Document-Based Identity Fraud on the Rise: How Businesses Can Respond
2 min read
Recent findings from Regula Security show that document-based identity fraud is on the rise, with 59% of decision-makers reporting incidents in 2024—an increase of 20% compared to 2022. This significant surge is driven by both traditional document forgeries and more sophisticated methods, such as AI-generated deepfakes. Document manipulation remains the most common form of identity fraud, surpassing even digital fraud techniques like deepfake videos and audio.
Why Document-Based Fraud is Growing
The rise in fraudulent activities involving altered identity documents reflects the broader digital shift in business operations. As more industries move online, the demand for identity verification technologies has surged. Many businesses still rely on physical document verification, particularly in sectors like aviation, where stringent security measures are essential. However, even as digital identity solutions advance, physical document fraud remains prevalent because forged documents can often bypass basic verification processes.
Mitigating the Risk: Technology and Best Practices
To combat this growing threat, businesses are investing in identity verification (IDV) technologies. Comprehensive IDV systems incorporate biometric checks and real-time verification of physical documents to prevent fraud. These systems are designed to detect inconsistencies in security features, such as holograms or embedded images, making it harder for fraudsters to manipulate documents without being caught.
Organizations are increasingly moving towards hybrid models that integrate both physical and digital ID verification, providing a layered defense against fraud. The most advanced systems are already capable of verifying dynamic security features, and businesses are encouraged to prioritize real-time document checks to ensure authenticity.
How Novatech Can Help
With the rising threat of document-based identity fraud, Novatech’s Managed IT and Cybersecurity solutions can offer a comprehensive approach to protecting your business. By incorporating robust identity verification processes and securing digital environments, Novatech helps organizations safeguard against fraud and other cyber threats. Our Managed Office Solutions provide seamless integration of cutting-edge technology, enabling businesses to verify identities efficiently while maintaining compliance with security standards.
Ready to Safeguard Your Business?
Contact Novatech today to explore how our Managed IT and Cybersecurity solutions can enhance your fraud prevention strategies and protect your organization from document-based identity fraud.
