaysian law enforcement authorities, along with Interpol, arrested 27 criminals who were involved in various types of scams related to online dating apps. It was found during the investigation that scammers were defrauding common people through fake romance techniques and stealing their identities. The Police have revealed that users have lost millions of dollars through this fraud. All the criminals have been presented before the court, and investigations are still going on to decide their fate.

Fraudsters Scammed £5.3 Million Through Online Dating Apps

In the past six months, UK law enforcement authorities received more than 150 reports from a large number of users complaining about the misuse of online dating apps by criminals. The investigations helped the Police counter an organized gang using multiple advanced techniques to defraud dating app users and steal their identities. In a few months, they successfully made £5.3 million out of users through fraudulent techniques. Police have arrested the whole gang and making further inquiries to charge them.

Regulatory Authorities Monitoring Online Dating Platforms

Globally, crime incidents through online dating apps are picking up the pace, which has encouraged all the responsible states to take a firm stance against criminals. A large number of legislations in several countries have been witnessed recently, which have helped the jurisdictions charge the scammers and bring them under the law.

Let’s have a look at the rules and regulations which some countries are following to secure online dating platforms:

USA

Federal Trade Commission (FTC) is the primary authoritative body in the US, working to eradicate the prevailing crimes on online dating platforms. FTC has made it mandatory for all dating apps to conduct a detailed criminal background check of all the users while onboarding and report to the concerned authorities in case of any suspicious activity.

Singapore

Singapore is one of the countries which has adopted a quite rigid approach towards online dating scams. Section 376E of the Penal code put a limitation on all online dating service providers to verify the true identities of users and age while onboarding. In the past few months, the regulatory authorities have conducted an operation and blocked a large number of apps that were not complying with the law.

How Facial Biometric Authentication can Ensure Compliance in Online Dating Apps

It is an established fact that criminals usually exploit loopholes by getting access to online dating platforms using stolen identities. The ideal system to counter scammers should have an effective identity verification system that not only restricts the bad actors but also takes action against them. Facial biometric authentication is one of the optimum solutions for all service providers. It will let the system identify the users in real-time while comparing the biometric details with those on their documents. By incorporating this method, online dating apps can ensure compliance with global monitoring authorities and make the platforms a secure place for sophisticated users.

What Shufti Offers?

Shufti’s state-of-the-art facial biometric authentication services are the most viable solution for online dating apps through which they can perform strict scrutiny of their users while onboarding. Shufti’s facial verification solutions authenticate the customers’ true identities in real time and compare the details with the documents while reporting any suspicious activity. The system is efficient enough to generate results in just seconds with a ~99% accuracy.

Would you like to get more information about facial biometric authentication solutions for online dating platforms?

Connect with KYC Expert

Related Posts

Blog

Telehealth Services and Sophisticated Crimes – How Shufti Can Help Health Centers

 The speed of innovation has never been faster. Re-emerging from a global pandemic, busi...

Telehealth Services and Sophisticated Crimes – How Shufti Can Help Health Centers Explore More

Blog

Marketing Firms embracing KYC Services for Better service Delivery

Browsing through your Facebook newsfeed and you come across one of ‘Those’ friends – “Hey P...

Marketing Firms embracing KYC Services for Better service Delivery Explore More

Anti Money Laundering, Blog, Financial Crime / AML, Reg Tech

EU’s Sixth Anti-Money Laundering Directive (AMLD6)

Summary: Sixth Anti-Money Laundering Directive (AMLD6) highlights a stringent framework to combat...

EU’s Sixth Anti-Money Laundering Directive (AMLD6) Explore More

Blog

The Importance of KYC Remediation to Prevent Financial Crimes

If we talk about financial institutions including banks and their processes, one can freely argue...

The Importance of KYC Remediation to Prevent Financial Crimes Explore More

Blog

AML in Real Estate – Combating Property Scams at the Forefront

Real estate is deemed to be a profitable and safe business to invest in thanks to its ever-growin...

AML in Real Estate – Combating Property Scams at the Forefront Explore More

Blog

KYC Verification: Eliminating Fraud from Crypto Exchanges

Despite persistent volatility, the crypto market continues to yield profits. Whilst the market wi...

KYC Verification: Eliminating Fraud from Crypto Exchanges Explore More

Blog

Combating 8 Prevalent Biometric Fraud Through a Single AI Solution

Considering how criminals are attempting new strategies to “steal a face”, companies are no longe...

Combating 8 Prevalent Biometric Fraud Through a Single AI Solution Explore More

Blog

Gaming Industry Crimes and KYC/AML Solutions – What Shufti Can Offer

From the world’s glitziest gaming development to betting shops on the high streets, the global ga...

