In the world of iGaming, security is of utmost importance. With the rise of digital transactions, the risk of fraud and identity theft has also increased. In order to protect themselves and their customers, iGaming operators have turned to automated ID verification with biometrics.
Biometric technology uses unique physical or behavioral characteristics to verify a user’s identity such as facial recognition and liveness. Here are four ways that automated ID verification with biometrics keeps iGaming operators secure and fights deep fakes and synthetic IDs:
1 – Preventing identity theft
One of the primary benefits of biometric ID verification is that it can prevent identity theft. True biometric data like that offered by OCR Labs is unique to each individual, which means that it is nearly impossible to replicate. This makes it much more difficult for fraudsters to steal someone’s identity and use it to gain access to iGaming platforms.
2 – Fighting deep fakes
Deep fakes are a growing concern for iGaming operators. Fraudsters can use artificial intelligence to create convincing videos and images of someone that never actually occurred. This can be used to bypass traditional ID verification methods, which rely on government-issued IDs.
Biometric technology can help fight deep fakes by verifying the user’s identity through facial recognition. By comparing the user’s face to a government-issued ID and validating liveness, the system can detect any inconsistencies or irregularities that may indicate that the image has been manipulated or is synthetic.
3 – Combating synthetic IDs
Synthetic IDs are another significant security threat for iGaming operators. These IDs are created by fraudsters using a combination of real and fake information to create a new identity. This can be used to bypass traditional ID verification methods, making it difficult for iGaming operators to verify the user’s identity especially if gambling on the casino floor. Synthetic IDs can be purchased for a couple of hundred dollars.
Biometric technology can help combat synthetic IDs by using facial recognition along with liveness and data checks to verify the user’s identity. This makes it more difficult for fraudsters to create a synthetic identity that can be used to bypass ID verification methods.
4 – Enhancing user experience
Automated ID verification can also enhance the user experience on iGaming platforms. By using biometric data to verify a user’s identity, operators can make the registration and verification process faster and more convenient. This can help attract new users and retain existing ones, which is crucial in a competitive industry like iGaming. Especially when it comes to withdrawing from accounts.
In conclusion, automated ID verification with biometrics is a valuable tool for iGaming operators looking to enhance security and combat fraud, deep fakes, and synthetic IDs. Biometric technology provides an extra layer of security that is difficult for fraudsters to fake. It also enhances the user experience by making the registration and verification process faster and more convenient. As the iGaming industry continues to grow, the use of biometric technology is likely to become even more prevalent in order to protect both iGaming platforms and their users.
