A new dark web operation has been uncovered where hackers are farming Face ID images and matching identity documents.
Researchers from iProovโs biometric threat intelligence unit discovered this scheme, which involves criminals collecting genuine identity data to bypass identity verification systems.
The operation is targeting systems like Know Your Customer (KYC) verification, crucial for preventing fraud in banks and financial institutions.
Instead of scraping stolen data, the hackers are paying individuals for their biometric data and identity documents, creating a sophisticated fraud system.
Andrew Newell, iProovโs chief scientific officer, expressed concern about the growing trend of people willingly selling their identities for short-term financial gain.
This creates a dangerous situation, as the criminals now have access to both authentic documents and matching biometric data, making it difficult to detect fraud.
If approached by anyone offering money in exchange for your personal data, itโs crucial to decline.
The short-term gain could lead to long-term security risks.
