Re:Senators push to ditch social security numbers in light o...
by jandrese on Thursday November 09, 2017 @01:37PM
(#15664680)
Bank fraud frequently requires the crook to supply an account number to transfer the funds to. This is not a problem if the only activity on the account is:
1. Opened with a fake identity
2. Stolen funds received
3. Stolen funds transferred to a bank with (intentionally) poor record keeping, potentially bouncing around a few more times.
Wire transfers seem to be a big hole at the moment.
1. Opened with a fake identity
2. Stolen funds received
3. Stolen funds transferred to a bank with (intentionally) poor record keeping, potentially bouncing around a few more times.
Wire transfers seem to be a big hole at the moment.