Closing identity verification companies put its customers at risk

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As a conveyancer, you know that identity verification is essential for protecting your clients from fraud and theft. But what happens when the identity verification company you’re using closes its doors?

In recent months, several high-profile cases of identity verification companies have closed down. This can leave customers vulnerable to fraud and identity theft, as the company may no longer be able to keep their data safe.

What is identity verification?

Identity verification is the process of confirming the identity of an individual. This is often done by checking their name, address, date of birth, and other personal information against government records.

Identity verification is essential for several reasons, including:

  • Preventing fraud: By verifying the identity of customers and employees, businesses can help to prevent fraud, such as identity theft and credit card fraud.
  • Complying with regulations: Meeting your compliance obligations without losing precious work hours doing fact-checking.
  • Protecting customers’ privacy: By verifying the identity of customers, businesses can help to protect their privacy and prevent their personal information from being used for fraudulent purposes.

What happens when an identity verification company closes?

When an identity verification company closes, it can leave its customers in a difficult situation. The company may no longer be able to keep its data safe and may have to find a new identity verification provider.
In some cases, the company may even sell the data to a third party, which could put it at even greater risk.

How to choose an identity verification provider.

If you’re looking for an identity verification provider, there are a few things you should keep in mind:

  1. Reputation: Choose a provider with a good reputation. You can read online reviews or ask for recommendations from friends or colleagues.
  2. Security: Ensure the provider uses robust security measures to protect your data.
  3. Accuracy: The provider should be able to verify your identity accurately.
  4. Ease of use: The verification process should be easy and convenient.
  5. Cost: The cost of the service should be affordable for you.

In addition to these five factors, you may also want to consider the following:

  • The provider’s industry experience: Choose a provider that has experience in the industry you are in. This will ensure that they understand the specific needs of your business.
  • The provider’s customer support: Make sure the provider has a good customer support team available to answer your questions and help you with any problems.
  • The provider’s compliance with regulations: Ensure the provider complies with all applicable laws. This will help to protect your business from legal liability.

By considering all of these factors, you can choose an identity verification provider that will meet your business’s needs and help you protect your customers and your data.

Why choose Scantek?

Scantek is an Australian-owned and operated identity verification company that has provided solutions to businesses since 2001. We offer a wide range of services to help companies to verify the identity of their employees, customers, and vendors.

Our solutions are secure, accurate, and easy to use. We use the latest security technologies to protect your data and have a high success rate in verifying identities. Our solutions are also easy to use so that you can start quickly.

In addition to being Australian owned and operated, we also offer many other benefits to our customers, including:

  • Compliance: We are subject to Australian law and regulations, which means that we must meet specific standards in terms of security, privacy, and accuracy.
  • Reliability: We have a proven track record of providing reliable and accurate identity verification services.
  • Cost-effectiveness: We offer our services at a competitive price, and we can often provide discounts for bulk orders.
  • Support: We offer 24/7 support, so you can always get help when needed.
  • Local knowledge: We deeply understand the Australian market and the specific needs of conveyancers.
  • Strong relationships: We have strong relationships with government agencies and other key stakeholders in Australia.
  • Trusted brand: We have a trusted brand in Australia and are known for our reliability and security.

If you are looking for an Australian-owned and operated identity verification solution that can provide you with the peace of mind that you need to know that your clients are protected. In that case, Scantek is the right choice.

Contact us today to learn more about how we can help your business.

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