News for hackers. Stuff that matters.
Re:Why are banks still getting authentication so wrong? by gruez on Tuesday May 13, 2025 @03:43PM (#43976853)
The biggest hurdle to money laundering is getting past KYC at the creation stage, which requires you to have stolen identities and/or identity documents, getting past the anti-fraud gauntlet, and probably intercepting any documents/cards that get mailed. Setting up a device farm that can receive SMS OTPs is simple by comparison. All you need as a $60 android phone and an app with SMS access.

There are no comments on this comment yet.