Comment by shakna

4 hours ago

KYC rules require the banks collect those, and keep them on an online portal. This information is held by the ABA - hence why they were falsely accused because of the infostealer breach last year.

I have absolutely not said banks should stop collecting ID. Collecting it in person is a fantastic idea. Holding it on an isolated network is difficult, but a good compromise, and banks are better suited to doing that than most.

Uploading it to a S3 bucket in Sydney, as the ABA do, is a moronic decision. That myID upload it to a Azure Blob in Sydney, is worse than I feel the need to explain.

If you think you can succeed, where literally no one else in the world has, good luck to you. But I expect the same result as Forticode.