Investments in technologies that offer identity verification solutions through facial recognition with active or passive live detection are a must. These tools are generally used when the bank engages with its customers (e.g., when a bank account is opened) to comply with KYC obligations. These methods are a good solution to eliminate the risk of identity theft. In such situations, data enrichment can be a helpful tool. Implementing multiple levels of authentication to ensure that only authorized individuals can access an account or perform sensitive operations is necessary.