Many falsified “Know Your Customer” (KYC) certificate providers have appeared making them difficult to trust.
Here are 5 simple indicators for determining whether a KYC certificate is fake or unreliable: The KYC certificate is counterfeited — It’s easy for fraudsters to photoshop a fake KYC certificate and publish it.
You can detect a fake certificate by spotting inconsistencies.
You should be able to verify the authenticity of a KYC certificate on the issuer’s website. The auditing company does not exist- If you click on the KYC certificate link and it leads to a website without qualifications, this means the certificate has no value.
The auditing company does not have professional investigators — Amateur KYC verifications lack professional law enforcement intelligence analysts, which are necessary to detect fraudulent applications.
The KYC is based on a simple ID check- Fraudsters often use fake IDs, hide behind secondary team members, or hire actors to pass for them.
The auditing company does not have the international capacity — if there are no experienced investigators from different continents, the auditing firm will not be able to verify the local background of remote team members.
The authenticity of CertiK’s KYC process and Badge are verifiable on the CertiK Security Leaderboard.
