An unprecedented wave of online bank fraud is hitting Britain

Re:An unprecedented wave of online bank fraud is hitting Bri... by ryanlol on Thursday October 14, 2021 @08:10AM (#28863218)

There are organizations creating thousands of bank accounts to cash out transactions like this for a percentage. They use fake IDs, there’s no way to stop them.

Catching the people opening the accounts leads you to nowhere, they rarely even know their bosses.

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Re:An unprecedented wave of online bank fraud is hitting Bri... by KptMarchewa on Thursday October 14, 2021 @08:21AM (#28863302)

There is a way to catch fake IDs besides ML and MRZ parsing, but this would require govt to allow banks to use their ID database.

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Re:An unprecedented wave of online bank fraud is hitting Bri... by ryanlol on Thursday October 14, 2021 @08:23AM (#28863314)

Never gonna happen internationally. We barely managed to push through cryptographically signed passports after 9/11, and even those aren’t very well adopted (you will never face issues if your passport has a “faulty” chip)

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