Identity Fraud is a Growing Problem across Africa, Costing Businesses Millions Yearly

The situation has intensified with the increasing shift of financial transactions and commerce to online platforms. Hence, ensuring the verification of identities is paramount in reducing deception and criminal activities. Smile ID, a leading identity verification startup in West Africa, published its 2024 Digital Identity Fraud in Africa Report, offering insights into fraudulent verification attempts on the continent. Since its establishment in 2017, the company has conducted over 100 million checks in Africa.

SOURCE: BUSINESS INSIDER