RITIKA SHARMA / EMIRATES BUSINESS
ID fraudsâ€”one of the fastest growing crimes â€“ adversely impacts the private sector and causes enormous losses. Around 54 percent of data breaches in 2014 were related to identity thefts, where 17 percent aimed at financial access and 11 percent sought account access, indicates a recent survey.
In order to subdue the number of ID frauds in UAE, Gemalto, the world leader in digital security, is offering local banks and mobile operators tailor-made solutions via its flexible ID Verification platform.
Jean-Claude Perrin, Vice President of Strategy and Marketing for Gemalto, told Emirates Business, â€œOne of the most frequent crimes that people in banking and telecom fields experience is identity frauds. It is growing worldwide and the situation in UAE is no different. It is high time that organisations should consider having fool-proof verification systems.â€
ID Verification protects enterprises against the threat of fraudsters opening bank accounts or acquiring subsidised mobile phones, and provides them a firm foundation to launch innovative services.
â€œGemalto is recognised as the worldâ€™s leading provider of secure identity documents for governments, with a document template database covering 170 countries which is a key element of our ID Verification offers,â€ said Perrin.