Electronic ID/VA - Convenience for fraudsters?

jen245

Personally, I don't think it would be more secure. Modern technology makes it easy to forge ID documents

dzug1

Mishomeister wrote: »

The whole Idea of this post is to ask if you guys wouldn;t think it would be more secure if people always needed to show their ID, before an account is open, without relying on any eID&VA?

I don't think it would make a significant amount of difference.

JuicyJesus

you've bought a pencil from ebay and then that person has looked for you date of birth on a Facebook for example could open an account on you behalf and start to do various things in you name

The solution, then, is to not put all your personal information on Facebook.

Anyone who puts things like full dates of birth or other identity theft-tastic pieces of information on Facebook deserves what they get.

noh

Mishomeister wrote: »

The whole Idea of this post is to ask if you guys wouldn;t think it would be more secure if people always needed to show their ID, before an account is open, without relying on any eID&VA?

No I don't believe it would be more secure.

opinions4u

The data I've seen shows that those accounts electronically verified are less likely to suffer fraud or unauthorised overdraft.

I've not analysed the data subsets within, but at the highest level it suggests electronic verification is a positive thing that reduces risks to the customer and the bank.

birkee

coolesticeking wrote: »

Although fraud, nothing from stopping a postman for example knowing a card is in the envelope and waiting for the PIN also and spending on this.

My bank sends the pin first, and then sends the card, so the postman can steal the card, but he'll wait until doomsday for the pin.
How does he identify the pin anyway, the last one (My Grandson's)came in a plain envelope, with no bank ID on it.

I've got to change my ISA's soon, and despite having a card for my current AC, a card for a joint AC, and details of a shared deposit AC, I still have to produce all my identification again, in order to transfer my ISA's.

I can't believe a bank would rely on electronic I.D. only.

coolesticeking

birkee wrote: »

My bank sends the pin first, and then sends the card, so the postman can steal the card, but he'll wait until doomsday for the pin.
How does he identify the pin anyway, the last one (My Grandson's)came in a plain envelope, with no bank ID on it.

I've got to change my ISA's soon, and despite having a card for my current AC, a card for a joint AC, and details of a shared deposit AC, I still have to produce all my identification again, in order to transfer my ISA's.

I can't believe a bank would rely on electronic I.D. only.

Quite easy - The returns address on the back

I've had that many bank accounts over the years i'm sure my postman for sure knows which bank each returns address belongs to by now.

molerat

Mishomeister wrote: »

The whole Idea of this post is to ask if you guys wouldn;t think it would be more secure if people always needed to show their ID, before an account is open, without relying on any eID&VA?

You then end up with all your important ID docs being open to misuse, abuse and loss flying around in the postal system and across people's desks.

birkee

coolesticeking wrote: »

Quite easy - The returns address on the back

I've had that many bank accounts over the years i'm sure my postman for sure knows which bank each returns address belongs to by now.

I did say, the envelope had no bank ID on it, nor any return address to a different name.

noh

birkee wrote: »

..............................................
.
......................
I can't believe a bank would rely on electronic I.D. only.

Most do so.
In my experience electronic ID tends to be more stringent than paper based ID checks.