This era of technological advancement has led every industry toward the facilities of digitization. The facility of internet has revolutionized everything from head to toe. It may include online selling and purchasing, entertainment, businesses, and learning. The global gaming system of entertainment has also been moved toward the online landscape in the past few years. Particularly, after the pandemic Covid 19, people have become used to entertaining themselves with online gaming facilities.
Where the use of digital technologies has revolutionized the gaming sector with robust mechanisms, this industry is becoming closer to cybercrimes day by day. Imposters use digital means to create fake accounts with forged documents and falsified IDs. Thus, the gaming industry is prone to financial terrorism. The Electronic Identity Verification is the only solution to prevent gaming sectors from the fraud explosion.
How To Protect the Online Gaming Industry From The Hands Of Imposters?
The gaming sector faces huge transactional losses at the hands of fraudsters, who use fake IDs and access game boards. They are usually left without payments which leads the gaming industry toward huge losses. Sometimes, gamblers leave without payments while playing with a third party, it become the source of heavy penalties from pocket. There is a need for reliable solutions to overcome the crimes faced by the gaming industry.
Companies must apply a reliable, authentic verification method to authenticate individuals’ identities before having them onboard. There is a need for robust mechanisms to identify fake IDs used by criminals. Companies must check the electronic identity provided by the players to validate their authenticity. Electronic ID verification (EIDV) resolutions must be employed due to their artificial intelligence and machine learning compliances which can identify every document provided by the players. It provides precautions and enhances the security of the gaming industry.
How Does the EIDV Enhance Security Measures For Successful Gaming?
Companies are required to utilize digital means, which enables them to cope with technological advancement and have an enhanced layer of security. Firms using EIDV are facilitated with online electronic ID verification and authentication. It enables the gaming sector to have an advanced layer of cybercrime protection for online gaming safety. It enables them to protect themselves in the following ways;
Restriction For Underage Access
In electronic identification, a user is verified with the help of digital means and technologies such as AI and ML algorithms. It allows the gaming industry to acknowledge an individual’s age which gives insight for age verification. Thus, it protects gaming from having underage players who use fake documents to pretend to comply with age policies. It protects firms from various risks that are linked with underage players such as cyberbullying, harassment, and hate speech which mainly leads to business decline. Thus EIDV works as an age filter to identify pliers of a particular age group.
Identification Of Cyber Criminals
The advanced technology used in EIDV solutions allows firms to have insight into the information provided by the clients. Sometimes blacklisted fake players try to use fake IDs to access onboarding. Sometimes, unauthorized individuals use duplicate accounts to access gaming boards. The EIDV solutions can unveil fraudsters with the help of AI and ML algorithms, they can detect fake and duplicate accounts and make the gaming business secure. Moreover, it filters out legitimate and reliable persons to be on board as players who do not have any kind of risk profile.
Elimination Of Financial Crimes
EIDV measures make online transactions secure with the help of identity verification solutions. Imposters use fake IDs to access boards to execute their illicit plans. The gaming industry has to face transactional loss at the hands of unauthentic clients thus with EIDV, companies have to deal with authentic clients. It prevents the risk of financial crimes.
How Does The EIDV Process Work?
The EIDV process uses scanned documents to fetch data and carry various cross-matches for their validity. It works within seconds and identifies if the document provided is fake. Digital cloud-based storage enables multiple cross-matches over various records to identify the individual’s identity. It provides seamless onboarding in gaming by verifying a player’s identity with the help of advanced digital technologies. EIDV works along the robust artificial intelligence and machine learning pre-trained models which can detect minor variations in the case of forged and illegal documents.
The gaming industry must comply with the digital solution provided by the EIDV process. The electronic identity verification process provides the gaming sector with precautions to have multilayer security. It allows them to access a person’s risk profile to provide awareness of future risks. It makes the gaming sector secure by preventing underage players from being onboard. Additionally, it eliminates the risk of financial loss and identity theft. It protects sectors from the hands of cybercriminals with the usage of advanced identity verification solutions.