You could have seen this coming a mile away. So far I have gotten away with never uploading my ID and/or interacting with one of those companies (though one idiot working for some VC thought it was ok to sign a document on my behalf by uploading my signature!!, never mind a bit of fraud) but it is getting harder and harder. Banks and in some cases even governments forcing you to send data to these operators is a very bad idea. But hey, who ever got hurt by some security theater?

I've had to open a bank account for a company here a few years ago and that was right on the bubble of this happening and they still had an option to come by in person with the proper documentation, which I did, now it is all outsourced.

These companies are the fattest targets and they're run by incompetents. You should assume that anything you give them will eventually be part of some hack.

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hiccuphippo 4 hours ago | parent | next [-]

Why is the ID a hidden secret that can be used for anything regarding security in the first place?

	▲	jacquesm 3 hours ago \| parent [-]
		Because historically that's how it worked, but officials just looked at the document and verified that it was the real thing. Then photocopiers came along and it became normalized to take copies of the documents. Then digital copies happened and that changed things completely when coupled with networking technology. What the officials in charge don't seem to understand is that by making digital copies in networked environments the IDs themselves lost their value completely, after all if the digital copy serves any purpose at all as a stand-in for the original then they have become that original.

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Schlagbohrer 4 hours ago | parent | prev [-]

Tell us more about that fraud story! Was the person your attorney or accountant? Or just some "smart" person who decided to wisely save time by doing fraud?

	▲	jacquesm 3 hours ago \| parent [-]
		It was a fund administrator. I still find it unbelievable that they would so casually do this. And yes, they thought they were very smart... and helpful too...