Analysts Learn About Cases of Voluntary Biometric Compromise

Hackers are using genuine biometric data purchased from users to bypass KYC checks. They have already managed to collect “a significant collection of identity documents and corresponding facial images,” iProov analysts reported.

The information they have obtained is used in fraudulent activities against various financial institutions.

The researchers warned that the combination of legitimate documents and genuine matching biometric data makes it “extremely difficult” to detect fraudsters using traditional verification methods.$BTC $STEEM $ACA #BtcNewHolder