Gaming Industry Crimes and KYC/AML Solutions – What Shufti Can Offer Explore More

Blog, Online Marketplace

7 Identity theft protection practices for Business and Recuriters

Identity theft is now no more a cause of concern for the individual users only as corporations an...

7 Identity theft protection practices for Business and Recuriters Explore More

Blog

10 Frequently Asked Questions about Real-time Document Verification

As we’re propelled deeper into digital transformation, techniques employed by scammers are ...

10 Frequently Asked Questions about Real-time Document Verification Explore More

Blog

5 Ways how IDV Provides an Active Defense Against Fincrime

Identity theft, account takeovers, and data breaches… The world has seen enough cybercrime ...

5 Ways how IDV Provides an Active Defense Against Fincrime Explore More

Blog

Top 10 Biometric Technology Trends to Watch For in 2022

Biometric innovations in present times have manifested various technological advancements and the...

Top 10 Biometric Technology Trends to Watch For in 2022 Explore More

Blog

Digital Currency – Replacing Fiat Money in the Modern World

Technological advancements are leading to better transaction systems in different states. Cryptoc...

Digital Currency – Replacing Fiat Money in the Modern World Explore More

Blog

Risk Assessment and Management | Why do Businesses need it?

B2B partnership always carries risks that must be managed whilst staying compliant. Business part...

Risk Assessment and Management | Why do Businesses need it? Explore More

Blog

Video KYC – Understanding the ‘what’ and ‘how’ [A short guide]

Archaic and lengthy KYC procedures were soon to be rendered obsolete by the rapid rate of digitis...

Video KYC – Understanding the ‘what’ and ‘how’ [A short guide] Explore More

Blog

Combating Money Muling Activities With Shufti’s AML Screening Services

The coronavirus pandemic has brought about unusual changes in industries and lifestyles across th...

Combating Money Muling Activities With Shufti’s AML Screening Services Explore More

Blog

Top 5 Ways to Improve Transaction Monitoring in Fintech

Fintech is a fast-growing sector that combines finance and technology to assist businesses and cu...

Top 5 Ways to Improve Transaction Monitoring in Fintech Explore More

Blog

How E-Commerce sites can prevent scams over Black Friday and Cyber Monday

For online businesses, customer authentication for internet payments is very crucial. An ever-inc...

How E-Commerce sites can prevent scams over Black Friday and Cyber Monday Explore More

Blog

Post COVID-19 – What are the alternatives to fingerprint biometrics for identity verification?

The way things are headed, there is no doubt about the fact that the world will be a different pl...

Post COVID-19 – What are the alternatives to fingerprint biometrics for identity verification? Explore More

Blog

Top 10 AML Trends to Watch for in 2022

In 2021, the increasing scope of regulatory sanctions has affected businesses globally. The use o...

Top 10 AML Trends to Watch for in 2022 Explore More

Blog

Swipe Right on Facial Verification for Secure Online Dating

In today’s COVID-ridden world, in-person dating is deemed very risky due to the spread of the vir...

Swipe Right on Facial Verification for Secure Online Dating Explore More

Blog, Business Technology, Identity & KYC

The Reason Why Companies Painstakingly Screen Customers

Remote identity Proofing:  generally believe that more customers bring more revenue. But that is ...

The Reason Why Companies Painstakingly Screen Customers Explore More

Blog

Protect Your Bitcoin Business With KYC Compliance

Even with a lot of resistance to its use as a form of currency, Bitcoin and its blockchain techno...

Protect Your Bitcoin Business With KYC Compliance Explore More

Blog

How machine learning changed facial recognition technology?

We are entering a new era of fast and secure authentication clubbed with a perfect storm of digit...

How machine learning changed facial recognition technology? Explore More

Blog

Overcoming the Challenges of Proliferation Financing with AML Screening Solutions

On September 23rd, the 2021 UK NRA (National Risk Assessment) was published as part of the govern...

Overcoming the Challenges of Proliferation Financing with AML Screening Solutions Explore More

Blog

Understanding UBOs: A Critical Component in Enhancing Security in the Financial Sector

Regulated entities must be aware of who they are interacting with. Validating the real identities...

Understanding UBOs: A Critical Component in Enhancing Security in the Financial Sector Explore More

Blog, Business Technology

The demand for OCR Technology increasing for ID Verification

ID verification is core to overall identity verification services that help business around the g...

The demand for OCR Technology increasing for ID Verification Explore More

Blog

Online Dating Activities, Surging Crimes and Shufti’s IDV Solution

Matchmaking is considered one of the oldest industries in existence, online dating is now having ...

Online Dating Activities, Surging Crimes and Shufti’s IDV Solution Explore More

Blog

Identity Verification and Prevailing Crimes – How Shufti’s Proof of Verification Services Can Help

With growing digitization, emerging technologies, and increased use of online transactions, a hug...

