Identity theft can be solved by going more hands-on. Make KYC really mean KYC. If you couldn't get a line of credit without an in-person appearance and finger

Identity theft can be solved by going more hands-on. Make KYC really mean KYC. If you couldn't get a line of credit without an in-person appearance and fingerprint, that form of identity theft becomes unviable. You have detailed info as to who tried to commit fraud, that can immediately be used for prosecution or tracking repeat offenders.