Download Whitepaper - How Businesses can prevent fraud during COVID-19 using KYC and AML screening tools
Search
Generic filters
White Paper

How businesses can prevent fraud during COVID-19

Action Fraud reported that since Feb. 1, it received 105 reports of crime with a coronavirus…

424
Download Button 123
Name *

Company Email *

Company Name *

I agree to receive the latest updates, information, and relevant offers from Shufti Pro.

What’s Inside?

  • Cyber scams are on the rise amid COVID-19 pandemic
  • Increasing risks of fraud
  • Low cyber resilience
  • Data and security risks
  • AML and CDD
  • What strategy should be adopted?

A large number of businesses are going online but they’re exposed to a huge threat which is globally rising COVID-19 related frauds (identity theft, account takeover fraud, money laundering) and cybercrimes. The financial sector has the responsibility to identify and mitigate fraudulent activities more than ever now to prevent criminals from exploiting the financial sector.

Cyber attacks swelled, ranging from the phishing attempts to social engineering tactics and resulting in identity theft, account takeover frauds and other financial frauds. Cybersecurity experts are mobilising globally to provide threat intelligence and combat these attacks. The increasing number of cybersecurity attacks are making authorities worried about the situation, which is why the officials are issuing warnings on their platforms. Moreover, global losses due to Business Email Compromise (BEC) fraud exceeded $12.5 billion.

Shufti Pro with its suite of technologies to protect financial institutions and digital businesses has been helping organisations to fight fraud including credit card frauds, identity scams, money laundering and terror financing. The institutions need to incorporate KYC alternatives for the successful onboarding of real customers and fraud mitigation. These alternatives include Shufti Pro’s video KYC, Digital KYC verification and AML screening solutions. Shufti Pro is offering online fraud prevention tools based on AI technology to help firms deal with these kinds of frauds.

  • Know-your-Patient

    Know Your Patient – A 360° view of patient identification in healthcare

    View Detail White Paper
  • image-report

    Enhanced AI – Augmenting Identity Verification with Artificial Intelligence

    View Detail Report
  • Kyc Guide Uk

    A comprehensive guide to KYC and AML compliance in the UK

    View Detail Product Guide
  • Insurance

    Growing Frauds and Financial Crime in Insurance and the Role of Digital KYC

    View Detail White Paper
  • Banking on Biometric

    Banking on Biometrics: The Future of Customer Authentication

    View Detail White Paper
  • ocr-img-whitepaper

    Fully Embracing Digital Transformation with Automated AI OCR Engine

    View Detail White Paper
  • GCC report

    Rising trend of KYC/AML compliance in GCC countries

    View Detail Report
  • video-kyc-product-guide

    Video Interview KYC – Efficient & Secure Customer Onboarding

    View Detail Product Guide
  • real estate

    Need for Identity Verification To Deal With Money Laundering Threats in Real Estate Sector

    View Detail White Paper
  • Remote-onboarding

    Onboarding Remote Employees: How Identity Verification Can Reduce Risks in Hiring Process

    View Detail White Paper
  • Whitepaper healthcare

    How Automation will Improve Operational Efficiency in the Healthcare Industry

    View Detail White Paper
  • Whitepaper telecom

    Automated ID Verification System to Tackle Telecom Frauds

    View Detail White Paper
  • whitepaper KYC-AML-compliance-for-ICOs

    Launching an ICO? Learn Why KYC and AML Compliance Matters

    View Detail White Paper
  • fintech-customer-video-KYC-img

    Fintech customer onboarding through video KYC

    View Detail White Paper
  • Impact-of-regulatory-changes

    Impact of Regulatory Changes in the Financial Sector

    View Detail Report
  • New account Fraud

    New Account Fraud- A new breed of scams

    View Detail Report
  • KYC-in-Gaming-Industry

    Tackling fraud while giving a seamless experience to the players

    View Detail White Paper
  • How Businesses can prevent fraud during COVID-19

    How businesses can prevent fraud during COVID-19

    View Detail White Paper
  • Need for online age verification to protect minors

    Need for Online Age Verification to Protect Minors

    View Detail White Paper
  • Biometrics for Identity Verification

    Biometric Technologies Reshaping Identity Verification

    View Detail White Paper