69% of French companies report having suffered at least one fraud attempt in 2022, i.e. 7 out of 10 companies, according to AllianzTrade data. This fraud affects all businesses, in all sectors and of any size. Among the most widespread fraud techniques, we note documentary fraud, increasingly developed, particularly with the advent of freely accessible technologies such as editing software or generators available in two clicks on the Internet.
Not always easy to uncover, these frauds can cost your business dearly, both from a financial and reputational point of view. SO, how to know if you really need a fake document detection solution ? Discover 7 unmistakable signs in this article.
What is a false document?
A false document is a document intentionally created or altered. It can be any type of document, such as a RIB, a pay slip, an invoice or even a passport. These false documents are used with the aim of deceiving, obtaining illegitimate advantages or even committing criminal activities, such as in the context of money laundering or terrorism.
💡Did you know?
In the world of insurance, for example, we consider that one in 5 French people have already committed insurance fraud, according to a study conducted by LeLynx. These frauds then push insurers to increase their prices, which has a direct impact on policyholders.
What are the risks of fraud for a company?
Document fraud has serious consequences for businesses. The amount of fraud detected and proven is estimated at 587 million euros, according to Maxence Bizien, Director General of Alfa (Association for the Fight against Documentary Fraud), interviewed in the Finovox Fraud Hunters podcast. In the world of banking, the same year, the amount of the fraud would have risen to 525 million euros, according to Statista.
These frauds have direct repercussions on businesses, including:
- Legal proceedings, which require resources in time and money;
- Financial losses, precisely. Fraud has a heavy impact on company funds which are tainted by reimbursements for abuse. Fines and legal proceedings incurred as a result of involvement represent a significant sum of money in a company's budget;
- Reputational damage, which weakens the business in the long term.
In the worst cases, significant fraud-related losses can drive your business into bankruptcy, as was the case with the Urica company.
🤔 How could Urica have avoided bankruptcy?
Thanks to false document detection software, the Urica company could have controlled the documents sent and avoided false invoice fraud.
7 Signs You Need a Fake Document Detection Solution
Do you think your business is at risk? Because prevention is better than cure, we suggest you see, through these 7 points, if your organization might need false document detection software.
1. You wish to comply with the regulations in force
In France, government regulations in terms of identity verification and the fight against fraud have been considerably strengthened in recent years. Banks and insurance companies must now meet strict requirements: they must thoroughly analyze their customers' identification documents, particularly in a constant fight against money laundering and the financing of terrorism. It’s possible with fake document detection software!
2. You observe an increase in fraud attempts in your organization
Did you know that documentary fraud increased by 100% in 2021, according to Archimag ? Insurance compensation fraud, bank subscription fraud, or even recruitment fraud... Fraud attempts are increasingly common in all sectors and in companies of all sizes. It is to fight against and strengthen your teams that a fake document detection software may be necessary.
3. You observe an improvement in fraud techniques in your profession
The number of false documents in circulation is not decreasing, particularly with the advent of editing software or fake generators available online. Powerful, it is difficult to detect documents manipulated or created on these platforms with the naked eye. A detection tool with AI can be a major ally in the fight against document fraud in your company.
4. Your business is growing, and you have an increasingly high volume of activities/transactions/subscriptions
To protect your business and analyze new registrants' documents in real time, false document detection software is essential! All your detection procedures are automated and your teams remain productive by focusing on their high value-added tasks.
5. You want to modernize your work tools
As technology evolves, it is essential that businesses modernize their work tools to remain competitive. Integrating fake document detection software helps you stay up to date with the latest technological advances in security and document verification.
6. You want to streamline processes internally
Manual document verification processes are prone to human error and can be time-consuming and expensive. Automated detection software streamlines these processes, reduces operational costs and improves accuracy. You enable better quality detection, investigation and analysis for your teams.
To help you deploy your process, read our article: how to sell an anti-fraud project internally?
7. Your company’s reputation is at half mast
Your business reputation is one of your most valuable assets. If your business has been hit by significant cases of fraud, this can cause lasting damage to its reputation. Using fake document detection software helps restore customer trust by demonstrating a commitment to the security of your customers' data and assets.
To find out the other consequences of fraud on your company, read our article: the risks of documentary fraud on your business
🎁 Bonuses : having anti-fraud software allows you to maintain stable prices with your customers! Yes, the financial loss linked to fraud no longer has an impact on the prices you charge in your business.
Do you recognize yourself in these proposals? What if it was the sign to adopt fake document detection software like Finovox ?
Finovox, fake document detection software
To keep control of document fraud, the best tool remains false document detection software. These allow, in a few clicks, to detect manipulated documents. This is the case with Finovox. Available in API or SaaS format, it allows you to equip your anti-fraud teams and support them in their daily tasks.
Our software is developed using its own artificial intelligence and helps you analyze a large quantity of scanned documents in just a few seconds, in complete security. It makes it possible to detect, identify and explain any type of fraud.
Through document analysis, you can investigate to determine where the alteration is located. At the end of your analysis, you are then able to provide a form of justification and refuse – or accept – the documents that we have provided to you, in particular thanks to the summary sheet in PDF format that the solution provides. provides each analysis.
Would you like to know more about our Finovox tool? Contact our experts!
EN 
FR 
ES 
IT