The Secret Weapon Hackers Can Use to Dox Nearly Anyone in America for $15

Re:The Secret Weapon Hackers Can Use to Dox Nearly Anyone in... by krupan on Tuesday August 22, 2023 @05:49PM (#37228982)

You are not wrong at all. There is a certain level of fraud tolerated by banks so that they can more easily make loans to people. It's the classic security vs. convenience trade-off.

Two big problems are:

1. If you happen to be one of the victims of the fraud, it hurts! Sometimes a lot! A lot more than it hurts the bank.

2. If you don't like the level of (in)security that the banks have chosen, what other options do you have? Right now I don't know, I think maybe Bitcoin is your best bet?

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Re:The Secret Weapon Hackers Can Use to Dox Nearly Anyone in... by emodendroket on Tuesday August 22, 2023 @06:37PM (#37229508)

Even if I pretend for a minute to seriously believe Bitcoin is less susceptible to fraud, using a different financial product doesn't help since the entire fraud takes place without your participation.

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Re:The Secret Weapon Hackers Can Use to Dox Nearly Anyone in... by HWR_14 on Tuesday August 22, 2023 @09:59PM (#37231001)

I don't see how bitcoin changes much, other than you have to convince CoinBase that it wasn't your identity. Bitcoin specifically tries to avoid being tied to identity.

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Re:The Secret Weapon Hackers Can Use to Dox Nearly Anyone in... by ffhhttt on Wednesday August 23, 2023 @07:33AM (#37234323)

> Bitcoin is your best bet?

Because nobody can take out a fraudulent loan in bitcoin? Well.. that’s problem accurate.

I’m just not sure how is bitcoin even the tiniest bit relevant in this case?

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