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

    40.77.167.16

    New Research Reveals 307% Increase in ATO and ID Fraud Due to Generative AI and Deepfakes

    n-pr-generative

    Initially Published on PR.com 

    London, UK – November 08, 2023 Shufti, one of the leading identity proofing, risk assessment, AML screening, e-IDV, and KYB service providers, sheds light on the ATO (Account Takeover Fraud) and IDV fraud statistics. An analysis from multiple research agencies shows that ATO and IDV fraud has increased to 307% from 2019-2021, which climbed to 604% in 2023, majorly due to AI and ML.

    According to the report by Bloomberg, deepfake and generative AI technology is turbocharging a new wave of cyber fraud. “Masks created with photos from social media that can penetrate a system protected by face ID,” and “Computer-generated children’s voices are so realistic they fool their own parents” – Bloomberg’s report. 

    The proliferation of deception technology is alarming regulators, consumers, businesses, and security experts in the Fintech industry. It highlights an awareness among end-users and organisations around how deepfake technology is accelerating ID fraud. It demands the subsequent need for a powerful KYC and KYB provider for online verification and authentication of the entities to protect users’ financial and personal data.

    Shufti, one of the leading end-to-end identity verification service providers, understands the underlying concerns of verification measures for enterprises and consumers to foster secure business operations. The platform utilises machine learning and artificial intelligence, backed by human MLROs, to accurately authenticate the IDV, KYC, AML screening, and risk assessment of an entity.

    “Every year, billions of money is lost in impersonation and online fraud. Businesses must look to enforce a powerful identity verification system that supports the capability to deter modern and evolving tactics of scammers. With our proprietary machine learning algorithm and human-led MLROs, Shufti gives businesses up to 99% assurance against ID spoofing and online fraud attempts,” said Victor Fredung, CEO of Shufti.

    Another study by UKFINANCE.org reports that £177 million of the victims were lost due to impersonation scams in 2022, it’s not just in the UK, online fraud is a billion-dollar industry worldwide. 

    Shufti is one of those IDV providers working tirelessly to eradicate online scams from the market. The platform incorporates state-of-the-art 3D depth perception technology to spot deepfake deception and deter fraudsters from onboarding effectively. 

    Additionally, Shufti’s sophisticated verification algorithm processes the authentication within 5 seconds with an accuracy rate of up to 99%,  streamlining businesses’ operations without affecting user experience. 

    About Shufti

    Shufti is a leading IDV service provider offering KYC, KYB, KYI, AML screening, biometric verification, and OCR solutions, accelerating trust worldwide. It has six international offices and has launched 17+ complimentary IDV products and solutions since its inception in 2017. With the ability to automatically and securely verify 10,000+ ID documents in more than 150+ languages, Shufti proudly serves customers in 240+ countries and territories.

    For more information, please contact:

    Paul Keene
    Snr. Digital Marketing Manager | Shufti
    [email protected]
    +44 020 3435 6498

    Market Pro
    Marketing Partner | Shufti
    [email protected]

    Related Posts

    Press Release

    Mistral Pay turns to Shufti for KYC and AML Compliance services

    Shufti has joined hands with Mistral Pay to provide KYC and AML Compliance services to this M...

    Mistral Pay turns to Shufti for KYC and AML Compliance services Explore More

    Press Release

    Shufti Partners with Banxy to Create a Seamless Customer Onboarding Experience

    London, UK – April 29, 2022 – UK-based Shufti, an innovator in identity verification so...

    Shufti Partners with Banxy to Create a Seamless Customer Onboarding Experience Explore More

    Press Release

    Shufti Hits 20 Million Successful ID Verifications | Celebrating Global Trust

    Initially Published on PR Log  London, UK – October 06, 2023 – Shufti, a leading IDV provider...

    Shufti Hits 20 Million Successful ID Verifications | Celebrating Global Trust Explore More

    Press Release

    Shufti Expands its KYC Services to APAC Region

    Bath, United Kingdom – May 9, 2018 – Shufti, the PCI certified, AML and KYC Servi...

