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How Remote Online Notarization Helps Prevent Fraud?

Remote online notarization allows the parties involved in a transaction to put a signature to the document without meeting one-on-one with the notary.

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Remote Online Notarization Helps Prevent Fraud

Technology has made the world a global village. It has also led to high anonymity and interconnection that require a system that reinforces accountability, integrity, honesty, and trust. That also goes for business transactions that require verification of the parties’ identity in a deal.

A notary of a third party confirms the identity of a signer, indicated by the notary’s “Seal of Approval.” This seal is a sign that the transaction took place in the concert of a witness [the notary], and the signer was fully aware of the contents in the documents and signed it willingly.

1. The Role of Technology in Digital Notary

Fraudsters and unscrupulous traders have continued to fashion various ways of forging signatures and critical forms of identifications. Their methods are so advanced that the traditional, paper-based notarization cannot pick up fraud.

The introduction of technological tools in the notarial act has eliminated fraud as they offer a more reliable means of authentication. There are several modern ways of online notarization, including credential analysis, knowledge-based authentication, and e-signatures.

How Remote Online Notarization Helps Prevent Fraud

At the helm of it, all are remote notarization platforms that provide notaries with the necessary tools that ensure they carry out their traditional role efficiently, at an age when their industry is operated technologically.

2. Understanding Remote Online Notarization (RON)

People seek notary services from their local financial institutions, title companies, and small business services. Unfortunately, most of these may not provide the critical services required, making it challenging to find a notary suitable to your needs.

Remote online notarization allows the parties involved in a transaction to put a signature to the document without meeting one-on-one with the notary. Therefore, the signer will have to put an e-signature to it. S/he will then appear before a chosen electrical notary board virtually via video conferencing.

Remote online notarization is often confused with electronic notarization. Usually, the latter requires the notary to bring along their laptop for the signer to sign the document electronically. The distinction between the two is that RON requires no physical signing meeting, while electronic notarization requires a face-to-face meeting.

3. How Remote Online Notarization Can Prevent Fraud

a. Credential Analysis

Before introducing IDs, identity verification could only be done by a third-party who knew the signer well or the notary itself. While IDs brought an improved means of verifying a person’s identity, people mastered the art of forging them. Today, people have gone to the extent of using another individual’s ID to generate title deed documents and signatures. The need for a bolstered authentication system led to the use of notary technological tools.

Remote Online Notarization

Before signing any transaction documents, the signer will have to take a photo of their identity card’s front and backside using their smartphone or laptop camera. Once they submit the picture, their details are analyzed by software to authenticate their identity.

b. Knowledge-Based Authentication

Following the successful scanning of a signer’s ID card, the next process involves knowledge-based authentication. This tests their knowledge of specific personal details like date of birth, name, and the last four digits of their US social security number.

Knowledge-based authentication works under the principle that it is virtually impossible to steal an individual’s knowledge or past experiences. Notaries use two types of KBA:

  • Static KBA
  • Dynamic KBA

Most online users are familiar with static KBA questions, which require them to answer based on their past personal experiences. For instance: What’s the name of your pet? Which neighborhood did you grow up in?

How Remote Online Notarization Can Prevent Fraud

The only downside with static KBA is that people share their personal stories and experiences on Facebook and Gmail, which exposes their data to hackers. That makes you vulnerable to online fraud.

Dynamic KBA is a more secure authentication technique, and that’s what most reputable notaries use. With dynamic notaries, the questions to be answered are compiled from different third-party databases containing public information to offer queries with a range of possible answers.

For example, instead of asking you which street you grew on, Dynamic KBA will ask: “Which one among these streets were you not brought up on? When faced with such a question, a hacker will be quite puzzled to choose the correct answer because the available choices can all be right.

c. A Trustworthy Security Infrastructure

Security and privacy are one of the two things that businesses and individuals hold in high regard. Both need assurance that their critical data is secured from malicious online practices. According to surveillance by the Identity Theft Resource Center, there was a total of 1,579 data breaches in 2017, including 14.2 million credit card theft and 158 million social security number breaches.

The only problem is that no matter how diligently you vet the people or agencies with access to your personal information, it becomes challenging to limit who can access the information. Most companies are left with no other choice but to rely on third-party contractors who use their personally identifiable information (PII) to bolster the notary platform’s efficiency.

It would be best to partner with a vendor committed to offering information security to their clients and clients’ customers. Companies that adhere to SOC2 policies make a name for themselves as reputable brands as secure businesses with robust engineering processes to safeguard critical personal data. It’s what most globally-renowned software companies use.

Notary Videos for Enhanced Safety

d. Notary Videos for Enhanced Safety

Most people only focus on the fact that notaries are there to ensure that the signer acted on their free will. What most people don’t consider are the conditions under which the notary out their Seal of Approval.

The advantage of remote online notarization is that the system relies on video-audio communications that allow the parties to communicate from different, secure locations. That said, the notary has the best conditions to act on the matter independently, without any external influence or pressure.

