The Importance of Selfie Verification API for Digital Identity Verification
Identity fraud is on the rise, and con artists are getting more skilled. 52% of businesses reported experiencing fraud in the previous 24 months, according to a PwC-commissioned poll. 10% of them even claimed that their most disruptive occurrence cost them more than $50 million in financial terms. Personal data is being sold on the dark web, accounts are being hacked, and phishing emails are being sent.