1. A method, comprising: accessing, by a processor, an image of at least a part of a product label associated with a product; extracting, by the processor, a plurality of image attributes from the image for creating an image profile of the image; comparing, by the processor, the image profile with a set of reference image profiles, each reference image profile for a reference image comprising a reference control transform value and a reference validation transform value of the reference image; upon comparing the image profile, by the processor, determining at least one reference image profile of the set of reference image profiles matching with the image profile; upon determining the at least one reference image profile, by the processor, determining a control transform value and a validation transform value of the image; and determining, by the processor, authenticity of the product label by comparing the control transform value and the validation transform value of the image with the reference control transform value and the reference validation transform value of the reference image, respectively.