Identity Verification Stops Fake and Stolen IDs

[Potato Chips]

If you think these stops bad actors from exploiting kyc verification flaws, no it does not.

These checks doesn't guarantee 100% effectiveness. A lot of reputed companies always had checks to combat malicious submissions, but some always slip through. AI development goes both ways too. If companies are using AI to detect malicious submissions, bad actors are also using AI to generate non existent people lol. I doubt most verification providers have access to citizens ID info like what authorities do.

In addition, some people sell their information by verifying accounts. There have been services like this.

[LUCKMCFLY]

It's easy to say that these are some of the Supposed advantages of KYC compliance, especially for minors Trying to enter a casino with false Identities or for Criminals who want to launder money , but these are the kinds of things we must understand don't Always work, and if we start from the Premise that KYC was created thanks to government regulations for Control... what can be expected?

[Findingnemo]

We can say these new technology restricted the fake identity but the same development in technology is helping to bypass these kind of verification with completely AI-generated videos so without human intervention these will not be 100% safe. But again a casino can only check the legitimacy of the submitted documents to certain level but if the document provider uses realistic ways to cheat then they might not be responsible because they don't have access to government ID database of every country right?

[Dunamisx]

On a normal day, the reason for user identity verification is to prevent from scam or hack and any use of fake identity to be used in our place instead, but aside these, I don't think there's anything more better and bigger that we should expect from the casinos, while our own confidentiality has been tread upon because they are no more secured with them.

[uneng]

Actually, identity verification procedure encourages fakes and ID theft... Scammers will appeal to those methods in order to continue their scam schemes going on. They will steal IDs or fake new ones when going into the verification procedure, so they can continue having access to the platforms.

KYC is just intrusive and worthless, nothing more. There aren't advantages on it for users. They are actually harmful, moreover due to dataleaks being quite frequent on the internet. If regulators were concerned about users, they wouldn't ask them to share their IDs with third party services on the internet.

[Betwrong]

~ Being a supporter of KYC I find myself in the minority among the crypto gambling sites users, but I think they will understand with time that the procedure is unavoidable these days, especially if you want to help fighting criminals. If you are not doing anything illegal, you shouldn't be afraid of KYC, but criminals should.

There are easier ways like implementing KYC on this facial recognition will be synchronized with your ID card, this is much simpler and can combat crime on a large scale for those who cheat with fake IDs, but the risks are also sometimes very large, especially if the casino does not maintain their customer data well, this can be used for other potential crimes in the future, facial recognition is very good but so are the risks.

Yeah, there are always some risks. If someone thinks he\she can live without risk, they are just wrong about fundamental things of which life is built. Just breathing is a big risk, eating anything even just drinking water is already a bigger risk than just breathing and so on. To cut the story short, what you can do, if you still want to keep living, is minimize your risks all the time. If you think that facial recognition is "very good" and you can minimize your risks this way - do it.

[Akbarkoe]

~ Being a supporter of KYC I find myself in the minority among the crypto gambling sites users, but I think they will understand with time that the procedure is unavoidable these days, especially if you want to help fighting criminals. If you are not doing anything illegal, you shouldn't be afraid of KYC, but criminals should.

There are easier ways like implementing KYC on this facial recognition will be synchronized with your ID card, this is much simpler and can combat crime on a large scale for those who cheat with fake IDs, but the risks are also sometimes very large, especially if the casino does not maintain their customer data well, this can be used for other potential crimes in the future, facial recognition is very good but so are the risks.

Yeah, there are always some risks. If someone thinks he\she can live without risk, they are just wrong about fundamental things of which life is built. Just breathing is a big risk, eating anything even just drinking water is already a bigger risk than just breathing and so on. To cut the story short, what you can do, if you still want to keep living, is minimize your risks all the time. If you think that facial recognition is "very good" and you can minimize your risks this way - do it.

Criteria in risk management certainly have their own standards, such as only doing KYC in casinos that you or I can really trust, for example, this is one form of minimizing risk in its own way, I like your argument, so we can conclude this situation, because KYC is definitely mandatory for casinos because it is the current casino regulatory standard, so we only need to sort out casinos that we can trust if we want to do KYC, we must be aware of this.

[arwin100]

~ Being a supporter of KYC I find myself in the minority among the crypto gambling sites users, but I think they will understand with time that the procedure is unavoidable these days, especially if you want to help fighting criminals. If you are not doing anything illegal, you shouldn't be afraid of KYC, but criminals should.

