Researchers have uncovered a dark web operation that systematically collects genuine identity documents and facial images to bypass Know Your Customer (KYC) verification systems. This sophisticated approach to identity theft involves paying users for their information, building a substantial database of compromised identities.
Update, Dec. 26, 2024: This story, originally published Dec. 25 now includes a breakdown of the know your customer attack threat methodology that the newly discovered dark web facial identity resource brings to the identity fraud table.
A dark web criminal operation that appears to have been farming facial ID images along with the genuine identity documents that accompany them has been unmasked, if you’ll pardon the pun, by threat intelligence researchers. Here’s everything you need to know about this sophisticated approach to identity theft that, it would seem likely, has been using information willingly exchanged for financial reward to build the ID farming business.
The iProov report warned that the discovery of this facial ID stash highlighted “the multi-layered challenge facing verification systems” and provided a breakdown of the attack process to show how organizations not only need to be able to detect fake documents but also 100% genuine credentials used in fraudulent financial applications.
Do I really need to say this? If you are approached by anyone, knowingly from the dark web or, more likely not, offering you cold, hard cash in exchange for your image and copies of your identity documents, don’t do it. No matter how much the short-term incentive, it could just as quickly turn into a very costly mistake.Our community is about connecting people through open and thoughtful conversations. We want our readers to share their views and exchange ideas and facts in a safe space.
Identity Theft Dark Web KYC Biometric Security Fraud
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