This tech-driven age has changed the way individuals used to perform banking processes and shopping activities. From banking transactions to doing groceries, customers carry out all tasks digitally these days. No doubt technology has eased the tasks for everyone, but it has also paved the way for age verification online scams.
As access to digital platforms is not limited to adults only, children equally enjoy the perks of living at this age. Fraudsters, therefore, target the most vulnerable age group as they are an easy target for them. To control this situation, businesses must follow age verification regulations.
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Imposters use social media, e-commerce platforms, and gaming sites to carry out their illegal activities. Keeping in view the severity of the matter, regulatory watchdogs have developed age verification laws to prevent minors from digital scams. Businesses that offer KYCC can also practice age verification to protect minors.
Online Age Verification – What and How?
Individuals and audiences are prevented from accessing digital content. And services that are not appropriate for their age by using online age verification. Merchants who sell age-restricted commodities must only sell to people who are of legal drinking age. It is vital for internet companies to know their consumers’ ages. And digital age verification offers a realistic solution. It provides a safe and secure environment for children to engage in internet activities. While being compliant with regulations.
How Does Online Age Verification Operate?
Age Verification solution helps businesses onboard legitimate clients for login and transaction authentication while also safeguarding them from fraudsters and preventing children from becoming identity thieves. Online age verification process has four steps, which are explained below:
Submission of DOB documents:
The end-user enters information such as his or her name and date of birth into an online form.
Deposition of Document to the Verification Portal:
A photo of a government-issued ID card, driver’s license, or passport is uploaded and submitted for verification.
Extraction of Identity Credentials Through the Verification System:
The age verification solution uses optical character recognition (OCR) to extract relevant data such as the date of birth and name, as well as perform document authenticity checks.
Verification of Results Extracted from the Submitted Documents:
After successfully verifying the data and document originality, the end-user is verified or rejected based on the set age verification threshold.
Working of Online Age Verification System
Businesses can use Online Age Verification to confirm their customers’ ages in order to safeguard minors from identity fraud. End-users must submit their personally identifiable information via an online form. A photo of the user’s identity document is also required. The use of OCR technology to extract details and match them with the provided information allows for precise age verification.
This industry has recently become so popular and COVID-19 has participated to make it so common these days. Reports state that over a billion players have been registered on gaming websites worldwide. Fraudsters take this as a golden opportunity to fulfill their evil aims by stealing the identity of players or tricking them into illegal activities. Cybercriminals take full benefit of the anonymity provided by digital gaming sites.
The most susceptible age group to these criminal activities is the minors. Because of their innocence, imposters keep them at the primary target. To ensure the safety of the minors on these platforms, gaming service providers must adhere to age verification regulations. Age checks can not only save underage from facing any adverse effects but they can also provide an edge to businesses to offer a better customer experience.
Social media is in the talks and people are using it since the time it came in the market. It gained hype among the students during COVID-19 when they were asked to take online classes. As the minors achieved access to mobile phones and laptops, their digital activities were not limited to homework and studying.
Apart from adversely affecting their learning capabilities, the use of social media has also increased. Just like on gaming platforms, the use of social media also costs minors to face scams such as identity fraud and personal information leaks. Businesses that do not adhere to age verification protocols face adverse consequences.
Facebook, TikTok, and Instagram are the favorite apps of young people where they casually publish their personal data along with their photos. These details are then used by the fraudsters to gain sensitive payment credentials. This is not it, several advertisements run on these social media channels that make the children click on them, and then they are directed to the page that extracts the personal details of the users.
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Therefore, it is important for the platforms to practice robust identity verification measures to protect individuals from online scams. Age verification solutions identify the age of children to confirm if the businesses are offering their services to legitimate users.
Age Verification laws for Online Gaming
Every country is striving to address the threats to children on online platforms. Among them, the UK government is an active participant to protect their children. Recently, the country has selected the Office of Communications as the regulatory body for internet security. This reflects that Ofcom is liable to protect social media channels and users from any illegal activities.
Online gaming is a prominent sector when we talk about facing fraudulent activities. To control this, FinCEN has established age verification regulations for the gaming businesses. Another US law that is directed towards protecting minors is COPPA (Children’s Online Privacy Act). This is aimed at securing the personally identifiable information of minors below the age of 13.
The banking sector is also required to practice online age verification as a lot of banking operations are being carried out through mobile applications.
The rising number of online scams directed towards children has drawn the attention of regulatory bodies to develop age verification solutions. Several businesses like online gaming and gambling, banking, and social media platforms are the primary targets of fraudsters to hit children. Developing a secure online landscape for children by protecting the age-restricted content with an effective solution is the need of the hour.