Vcheck Launches ID Verification and Liveliness Solution to Combat Rising Employment, Contractor, and Borrower Fraud

Vcheck’s ID verification solution combines AI with human insight to prevent identity fraud and improve clients’ ID verification, authentication, and validation capabilities. With broad applications in KYC, employment and contractor networks, and private lender/borrower due diligence, ID verification prevents bad actors from gaining access to internal systems through thorough identity and liveness verification.  

The Growing Need for Advanced ID Verification

With the rise of new sophisticated AI generation tools, manual document verification has become highly unreliable, leaving businesses at risk of employment or vendor fraud. More firms are experiencing insider threats, with giants like Microsoft experiencing four in the past 18 months alone.   

Vcheck’s new ID verification technology addresses these challenges head-on, providing a secure, user-friendly, and highly efficient solution that meets the demands of the modern digital landscape.  

What Sets Vcheck’s ID Solutions Apart  

1. Document Tamper Checks: Leverages state-of-the-art document authentication tools to conduct 100+ forgery tests against the document including text and photo manipulations. Vcheck’s tool also verifies an ID’s status with State MVR to determine if the information provided is on file with the state.
2. Liveliness Tools: The tool validates liveliness and facial matches to ID documents through live photo capture, 3D depth analysis and facial mapping.
3. IP Address Verification: The system pulls and validates the IP address from the device used to submit evidence to confirm claimed location.  

Real-World Impact: Protecting Businesses from Threats

“It’s very exciting – we are helping companies solve emerging threats like the DPRK remote work schemes that have been infiltrating companies worldwide,” said Lyndee Fletcher, President of Vcheck. “Point-in-time background checks are no longer sufficient. As threats grow more sophisticated, so must our solutions. Vcheck’s ID verification and liveness validation is a key advancement in safeguarding against these risks.”  

Vcheck’s ID verification solution has proven its efficacy in protecting businesses from insider and third-party threats.  

Recently, Vcheck flagged a suspicious ID run as part of a client’s employment onboarding process. Investigators examined the license & IP address, and discovered the candidate, who was supposed to be in Ohio, had submitted the documents from China. Additional verifications were run against the government documentation, and it was confirmed that the license was a forgery. This is one example of many where Vcheck’s ID verification tools prevented fraudulent workers from accessing a client’s internal systems. 

Palo Alto Networks featured Vcheck in an article outlining how they are partnering with Vcheck to detect and prevent these types of attacks.  

ID Verification: A Key Risk Mitigation Strategy

As foreign threats and technology advance, businesses must evolve their risk mitigation strategies to stay ahead of emerging threats. ID verification is a critical component of this strategy, providing a barrier to fraud, financial crime, and reputational damage. By implementing robust ID verification and liveliness procedures, businesses can significantly reduce risks, build trust, and comply with regulatory requirements. 

To learn more about Vcheck’s ID verification solutions and how they can benefit your business, contact us.