Property brokers are more and more looing to implement extra sturdy digital ID options amid rising considerations about AI-powered identification fraud.
Shopper due diligence platform Thirdfort has reported a 48% year-on-year rise within the variety of property brokers adopting its expertise, as knowledge signifies that AI-driven fraud is on the rise.
In line with Cifas’ Fraudscape 2025 report, AI-powered identification fraud ways contributed to a 5% rise in reported circumstances in comparison with 2023. Identification fraud has reached report ranges, remaining essentially the most prevalent kind of fraud. Fraudsters are additionally exploiting distant, digital-first environments. A staggering 86% of circumstances have been carried out by on-line channels, reflecting each the size of digital impersonation and the accelerating shift to on-line companies.
In response, property professionals are searching for extra sturdy digital identification options, with a few of the most dependable techniques incorporate a number of verification options, together with validating chipped paperwork, facial recognition, scanning below varied mild sources, and cross-referencing exterior knowledge sources – from PEPs and Sanctions screening to handle validation, mortality checks, and databases of misplaced and stolen paperwork.
Olly Thornton-Berry, co-founder and CEO of Thirdfort commented: “The subject of AI is more and more arising in gross sales and onboarding conversations with property professionals. But while it’s changing into simpler for criminals to create convincing pretend paperwork, we have now particular protocols in place to guard towards these dangers.
“Thirdfort’s identification verification options use NFC-based ID verification and biometric chip studying to extract and validate knowledge, performing ‘liveness’ checks by matching a person’s facial scan with the picture on their passport chip.”