    Shufti Expands its KYC Services to APAC Region Explore More

    Press Release

    Shufti Wins Gold and Bronze awards for “Company of the Year” at the 2021 International Business Awards

    Originally Published at PR Log.  London (August 23, 2021) – The 2021  International Busines...

    Shufti Wins Gold and Bronze awards for “Company of the Year” at the 2021 International Business Awards Explore More

    Press Release

    ‘Identity Theft Reaches New Heights’ – Reveals Shufti Global ID Fraud Report 2021

    Originally published on PR Underground CANARY WHARF, UK – Feb. 18, 2022 – Globally ac...

    ‘Identity Theft Reaches New Heights’ – Reveals Shufti Global ID Fraud Report 2021 Explore More

    Press Release

    CleverDo Establishes An Alliance with Shufti to Make its Mobile Payment Application Reliable & Secure

    Originally Published on PR Log  London, UK – Feb 17, 2023 – A Canadian firm aiming to push the li...

    CleverDo Establishes An Alliance with Shufti to Make its Mobile Payment Application Reliable & Secure Explore More

    Press Release

    CSGOEmpire Deploys Shufti to Streamline Identity Verification

    London, UK – June 28, 2022 – Shufti, an innovator in identity verification soluti...

    CSGOEmpire Deploys Shufti to Streamline Identity Verification Explore More

    Press Release

    PureFi Partners with Shufti to Secure Digital Identities in the DeFi Market

    Originally Published on the Digital Journal  London, 16 July 2021 – Shufti, an AI-based...

    PureFi Partners with Shufti to Secure Digital Identities in the DeFi Market Explore More

    Press Release

    Cryptolocator Teams Up with Shufti to Build a Sound KYC Structure

    Cryptolocator, a cryptocurrency Marketplace, has recently partnered with Shufti to implement ...

    Cryptolocator Teams Up with Shufti to Build a Sound KYC Structure Explore More

    Press Release

    Carkparkhub Joins Hands With Shufti to Offer Fool-proof Transaction Experience

    Initially Published on PR Log  London, UK – June 13, 2023 – Carkparkhub, the leading online...

    Carkparkhub Joins Hands With Shufti to Offer Fool-proof Transaction Experience Explore More

    Press Release

    Iuvo Joins Forces with Shufti to Eliminate Financial Crimes in the P2P Marketplaces

    London, UK – April 20, 2023 – luvo is a European company and growing P2P marketplace that has now...

    Iuvo Joins Forces with Shufti to Eliminate Financial Crimes in the P2P Marketplaces Explore More

    Press Release

    AMLYZE Partners with Shufti to Enhance AML Screening Services

    Initially Published on PR Log  London, UK – October 25, 2023 – Shufti, a leading identity ver...

    AMLYZE Partners with Shufti to Enhance AML Screening Services Explore More

    Press Release

    Sopra Banking Software Chooses Shufti’s Groundbreaking Identity Verification Solution for Swift and Reliable KYC

    July 1 2021,  London UK – Shufti, an AI-powered identity verification services provider...

    Sopra Banking Software Chooses Shufti’s Groundbreaking Identity Verification Solution for Swift and Reliable KYC Explore More

    Press Release

    Shufti Presenting Webinar “Protecting our Youth: The Role of IDV in Ensuring Secure Gaming” – Providing Insights into the Risks Associated with Weaker KYC Systems

    London, UK – November 29, 2023 – Shufti, a globally trusted identity verification service pro...

    Shufti Presenting Webinar “Protecting our Youth: The Role of IDV in Ensuring Secure Gaming” – Providing Insights into the Risks Associated with Weaker KYC Systems Explore More

    Press Release

    Find Shufti at Money20/20 Europe

    Originally Published at Pr.com 08 September – London, UK – Shufti will be attendi...

    Find Shufti at Money20/20 Europe Explore More

    Press Release

    Try Shufti KYC Services Free of Cost for 15 Days Now

    Shufti is now offering 15 days free trial for all of its KYC services. It is a new offer by S...

