COVID-19 has significantly accelerated the adoption of digital technologies across industries. Be it digital account opening, mobile banking, multiplayer gaming, e-commerce, or mobile payments—the pandemic has forced organizations and consumers to go digital.
The explosive growth in digital engagement has also led to an undesirable outcome: a sharp increase in cyber fraud. Scamsters are increasingly prying on unsuspecting first-time digital users. Identity fraud—derived on the back of credentials stolen through a massive number of phishing attacks—has gone up significantly compared to previous years. SIM swaps and account takeovers are now more common than ever before.
Here are some telling numbers on cyber fraud seen rising since the onset of COVID-19.
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Learn how to integrate Prove’s Identity Verification Solution with these simple steps. Enhance your user experience and streamline onboarding with Pre-Fill.
Prove's Developer Portal helps businesses balance strong security with a smooth user experience by providing developers with the tools they need to easily integrate identity verification into their applications, leading to streamlined onboarding and reduced fraud.
This blog explains the importance of identity verification APIs for secure and compliant applications, but also warns about common pitfalls in their implementation. It aims to guide developers on how to avoid these mistakes to ensure effective identity verification, improve user experience, and build trust in their digital platforms. The blog will delve into five specific mistakes and provide solutions, ultimately helping developers save time, reduce risks, and achieve better results.
