Banks accept Dubai assassins' stolen IDs

Excellent work this by Elton and iTNews.

It exposes serious limitations in the state of Electronic Verification today.  What are these systems other than fancy black lists?  When digital identity data can be stolen so easily (without the victim even being aware of it) how can EV systems provide much assurance? 

EV is seemingly locked into the cybercrime arms race, with no end yet in sight. EV tries to stay one step ahead of the bad guys by having slightly more up-to-date or slightly richer stocks of personal information against which to verify identity.

The systemic concern I have is that EV has yet to provide any fundamental resistance to ID theft. Worse, by synthesising new wash lists, some EV services are likely to be adding to the extraneous third party stockpiles of personal information waiting to be raided by organised crime. It seems obvious that we wouldn’t need EV if it wasn’t so easy to take someone’s digital identity data and replay it behind their backs.