    Try Shufti KYC Services Free of Cost for 15 Days Now Explore More

    Press Release

    R1SE Collaborates With Shufti to Provide Unmatched Security For Gamers

    Initially Published on PR Log London, UK – May 18, 2023 – R1SE, a gaming platform, has part...

    R1SE Collaborates With Shufti to Provide Unmatched Security For Gamers Explore More

    Press Release

    Isiklar Holding Partners with Shufti to verify the customers of their new venture Isiklar Coin

    London, UK – (17 January 2020) Shufti partnered with Isiklar Holding to provide them wi...

    Isiklar Holding Partners with Shufti to verify the customers of their new venture Isiklar Coin Explore More

    Press Release

    Xponent Collaborates with Shufti to Create a Highly Secure Experience for its Clients

    London, UK – Oct 27, 2022 – MENA’s first micro-investment mobile application that aims to a...

    Xponent Collaborates with Shufti to Create a Highly Secure Experience for its Clients Explore More

    Press Release

    Kinguin Partners with Shufti to integrate KYC solutions

    London, UK September 22nd, 2022 – The world’s first digital games marketplace, Kinguin, has partn...

    Kinguin Partners with Shufti to integrate KYC solutions Explore More

    Press Release

    Shufti takes TE-FOOD onboard for KYC compliance!

    Trusted services chosen for ensuring end-user identity verification via KYC compliance Bath, Unit...

    Shufti takes TE-FOOD onboard for KYC compliance! Explore More

    Press Release

    Momint Partners With Shufti to Offer More Secure and Sustainable Business Practices

    Originally Published on PR Log  London, UK – May 2, 2023, Momint, a blockchain technology company...

    Momint Partners With Shufti to Offer More Secure and Sustainable Business Practices Explore More

    Press Release

    Shufti Enhances its intelligent OCR Services for Seamless Data Entry Operations

    London UK- Shufti, an identity verification service provider uses its advanced artificial int...

    Shufti Enhances its intelligent OCR Services for Seamless Data Entry Operations Explore More

    Press Release

    Xponent Collaborates with Shufti to Create a Highly Secure Experience for its Clients

    London, UK – Oct 27, 2022 – MENA’s first micro-investment mobile application that aims to a...

    Xponent Collaborates with Shufti to Create a Highly Secure Experience for its Clients Explore More

    Press Release

    R1SE Collaborates With Shufti to Provide Unmatched Security For Gamers

    Initially Published on PR Log London, UK – May 18, 2023 – R1SE, a gaming platform, has part...

    R1SE Collaborates With Shufti to Provide Unmatched Security For Gamers Explore More

    Press Release

    New Shufti Fast ID solution expands Shufti into Authentication and Portable Identity

    Solution is designed to provide easy and seamless user experience London, UK – November 21, 2024 ...

    New Shufti Fast ID solution expands Shufti into Authentication and Portable Identity Explore More

    Press Release

    SpotterFitness Partners with Shufti to Provide Customers with a Digitally Secure Fitness Journey

    Initially published on PR Log  London, UK – March 31, 2023 – SpotterFitness, a wellness man...

    SpotterFitness Partners with Shufti to Provide Customers with a Digitally Secure Fitness Journey Explore More

    Press Release

    Experience Shufti at iFX Expo 2019 along with Syntellicore platform

    London, UK – Shufti will be attending the largest financial B2B expo iFX EXPO in the co...

    Experience Shufti at iFX Expo 2019 along with Syntellicore platform Explore More

    Press Release

    Rock Stable Unveils its Integration of Shufti’s IDV Solutions | A Strategic Move to Prevent Crypto Fraud

    Initially Published on PR Log  London, UK – March 13, 2023 – Rock Stable, a company that introduc...

    Rock Stable Unveils its Integration of Shufti’s IDV Solutions | A Strategic Move to Prevent Crypto Fraud Explore More

    Press Release

    Shufti Bags Nomination of the People’s Choice Stevie® Awards for Favorite Companies

    Originally Published at PR Log. CANARY WHARF, U.K. – Aug. 24, 2021 – Shufti has b...

