Sending in fake ID for KYC - page 51.

D3m1r4wanti

full member

Activity: 714

Merit: 102

Quote from: abbywem on February 18, 2018, 06:27:16 PM

I just was brought up to speed on groups of people sending in fake/Photoshopped ID's by scanning public records to defeat the KYC process and it seemingly is very easy to do. It appears that many people sent in fake documentation to the Bob's and Polymath KYC and had no hassles. How do these companies verify people if all they have to go on is public information? Did they even really check the ID's or were they simply collected the data? How rampant do you think this is? How many of us are complete fools for turning in our documents when others simply faked it. Now they have our data and the people who faked it are still secure.

NOT FAIR.

I have sent KYC on several bounty programs to get my bonus. Among them are CIBUS, (CBT) and Betex even Covex but I never falsified my ID. I also do not mind those who manipulate their KYCs. that's their right. I just do not want to be a liar

arthur305

newbie

Activity: 140

Merit: 0

I think i have I've heard about that too. They use some sort of AI bot for docs/faces recognition and don't do that manually lately. Let's hope it can be bypassed.

kris679

newbie

Activity: 224

Merit: 0

I believe that this is a check in order not to have multi-accounts, I think that your documents are not needed by anyone, because in order to do some fraudulent operations you need to have an identification code and its projects can not invite!

Nivelir

full member

Activity: 588

Merit: 100

This becomes common practice because many people are not going to show their real documents for some money, it's not right and I think that the SEC and many other people who think they are smarter than others need to think about this and very quickly.

tamango

full member

Activity: 602

Merit: 100

There are some KYC that are easy to bybass using fake data because they just ask data without selfie with ID card or passport.
The best way is to require a selfie with data written and ID Card/passport visible. This is hard to make a fake verification..

buiduc

newbie

Activity: 144

Merit: 0

I know that every person can buy fake documents on special forums. And it scares me. Now it is too accessible. I am against fraud.

labake

member

Activity: 308

Merit: 15

If they have no any way to verify IDs, then there is no any reason for accepting all these documents for kyc, if only someone would come and defeat KYC process via photoshopped documents. Absolutely not fair, something must be done to eradicate that from ICO industry

IgniHash

member

Activity: 224

Merit: 10

One Token to Move Anything Anywhere

I joined the POLYMATH airdrop. I knew that they required KYC to claim airdrop rewards. But I think the verification process is too easy. I think they didn't really check the personal data. Everyone can submit a fake ID.

hani1929

member

Activity: 336

Merit: 10

If KYC needed in an exchange for your level up there's no need to worry to send your real ID's as long it is a legit site. because some exchange need your valid ids in order to increase your withdrawal amount. but if you register in a exchange which is your name is not real then you need to create a fake id in order approved your account and make it to another level. We know that sending your personal data in internet is risky because some people might used it other purposes.

KuromaYoichi

sr. member

Activity: 756

Merit: 251

Sovryn - 300-500% APY on USDT Deposit

Quote from: tsaroz on June 17, 2018, 01:56:23 AM

I believe they are just collecting it's customers data to sell to third party.
If they want to do a real customer validation, they should go for a video verification of the person along with his/her ids.
Though collecting and sending fake IDs would make both the company and the investors safe from legal actions.

I think it is because the regulations is still shallow in crypto so they don't have to do a strict kyc but it this continue to happen then i won't be surprised if in the future we have to do a more detailed kyc, even in some project they already tell you to upload a photo of you holding the id card, not just the id card. I don't know how many projects that sell data to third party but i know that some project do that because i am starting to get a lot of spam in my email.

tsaroz

legendary

Activity: 3164

Merit: 1069

I believe they are just collecting it's customers data to sell to third party.
If they want to do a real customer validation, they should go for a video verification of the person along with his/her ids.
Though collecting and sending fake IDs would make both the company and the investors safe from legal actions.

longquan1500

newbie

Activity: 19

Merit: 0

I am actually very wary of giving away an image of my passport. Some Kyc allow you to give ID instead, but that doesn't prove citizenship. I think there are a lot of ways that people can sneak around the KYC process, if they want coins, they'll find a way to get them.

klixion

sr. member

Activity: 645

Merit: 250

I don't know how you can fake the KYC process. The ones I've been involved with requires me to hold my identification while taking the picture with the current date. In addition to that, I had to scan both the front and back of my ID. This process was for a couple of major cryptocurrency exchanges.

barlo357

full member

Activity: 574

Merit: 100

Sending a fake ID is a risk here in crypto you can't get your money if you are using fake ID that's why the meaning of KYC is "know your customer" from the word itself they will Identify you weather you are fake or real.And they have their own policy to check that individual ID and that is their secret, how to check or how to evaluate its up to them how to that.

Silberman

legendary

Activity: 2716

Merit: 1383

Quote from: bitsmichel on June 13, 2018, 07:14:38 AM

It is a hard question for me, because I am swinging between my consciousness, and between fear, that somebody would use my documents, in order to take some loans, or something else. So obviously, I am just trying to avoid those campaigns which are requiring kyc process, or similar.

Which is the right thing to do if you do not believe in going through KYC I know that this means giving up some interesting projects but you need to vote with your wallet, if enough people did this icos will worry a lot more to try to move to a jurisdiction that does not require for them and their invests to go through KYC but since people only care about their profits I doubt we are going to see any kind of change in the KYC policies of most icos.

BTCdude007

sr. member

Activity: 686

Merit: 250

I think it's a good option to use fake documents for KYC, because now there are a lot of scammers among ICO who can sell your personal data.

lalaland97cute

newbie

Activity: 98

Merit: 0

The main problem here is centralized KYC process and poor security. We send our docs, those companies got hacked = our data is leaked. I completely understand when people are trying to get around it and send a fake info. However, we need a proper fix to this.

Bitcoin2018

jr. member

Activity: 216

Merit: 3

FORK FROM ENTHUSIASTS, FOR THE COMMUNITY

I think that this is a formal process in many cases. The most important thing for projects is to confirm that a person who receives tokens is not a resident of the prohibited territories and they do not care what you send, the main thing is to follow the procedure.

50ouncebrew

sr. member

Activity: 459

Merit: 251

The thing about the kyc is that a lot of people are worried that their personal information will end up in the hands of people who might use it for illegal activities and I really cannot blame them. if bounties keep pushing the idea of kyc for bounty hunters then they will have to deal with a lot of people sending in fake ids for the process because they do not want to give theirs out

Norihiro

full member

Activity: 448

Merit: 102

APOLLOX Protocol

Wow! That's really shocking, so many people with paranoidal thoughts! There's nothing they can do with your passport. It's useless without it's holder.

Topic: Sending in fake ID for KYC - page 51. (Read 89379 times)