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Thing I never got about ID thieves pulling all this off with stolen basic credentials is just how they get approved so widely. I mean, imagine, often, when you
by southernplaces7 1y ago
Thing I never got about ID thieves pulling all this off with stolen basic credentials is just how they get approved so widely.
I mean, imagine, often, when you're the ACTUAL holder of an identity, trying to legitimately obtain credit, buy products and so forth, you get all sorts of absurd algorithmic or anti-fraud roadblocks that can make it tricky or fully block you, but then some dude with only part of your ID paperwork in his hands can just go ahead and take out loans, get credit, use your name for X or Y official thing just like that? Then also, them getting the mailing addresses they need for all these scams to work. How do they pull that off too?
I'm really puzzled by how these contradictions work?
- Aeolun 1y agoI think this is one of those cases where the actual holder of the identity sees the process as an annoyance, and the ID thief sees it as a job. If you repeat the same procedure a hundred times you get really good at doing it efficiently.
- southernplaces7 1y agoThat's a good point, and makes sense. Also, they can afford to be blithely reckless about all those attempts, more than someone stressing about rejections with their own, one true ID.
- mixdup 1y agoBecause there are plenty of creditors who will not put customers through all of those hoops, and the front line sales guy at AT&T is motivated to get that phone sold and that line activated, that car salesman is motivated to get the car sold. If it turns out in 6 months the bank is holding the bag on a fraudulent loan those front line salespeople are not really going to have any impact to their bottom line