    Shufti Bags Nomination of the People’s Choice Stevie® Awards for Favorite Companies Explore More

    Press Release

    ‘Identity Theft Reaches New Heights’ – Reveals Shufti Global ID Fraud Report 2021

    Originally published on PR Underground CANARY WHARF, UK – Feb. 18, 2022 – Globally ac...

    ‘Identity Theft Reaches New Heights’ – Reveals Shufti Global ID Fraud Report 2021 Explore More

    Press Release

    Shufti Introduces the Most Powerful e-IDV Update | Eradicating ID Spoofing from the Digital World

    London, UK – September 27, 2023 – Shufti, an award-winning identity verification service prov...

    Shufti Introduces the Most Powerful e-IDV Update | Eradicating ID Spoofing from the Digital World Explore More

    Press Release

    Hero Gaming Fights Fraud, Cuts Verification Times & Grows Customer Numbers 20% Thanks to Strategic Shufti Partnership

    London, UK – June 29, 2022  – UK based Shufti, a leader in identity verification,...

    Hero Gaming Fights Fraud, Cuts Verification Times & Grows Customer Numbers 20% Thanks to Strategic Shufti Partnership Explore More

    Press Release

    THINC and Shufti Join Forces to Elevate Identity Verification Services in the Middle East

    Initially Published on PR Log  London, UK – September 19, 2023 – Shufti, an award-winning ide...

    THINC and Shufti Join Forces to Elevate Identity Verification Services in the Middle East Explore More

    Press Release

    Shufti Continues Global Expansion With Another Office in Cyprus

    Originally Published on PR Log. CANARY WHARF, UK – NOV. 18, 2021 – World-renowned IDV...

    Shufti Continues Global Expansion With Another Office in Cyprus Explore More

    Press Release

    Vconnect to verify new businesses on its platform via Shufti

    BATH, UK – (October 8th, 2018) Vconnect, an online marketplace to connect businesses and consumer...

    Vconnect to verify new businesses on its platform via Shufti Explore More

    Press Release

    Ensuring a Secure Trading Experience: Newton Global Joins Forces with Shufti for Advanced Identity Verification

    Initially Published on PR Log  London, UK – September 22, 2023 – Shufti, a leading ID verific...

    Ensuring a Secure Trading Experience: Newton Global Joins Forces with Shufti for Advanced Identity Verification Explore More

    Press Release

    Leading IDV Service Provider Shufti Revamps its Website to Offer Enhanced User-Friendly Interface

    Originally Published on PR Log  London, UK – Jan 27, 2023 – Shufti, one of the leading IDV so...

    Leading IDV Service Provider Shufti Revamps its Website to Offer Enhanced User-Friendly Interface Explore More

    Press Release

    Shufti Continues Global Expansion with the New Ukraine Office

    Originally Published at PR.com London, UK (28 May 2021) – As part of its plan for global ex...

    Shufti Continues Global Expansion with the New Ukraine Office Explore More

    Press Release

    Shufti partners with Cryptology – Leading Crypto & Fiat Exchange Platform

    The Global Exchange platform has selected Shufti for unique automated digital KYC processes t...

    Press Release

    Owny Partners with Shufti to Eliminate Financial Fraud from Italy’s Used Cars & Motorcycles Market

    Originally Published on PR Log London, UK – Jan 31, 2023 – An Italian company with a vision of cr...

    Owny Partners with Shufti to Eliminate Financial Fraud from Italy’s Used Cars & Motorcycles Market Explore More

    Press Release

    Shufti Sponsors Sopra Banking Summit 2021

    Originally Published on PR Log.  CANARY WHARF, U.K. – Sept. 28, 2021 – Digital ID ver...

    Shufti Sponsors Sopra Banking Summit 2021 Explore More

    Press Release

    Iuvo Joins Forces with Shufti to Eliminate Financial Crimes in the P2P Marketplaces

    London, UK – April 20, 2023 – luvo is a European company and growing P2P marketplace that has now...