Identity Verification and Prevailing Crimes – How Shufti’s Proof of Verification Services Can Help Explore More

Blog

January 2023 Recap: Major Events Worldwide and How AML Verification Solution Can Help

Noncompliance with Know your Customer and Anti Money Laundering (KYC) regulations continue to pla...

January 2023 Recap: Major Events Worldwide and How AML Verification Solution Can Help 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

Top 5 Industries that AI will Transform in 2021

Artificial intelligence is becoming a comprehensive and encyclopedic term to describe any innovat...

Top 5 Industries that AI will Transform in 2021 Explore More

Blog

Singapore’s Digital Payment Token and AML Regulations [2022 Updates]

Financial crimes are an ever-increasing threat to the global economic climate. As a financial hub...

Singapore’s Digital Payment Token and AML Regulations [2022 Updates] Explore More

Blog

The ‘What’ and ‘How’ of Address Verification Service

The rising number of chargebacks and other fraudulent activities has led organisations to develop...

The ‘What’ and ‘How’ of Address Verification Service Explore More

Blog

Securing Digital Landscape with Electronic Identity Verification Services in 2023

With a surge in identity document forgery, the likelihood of onboarding a criminal has grown subs...

Securing Digital Landscape with Electronic Identity Verification Services in 2023 Explore More

Blog

Liveness Detection | An Extra Layer of Protection Against Spoofing and Fraud

The consumer demand for biometric and facial authentication technologies is rising, with the mark...

Liveness Detection | An Extra Layer of Protection Against Spoofing and Fraud Explore More

Blog

Liveness Detection | An Extra Layer of Protection Against Spoofing and Fraud

The consumer demand for biometric and facial authentication technologies is rising, with the mark...

Liveness Detection | An Extra Layer of Protection Against Spoofing and Fraud Explore More

Blog

Customer Risk Assessment – A Landmark Approach to Fight Identity Fraud

Identity theft is the most prominent cybercrime which has raised alarms for global law enforcemen...

Customer Risk Assessment – A Landmark Approach to Fight Identity Fraud Explore More

Blog

Know Your Investor | Simplify the Onboarding Process

Businesses at any stage need to onboard credible partners and investors who bring in capital and ...

Know Your Investor | Simplify the Onboarding Process Explore More

Blog

Six Ways to Protect Your Business from Christmas Scams

Christmas is around the corner and all of you must be very excited to decorate christmas trees, e...

Six Ways to Protect Your Business from Christmas Scams Explore More

Blog

Beyond the Blue Checkmark – Online Age Verification Solution to Secure Minors’ Identity

As minors are going online and utilizing digital services as well as smart gadgets more frequentl...

Beyond the Blue Checkmark – Online Age Verification Solution to Secure Minors’ Identity Explore More

Blog

COVID-19 and Travel & Tourism Industry – What Opportunities Await Post-Pandemic?

The world is completely exhausted with the COVID-19 pandemic. The corporate sector has lost enoug...

COVID-19 and Travel & Tourism Industry – What Opportunities Await Post-Pandemic? Explore More

Blog

e-IDV: The Key to Fraud Prevention in FinTech

After years of enormous growth, investment in the fintech market declined in 2022. Susceptibility...

e-IDV: The Key to Fraud Prevention in FinTech Explore More

Blog

The Top Customer Onboarding Tips for Businesses

Today every business is competing to boost their retention rate and offer their audience a secure...

The Top Customer Onboarding Tips for Businesses Explore More

Blog

5 Features of the Best Transaction Monitoring Solution

Criminals are continuously devising sophisticated strategies to launder illegally-acquired money....

5 Features of the Best Transaction Monitoring Solution Explore More

Blog

Securing Telehealth Services and Fighting Identity Fraud with Shufti’s ID Verification Solution

The telehealth industry has been completely revolutionized by services ranging from medical essen...

Securing Telehealth Services and Fighting Identity Fraud with Shufti’s ID Verification Solution Explore More

Blog

AML/CFT Compliance – Why Australia is a Safe Haven for Money Laundering

Recent inquiries and cases against major Australian casinos have raised questions about the measu...

AML/CFT Compliance – Why Australia is a Safe Haven for Money Laundering Explore More

Blog, Online Marketplace

KYC Services and AML Compliance Services for Forex Industry

Forex Industry stands to benefit a lot by incorporating KYC services in addition to AML Complianc...

KYC Services and AML Compliance Services for Forex Industry Explore More

Blog

Securing Telehealth Services and Fighting Identity Fraud with Shufti’s ID Verification Solution

The telehealth industry has been completely revolutionized by services ranging from medical essen...