Usually, the transactions are recorded on video for quality and legal purposes. That ensures consistency in the standard notarial procedures while protecting the signer and the notary from fraud.

In this digital era, hackers are always on the prowl for vulnerable individuals and companies by phishing their critical and personal data. Notary public industry [including real estate, title, and banking] is one of the most affected by cybercrime. While electronic notaries haven’t prevented fraud, remote online notarization has secured any loopholes that may provide hackers with the chance to steal someone else’s identity.

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Internet

You Can Do More Than Just Chat During Random Video Chatting

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How to Win Big in Any Industry with Video Maker

Part of the appeal of random chatting is that you never quite know what to expect, but that doesn’t mean you can’t do a little planning ahead. You could rely on spur-of-the-moment inspiration to keep your chats going, but that isn’t always a solid plan. Besides, why settle for average when you could have something better?

Take Camsurf, for example – a solid option for a random video chat app with thousands of members from all over the world. On a site like this, you have all the flexibility you need to shake things up in each chat. If you feel like sticking with a chill conversation, that’s fine – but you certainly don’t have to! You could also come up with competitions, suggest debates, sharpen your linguistic skills, and more.

Why would this work? It’s all thanks to the unique format of random video chats.

Video chat sites are a few places where you can approach strangers and be fairly confident of a positive response. Sure, you won’t end up chatting with every person you match with, but that’s just because you weren’t what the other chatter was looking for. By and large, though, any random chat site will have thousands of strangers who would be happy to engage with you for a while.

Contrast that to how it would happen in person. In most cases, any attempt at starting a conversation fizzles out as quickly as a wet firecracker, and you’re left wondering if you said something weird. People don’t expect to interact with strangers except at a very superficial level, and if you attempt to go beyond that, it probably won’t work.

Since random chats give you a chance to talk to strangers who are already interested in chatting with you, could you take advantage of it? Don’t just stick with whatever pops into your head as each new chat loads; think of a few ideas that will be engaging for both you and your chat partners.

That sounds like a pretty tall order; are there any practical suggestions that could make this happen?

Consider this your starter pack. Use the ideas below as blueprints, or take them as inspiration when you branch out.

How To Make a Video Maker Work For Your Business

1. See who’s online in the middle of the night.

Many random chat sites like to mention their international user base, which is a legitimate brag, but what they don’t tell you is that a lot of those users will probably be asleep whenever you’re online. You’re in one time zone, they’re in another, and never the twain shall meet – unless you decide to stay up late (or get up early) once in a while to see who you run into. If you’re interested in learning about other cultures, this is a great way to do it.

2. Look for what you know you want.

A random chat site’s algorithm will supply you with seemingly infinite matches, but sometimes they won’t be compatible – that’s how it works. If you want to narrow down your matches, here are two ways to make it happen.

The first way is to use specific filters. If your chat site of choice offers filters, they’ll probably have at least a gender or a location filter, and these are both great starting points. Gender filters make it easy for you to do a bit of online flirting, while location filters are more versatile.

One popular use for a location or country filters is to find native speakers of various languages. This is pretty handy if you’re picking up a second language, but it’s also a window into another culture. Take regional slang, for instance. How many sayings can you think of that are directly tied to the place you’re living in? When you trade phrases, puns, and tongue twisters with people from different countries, you aren’t just learning something that’ll impress your friends; you’re also getting a peek into a whole different culture.

The second way is to go backward. Rather than searching for a particular kind of chat partner, organize your chats around a specific topic. Start each new conversation by checking whether your chat partner wants to discuss your chosen topic, and keep searching until you’ve found someone interested in whatever you’re hoping to chat about.

This approach could serve more than one purpose. Maybe you want to discuss your latest hobby, so you’ve decided to find a chat partner who’s already an expert. Or, you’re thinking about getting a new dog, but you want to talk with someone who’s had first-hand experience with certain breeds.

Maybe you bit off more than you can chew when you volunteered to bring a dessert to the next family gathering, and now you need all the help you can get. It can take a little longer to find the right chat partner with this approach, but it’s usually worth the effort.

Video Promotion Ideas

3. Think of something to debate

As you’re coming up with topics, try to avoid anything that could lead to a full-fledged argument; things like religion or politics can be pretty inflammatory, for example. Instead, go for something more entertaining, like “dogs vs cats” or “is pineapple on pizza that bad.” Find a cheese purist and convince them that Velveeta is a legitimate option for cheese boards. Whether you’re joking or you’re serious, you could both get a kick out of it.

4. Have a singing competition

Even if you can’t carry a tune in a bucket, you and your chat partners can still have plenty of laughs during a mock singing competition. It’s pretty easy to find instrumental versions of popular songs, and you can even enlist some roommates, friends, or siblings if you need someone to judge your respective talents.

Let your imagination run wild!

Remember, if one of your more daring ideas doesn’t go as planned, you can start over in a new chat with a single click. What are you waiting for? It’s time to get creative and see what happens!

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