There are easier ways like implementing KYC on this facial recognition will be synchronized with your ID card, this is much simpler and can combat crime on a large scale for those who cheat with fake IDs, but the risks are also sometimes very large, especially if the casino does not maintain their customer data well, this can be used for other potential crimes in the future, facial recognition is very good but so are the risks.

Yeah, there are always some risks. If someone thinks he\she can live without risk, they are just wrong about fundamental things of which life is built. Just breathing is a big risk, eating anything even just drinking water is already a bigger risk than just breathing and so on. To cut the story short, what you can do, if you still want to keep living, is minimize your risks all the time. If you think that facial recognition is "very good" and you can minimize your risks this way - do it.

Criteria in risk management certainly have their own standards, such as only doing KYC in casinos that you or I can really trust, for example, this is one form of minimizing risk in its own way, I like your argument, so we can conclude this situation, because KYC is definitely mandatory for casinos because it is the current casino regulatory standard, so we only need to sort out casinos that we can trust if we want to do KYC, we must be aware of this.

Nowadays it seems that KYC became mandatory due to regulations happening on the casinos, with this the situation give us real risk is by choosing which of those casino are really trusted.

Being selective for those top casinos here in Bitcointalk is one way to make us safe, we can also have some assurance that they are compliant and will provably not give us a problem regarding on any possible issues brought up by identity thief or with other things.

[Akbarkoe]

Criteria in risk management certainly have their own standards, such as only doing KYC in casinos that you or I can really trust, for example, this is one form of minimizing risk in its own way, I like your argument, so we can conclude this situation, because KYC is definitely mandatory for casinos because it is the current casino regulatory standard, so we only need to sort out casinos that we can trust if we want to do KYC, we must be aware of this.

Nowadays it seems that KYC became mandatory due to regulations happening on the casinos, with this the situation give us real risk is by choosing which of those casino are really trusted.

Being selective for those top casinos here in Bitcointalk is one way to make us safe, we can also have some assurance that they are compliant and will provably not give us a problem regarding on any possible issues brought up by identity thief or with other things.

Do you have specific criteria for evaluating casinos on Bitcointalk? Just to make sure you feel confident and secure with your personal data, as I don't think signature campaigns will always work as we expect. This could be an important recommendation for forum users. Perhaps you could share it here, as KYC is very risky, and the number of casinos on the forum can exceed 100 if you count them.

[qwertyup23]

While what you mentioned is ideal, I hope there is a perfect system that can accurately detect if a person is using a fake ID or not.

Be reminded also that there is a huge market for gamblers who prefer to avoid KYC on gambling websites. While such system is mostly mandated by the government and in order to comply with the laws and regulations per country, still, a gambling casino who requires KYC should at least have a security system that is safe and secure.

We can say these new technology restricted the fake identity but the same development in technology is helping to bypass these kind of verification with completely AI-generated videos so without human intervention these will not be 100% safe. But again a casino can only check the legitimacy of the submitted documents to certain level but if the document provider uses realistic ways to cheat then they might not be responsible because they don't have access to government ID database of every country right?

There is indeed no perfect system yet that can accurately separate a fake generated ID from a genuine one. While technology improves day after day, this is still the gap that the latter lacks in terms of reliability and accuracy. This is exactly the reason on why most gamblers prefer a gambling website that does NOT offer any KYC primarily for their safety.

[Su-asa]

There are already systems like this. Still baffles me how some can still fool the casino and get registered with fake documents. Maybe some sell their accounts after verification to different people. The black market is vast.

First of all, I would say that we should not forget the fact that some people knowingly sell their accounts after along time of use, and they have probably done their KYC process before selling out their account. So it's not just that people get fake documents and use them fit verifications, sometimes they bought an already processed betting account or crypto wallet that is already done with KYC verification process.

[ScamViruS]

Gamblers try to avoid KYC. Using fake information is a last resort when there is no other option. There are many gamblers who look for casinos that do not ask for KYC so that the gambler can keep his personal information safe. But yes, the verification process should be made more secure, because casinos that require KYC will definitely want the gambler who is registering and verifying on their platform to be a real person. But it is also a reality that over time, even those smart people can find weaknesses in any system and use them to their advantage.