Securing Telehealth Services and Fighting Identity Fraud with Shufti’s ID Verification Solution Explore More

Blog

Rising Social Media Scams in 2020 Calling for Digital Identity Verification

Social media was a simple place for interaction a few years back. People valued it for its securi...

Rising Social Media Scams in 2020 Calling for Digital Identity Verification Explore More

Blog

The Future of Customer Onboarding Post-COVID-19 Pandemic

The COVID-19 pandemic has changed our lives to the fullest and businesses have suffered a lot as ...

The Future of Customer Onboarding Post-COVID-19 Pandemic Explore More

Blog

Top 5 Technologies Disrupting the Healthcare Sector

Within the next five years, experts are anticipating major technological disruption in the 808 bi...

Top 5 Technologies Disrupting the Healthcare Sector Explore More

Blog

UK Watchdogs Hit Financial Institutions with Record AML Fines in 2021

A dramatic increase in Anti-Money Laundering (AML) fines was seen in 2021 as financial watchdogs ...

UK Watchdogs Hit Financial Institutions with Record AML Fines in 2021 Explore More

Blog

The Ultimate KYC Checklist for 2023 to Ensure Regulatory Compliance

Non-compliance cost businesses billions of dollars. Regulators have charged financial firms with ...

The Ultimate KYC Checklist for 2023 to Ensure Regulatory Compliance 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

How OCR Helps in Fighting Financial Crimes?

OCR, also known as Optical Character Recognition, isn’t a new technology. However, it’s use in fi...

How OCR Helps in Fighting Financial Crimes? Explore More

Blog

How Optical Character Recognition is Changing the Financial Industry

Banking and other financial services are the world’s most closely watched and strictly gove...

How Optical Character Recognition is Changing the Financial Industry 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, KYB & KYT Tying the Loops for Identity Verification

Digital fraudulent activities are rising with every passing day, businesses are adopting reactive...

KYC, KYB & KYT Tying the Loops for Identity Verification Explore More

Blog

KYC Compliance for DeFi Platforms – Finding the Balance for a Secure Future

The rise of decentralized services in the form of digital asset trading platforms and DeFi consta...

KYC Compliance for DeFi Platforms – Finding the Balance for a Secure Future Explore More

Blog

Identity verification for fair and free US elections amid COVID-19

US Elections 2020 is the talk of the town these days. But with COVID-19 pandemic going on how wil...

Identity verification for fair and free US elections amid COVID-19 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

On-Premises Identity Verification – A Solution to Prevent Data Breaches

From virtual modes of communication to digitised solutions for operating efficiently, the perks o...

On-Premises Identity Verification – A Solution to Prevent Data Breaches Explore More

Blog

Know Your Investor | Understanding Which Investors to Onboard

Investor onboarding is regarded as one of the most critical stages of the business’s lifecy...

Know Your Investor | Understanding Which Investors to Onboard Explore More

Blog, Online Marketplace

KYC for Banks: Reducing financial risk with a perfect digital solution

The banking sector has to tread a very balanced path between compliance regulations and customer ...

KYC for Banks: Reducing financial risk with a perfect digital solution Explore More

Blog

AML Compliance – Putting an End to Money Laundering in Crypto Firms

In the past few years, cryptocurrencies were widely adopted as an investment method by not only i...

AML Compliance – Putting an End to Money Laundering in Crypto Firms Explore More

Blog

Enhanced Digital Security with Facial Recognition and Liveness detection

The increasing number of cyber-attacks and online fraud calls out for strong security measures. U...

Enhanced Digital Security with Facial Recognition and Liveness detection Explore More

Blog

Mobile Banking Adoption and the Rising Fraud Concerns Worldwide

People have been repeatedly talking about the COVID-driven digital “transformation” in the bankin...

Mobile Banking Adoption and the Rising Fraud Concerns Worldwide Explore More

Blog

The Emerging Threat of DeepFakes and the Role of Video KYC

With technological advancement, cybercriminals are revising their strategies to commit fraud. Cri...

The Emerging Threat of DeepFakes and the Role of Video KYC Explore More

Blog, Identity & KYC, Online Marketplace

Age Verification – Does Your Business Need It?

Several businesses are unaware of the significance that age verification holds for their business...

Age Verification –  Does Your Business Need It? Explore More

Blog

eIDAS and eIDs – The Shift in Identity Verification in the EU & Beyond

In the digital world, ensuring the security of international transactions is the ultimate goal of...

eIDAS and eIDs – The Shift in Identity Verification in the EU & Beyond Explore More

Blog

AML and KYC Regulations in China – New Requirements to Secure Financial Industry

China’s financial system is undergoing a pivotal transformation. The country is limiting sharehol...

AML and KYC Regulations in China – New Requirements to Secure Financial Industry 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