    Iuvo Joins Forces with Shufti to Eliminate Financial Crimes in the P2P Marketplaces Explore More

    Press Release

    Birka Partners with Shufti for Risk-Free Customer Onboarding

    Originally Posted at PR.com.  Canary Wharf, UK – Nov 24, 2021, Birka, a global SIM service ...

    Birka Partners with Shufti for Risk-Free Customer Onboarding Explore More

    Press Release

    Flexentral joins hands with Shufti for KYC & AML

    BATH, UK – (October 8th, 2018) Shufti has partnered with Flexentral to provide its next-gener...

    Flexentral joins hands with Shufti for KYC & AML Explore More

    Press Release

    Shufti Sweeps Global Business Reviews Magazine Awards 2022 With Two Major Wins

    London, UK – 2022 – A digital print magazine that focuses on updates about emerging m...

    Shufti Sweeps Global Business Reviews Magazine Awards 2022 With Two Major Wins Explore More

    Press Release

    Emerging Fintech Marketplace, Zoth, Integrates Shufti’s Robust KYC and KYB Services for Enhanced Security and Compliance

    Initially Published on PR Log  London, UK – April 4, 2024 – Zoth, an innovative RWA m...

    Emerging Fintech Marketplace, Zoth, Integrates Shufti’s Robust KYC and KYB Services for Enhanced Security and Compliance Explore More

    Press Release

    Shufti Announces Shahid Hanif as New Chief Executive Officer

    Co-founder and former CTO will work to best serve global customers and combat rising identity ris...

    Shufti Announces Shahid Hanif as New Chief Executive Officer Explore More

    Press Release

    Funanga Chooses Shufti’s IDV Solutions to Combat Fraudulent Activities

    Originally Published on PR Log London, UK – Feb 24, 2023 – Funanga, a Berlin-based fintech compan...

    Funanga Chooses Shufti’s IDV Solutions to Combat Fraudulent Activities Explore More

    Press Release

    The Payment Firm Integrates Shufti’s KYC & AML Solutions to Strengthen Customer Identity Verification and Compliance

    London, UK – Dec 8, 2022 – Online money transfer service provider, The Payment Firm has col...

    The Payment Firm Integrates Shufti’s KYC & AML Solutions to Strengthen Customer Identity Verification and Compliance Explore More

    Press Release

    Shufti Launches Innovative e-IDV Solution, Redefining Verification in the IDV Landscape

    Initially Published on Businesswire London, UK – August 15, 2023 – Shufti, an ID ...

    Shufti Launches Innovative e-IDV Solution, Redefining Verification in the IDV Landscape Explore More

    Press Release

    Shufti’s Latest White Paper Unveils MENA’s Path to Financial Innovation

    Initially Published on PR Log London, UK – July 20, 2023 – Shufti, a trusted global partner i...

    Shufti’s Latest White Paper Unveils MENA’s Path to Financial Innovation Explore More

    Press Release

    Shufti joins hands with Norwegian game studio ArtPlant for ID Verification Services

    BATH, UK – (July 4, 2018) – Shufti has partnered with a Norway based game studio, Artplant to...

    Shufti joins hands with Norwegian game studio ArtPlant for ID Verification Services Explore More

    Press Release

    EPP System® partners with Shufti® for Fraud Protection Services

      Need for digital KYC has compelled one of the pioneers in the payment processing industry ...

    EPP System® partners with Shufti® for Fraud Protection Services Explore More

    Press Release

    Shufti’s Reveals That Global Identity Fraud Increased 3.36% in 2020

    Originally Published on PR.com Shufti, a worldwide KYC and AML service provider empowered wit...

    Shufti’s Reveals That Global Identity Fraud Increased 3.36% in 2020 Explore More

    Press Release

    Another Achievement Unlocked – Shufti is Now a CyberTech100 Company

    Originally Published on Digital Journal  Shufti, the global identity verification service pro...

    Another Achievement Unlocked – Shufti is Now a CyberTech100 Company Explore More

    Press Release

    Shufti Recognised in the 2023 Gartner® Market Guide for Identity Verification

    Initially Published on Businesswire The report states, “Identity verification helps deliver secur...

