The document discusses the issue of signature forgery, highlighting its impact on financial institutions, legal processes, and personal identification systems, with significant financial losses and legal consequences. It presents statistics indicating that signature forgery contributes to about 9% of occupational fraud cases, with businesses facing average losses of $20,000 per incident. The proposed business model involves a verification service that could charge fees, offer subscriptions, or license technology, aiming to reduce fraud and improve security in various sectors.

1. ISL TEAM M
FORGED SIGNATURE DETECTOR
PSI - S - 0170

2. PROJECT INTRODUCTION

3. WHAT IS SIGNATURE FORGERY AND WHY IT MATTERS
● Signature forgery refers to the unauthorized replication
or alteration of signatures, leading to fraudulent
activities and compromising the integrity of important
documents.
● Signature forgery poses a significant threat to financial
institutions, legal processes, and personal identification
systems, resulting in financial losses, legal disputes, and
compromised security.

4. STATS
1. Financial Impact:
● According to the Association of Certified Fraud Examiners, signature forgery accounts for
approximately 9% of all reported occupational fraud cases.
● The American Bankers Association estimates that signature fraud costs the banking industry
billions of dollars annually.
2. Legal Consequences:
● In a study conducted by the University of Alabama Law School, it was found that signature
forgery is a common element in identity theft cases, accounting for approximately 20% of all
identity theft incidents.
● The Federal Trade Commission (FTC) reports that identity theft, which often involves signature
forgery, was the third most common type of consumer fraud complaint in the United States,
comprising 14% of all reported cases.

5. SOME STATS
1. Impact on Businesses:
● A survey conducted by the Association for Financial Professionals revealed that 61% of
organizations experienced attempted or actual check fraud, which often involves signature
forgery.
● The same survey found that businesses lost an average of $20,000 per fraud incident related to
check forgery, including signature forgery.
2. Personal and Professional Implications:
● Signature forgery can have severe personal and professional consequences, including damage to
one's credit history, legal disputes, and reputational harm.
● According to the Federal Bureau of Investigation (FBI), signature forgery can lead to the
unauthorized access of personal and financial information, which can then be used for further
criminal activities.

6. Business Plan and Model Integration

7. After market research the most feasible model from the following will be
chosen
● charging a fee per verification
● offering a subscription service
● or licensing our technology to other companies.
● Can be mandated by government to be adopted whilst transfer of property
● Data protected by government which includes the signatures of the citizens (e.g
NADRA )
● at any time or even during signing signature can be scanned and uploaded to
the model. It returns a correctness accuracy rate. On any set threshold that can
Our revenue and finance scheme
HOW IT WORKS

8. Market Analysis

9. MARKET
2019
$957.24
Mill
2023
$2.41 Billion
2024
6.6 Billion

10. ● Banks,
● legal firms,
● government agencies
● or individuals who need to verify signatures for various purposes.
● reducing fraud
● saving time and money
● increasing security and trust
Target market and potential customers
How it brings value

11. Innovation Impact
Increased accessibility and
scalability
Nominal royalty fee
Promotes sustainability
Before a stamp had to be used
alongwith signatures; reduces
plastic pollution as stamps
need to be made daily
Reduces random error
Signatures can be misjudged by
human experts

12. THANK YOU FOR LISTENING
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