Using Global Identity Check to Secure Your Business

 

It's important that fraudsters are prevented from accessing your platform for the success of your online business. Because of this, WorkSeer offers products that assist companies in getting to know and trust their consumers at every stage of the customer lifecycle. Risk signals are an effective technique for determining a user's risk from the outset and for tailoring the onboarding process for each person based on the findings. However, they can also be useful for determining the risk associated with current clients. We'll examine how the Global Identity Check risk signal does both in this article.

 

Global Identity Check: What is it?

 

A lightweight risk signal called Global Identity Check compares the user's name, email, phone number, and address to hundreds of databases connected globally to evaluate risk. It responds to a few crucial inquiries, such as: • Do the email, phone number, and address appear to be valid?

• Do the name, email, phone number, and address match up, or does it seem like a fraudster is using one of these data points?

• On how many recent credit applications and other onboarding requests have you seen these data points? Is the volume of traffic consistent with a genuine user or does it suggest fraud?

 

Customizing the Onboarding Journey

 

You can find out upfront whether this person needs more investigation by running their information through Global Identity Check before you run more expensive checks.

For instance, if your company has a low level of security Depending on the results and your needs, you might only ask the user to scan their ID and selfie if the risk level was moderate or high. On the other hand, if their Global Identity Check result is higher than a predetermined threshold and your business has higher security requirements, you might completely stop the workflow and forgo running ID verification or an expensive credit report.

 

Ongoing Monitoring

 

Global Identity Check on current customers is also helpful. For instance, you might want to run Global Identity Check again if a customer is about to make a sizable payment or the payment is going to a specific jurisdiction to see if the customer's risk has changed, which could indicate that their identity has been stolen or their accounts have been compromised over by a fraudster.