While you may think that enterprises are happy to have increased their exposure by owing a digital space, the reality displays the other story. With the increased digitization of the world, the number of digital frauds has also increased. Not only businesses, but fraudsters also target customers to become successful in their proceedings. Criminals always look for something weak or vulnerable in systems to target. According to a study, large-scale breaches are increasing in frequency and intensity in 2020, with the number of breaches increasing up to 273%. It is necessary to protect minors from becoming a victim of online theft. Age-restricted websites can play their part in saving children from facing identity theft by employing age verification solutions.
Introduction to Age Verification
The process of verifying individuals based on their age is called age verification. Age verification solutions are employed by websites that sell age-restricted products like alcohol, e-cigarettes, and tobacco. If you are a business that sells any of the age-oriented goods then deploying age checks are necessary to keep your business going. Businesses doing KYCC can also employ age verification solutions.
Traditional V/S Advanced Age checks
Before long ago, when businesses shifted to digital space, age-restricted industries used to check individuals in a simpler way. All they are required to do is either manually type their date of birth or simply check the box if they are above a certain age. Minors used to fool the system by lying at the moment. This way they also opened doors for becoming a victim of false activities of criminals.
With the advancement in technology and the increasing number of frauds against minors, regulatory authorities took the step to protect the innocence of children. Businesses of age-limited products are given a set of rules to abide by. These rules would confirm that products are accessed by individuals they are made for.
Process of Age Verification
More advanced or the current method of verifying the age of individuals is a simple yet efficient process. The end-users require to enter their name and date of birth. Later the system would require the user to upload an image of any government-issued ID document that includes an ID card, driving license, and passport. OCR software would extract the information from the document and date of birth and the system would then verify if the customer falls within the given age threshold. Upon successfully verifying the age, the customer would be given access to the website.
Benefits of Online Age Verification To Businesses
Good companies practice all the laws to ensure the supply of their products in a legalized way. The responsibility increases when you choose to become a hub of goods that are only usable for selective consumers. Age-restricted websites fall in the discussed category by selling age-exclusive products. Such businesses can only survive if they comply with all the regulations that policy-makers set for them. Along with survival, there are a lot of other benefits that age verification solutions provide to businesses as follows:
- Age Verification Compliance
Age verification solutions can protect businesses from experiencing any legal repercussions. Being compliant with the rules and regulations, companies can secure a name in the good book of the regulatory authorities.
- Building Trust Of Customers
Having a clean history and being famous for all the good reasons, firms can win the trust of their customers. In this age, when users have hundreds of chances, they do not spare a second thought on switching between companies they use products of. Abiding by the laws, firms do themselves good because their customers remain attached to them.
- Protecting Businesses from Penalties
Breaking laws can cost businesses hefty fines. Regulators do not tolerate any negligence when it comes to following laws. By complying with age verification, businesses can secure themselves from paying heavy penalties.
- Better Market Reputation
Age checks also protect enterprises from damaging their reputation. Any illegal activity associated with a business name or any individual when facing fraud through a business entity directly hits the reputation of organizations. Companies can enjoy a good reputation in the market by adhering to laws.
- Providing Products to Authorized users
Age-restricted industries sell products for a specific group of people. Age-verification services can provide them with a chance to filter individuals of their needs thus they can ensure their products reach only authorized individuals.
- Save Minors’ Exposure to Age-restricted Products
The foremost liability to businesses that sell products like alcohol, e-cigarettes, and online dating and gambling sites is to restrict their services to authorized individuals only. Because they can directly affect the innocence of children and minors may get influenced negatively. Therefore, it would not be exaggerating to say that businesses with age-limited content are morally and ethically liable to have a system at their end to save minors’ exposure from products illegal for them.
Conclusion
Organizations dealing with online gambling and casino sites are liable to comply with age verification solutions. These services can help them sell their products to authorized individuals only. Online age checks will protect minors from getting exposed to age-oriented goods.