Fighting Online Marketplace Fraud with ID Verification
The digital world operates with almost as much consistency and traffic as the physical world. The number of users in Europe’s e-commerce market alone is projected to hover around more than 500 million users by the end of 2021. A significant portion of these ever-increasing digital activities happens in online marketplaces with global sales on online marketplaces projected to be as much as $7 trillion in 2024.
Online Marketplace Fraud - ID Verification to the Rescue
These “online marketplaces” are the new rave, and nearly everyone provides or enjoys at least one product or service via this medium. The ability to receive, hold and pay money makes online marketplaces a treasure trove for identity theft and, ultimately, financial fraud.
