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Do the banks actually check that the documents are legit? I'm sure your favorite LLM can generate pictures of all these documents in the blink of an eye.
by fph 1y ago
Do the banks actually check that the documents are legit? I'm sure your favorite LLM can generate pictures of all these documents in the blink of an eye.
- andsoitis 1y agoYes. Why do you think they wouldn’t?
- monerozcash 1y agoBecause they usually don't, and they certainly don't in Australia where it's essentially impossible. The government run IDMatch DVS can verify that the biographic information is correct, but can not verify the authenticity of the document. This kind of fraud is not special in Australia, it happens thousands of times every single day. There is currently no way to prevent it.
- ivanvanderbyl 1y agoThe last time I applied for a credit card (about 4 years ago) in Australia, the bank used an app that read the photo page and chip of my passport to verify that it was a real document. That process does verify the authenticity of the document.
- monerozcash 1y agoThere are IDs in Australia which can be verified this way. There are also more than enough accepted IDs that can not, rendering such verification mechanisms rather pointless. On another note, it's important to keep in mind that this is really the bank's problem. It's not something consumers should worry about.