    Shufti Recognised in the 2023 Gartner® Market Guide for Identity Verification Explore More

    Press Release

    Shufti Partners with Morpheus Labs to Expand Identity Verification in Blockchain Market

    London UK- Shufti, a marketing leader in identity verification services has partnered with Mo...

    Shufti Partners with Morpheus Labs to Expand Identity Verification in Blockchain Market Explore More

    Press Release

    SpotterFitness Partners with Shufti to Provide Customers with a Digitally Secure Fitness Journey

    Initially published on PR Log  London, UK – March 31, 2023 – SpotterFitness, a wellness man...

    SpotterFitness Partners with Shufti to Provide Customers with a Digitally Secure Fitness Journey Explore More

    Press Release

    Shufti’s Latest White Paper Unveils MENA’s Path to Financial Innovation

    Initially Published on PR Log London, UK – July 20, 2023 – Shufti, a trusted global partner i...

    Shufti’s Latest White Paper Unveils MENA’s Path to Financial Innovation Explore More

    Press Release

    New Research Reveals 307% Increase in ATO and ID Fraud Due to Generative AI and Deepfakes

    Initially Published on PR.com  London, UK – November 08, 2023 – Shufti, one of the leading id...

    New Research Reveals 307% Increase in ATO and ID Fraud Due to Generative AI and Deepfakes Explore More

    Press Release

    Join Shufti at the Malta AI & Blockchain Summit 2019

    London, UK – Shufti will venture into the Blockchain Island this year to attend the Mal...

    Join Shufti at the Malta AI & Blockchain Summit 2019 Explore More

    Press Release

    New Shufti Fast ID solution expands Shufti into Authentication and Portable Identity

    Solution is designed to provide easy and seamless user experience London, UK – November 21, 2024 ...

    New Shufti Fast ID solution expands Shufti into Authentication and Portable Identity Explore More

    Press Release

    Join Our “Risk Assessment” Webinar | The Importance of Risk Analyses for Business Growth

    Initially Published on PR Log London, UK – April 12, 2023 – Globally recognised, AI-p...

    Join Our “Risk Assessment” Webinar | The Importance of Risk Analyses for Business Growth Explore More

    Press Release

    Shufti lends KYC Services to Crypto Future Wealth Platform by Jeffinko.Guru

      (Bath, United Kingdom – April 7th, 2018)  Shufti, the PCI certified, digital KYC...

    Shufti lends KYC Services to Crypto Future Wealth Platform by Jeffinko.Guru Explore More

    Press Release

    Shufti Extends Digital KYC Services To Silicon Valley based Venture – BitTiger LLC

    Bath, United Kingdom – May 14, 2018 – Shufti, the PCI certified, AML and Digital ...

    Shufti Extends Digital KYC Services To Silicon Valley based Venture – BitTiger LLC Explore More

    Press Release

    Another feather in the cap! Shufti wins Biz award 2020 for the best consumer service of the year

    October 2020, London, Shufti is announced the winner under the product category of best consu...

    Another feather in the cap! Shufti wins Biz award 2020 for the best consumer service of the year Explore More

    Press Release

    Shufti Sweeps Global Banking & Finance Awards 2021 With Two Major Wins

    Originally Published at PR Log CANARY WHARF, U.K. – July 19, 2021 – Shufti has wo...

    Shufti Sweeps Global Banking & Finance Awards 2021 With Two Major Wins Explore More

    Press Release

    Shufti Announces $20 Million Series A Funding to Accelerate Growth 

    London, UK – March 2022 – A global market leader in AI-powered IDV solutions, Shufti ...

    Shufti Announces $20 Million Series A Funding to Accelerate Growth  Explore More

    Press Release

    ArtPro avails KYC services from Shufti

    (Bath, United Kingdom – September 27th, 2018) ArtPro has partnered with Shufti to avail...

    ArtPro avails KYC services from Shufti Explore More

    Press Release

    Shufti partners with Kabayan Remit to help them practice user-friendly KYC

    London, (April 2020) Shufti will now provide document verification services to UK-based remit...

    Shufti partners with Kabayan Remit to help them practice user-friendly KYC 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