Nearly half of total fraud attempts were concentrated in Maharashtra, Uttar Pradesh, Telangana and Karnataka
Maharashtra reported the highest number of fraud attempts for video KYC verification between September and October as per a report by IDfy (Integrated Identity Platform). Maharashtra reported 23,406 fraud attempts in the aforementioned period and another 17,164 attempts between March and April.
The findings, based on approximately 5.7 million video KYC verifications across India, highlighted the number of times a fraudulent individual tried to onboard a platform, either by stealing someone elseтАЩs identity, tampering KYC documents, etc.
In terms of volume of fraud attempts, IDfy found that nearly half of the total fraud attempts were concentrated in the States of Maharashtra, Uttar Pradesh, Telangana and Karnataka.
States with most cases
Maharashtra, Uttar Pradesh, Telangana, Karnataka, Rajasthan Gujarat, Tamil Nadu, Andhra Pradesh and Bihar were among the top ten hotspots of the crime as per rankings in April and October.
Border regions like Alwar, Deeg, West Champaran, Dakshin Dinajpur and Birbhum persistently demonstrated higher fraud attempts compared to inland regions. According to the report, operating from border areas makes it easier for fraudsters to escape to the adjoining State or country.
Ashok Hariharan, CEO and Co-Founder, IDfy said, тАЬThe study underscores the critical need for adaptive fraud-detection strategies. Fraudsters are constantly evolving and todayтАЩs hotspot may vanish tomorrow. Businesses must remain agile and proactive to stay ahead of shifting trends.тАЭ
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