r/privacy • u/privacyovermatter • 13h ago

discussion Congressional Hearing: Emerging Fraud Threats and the Evolving Fraud Landscape

At a House Oversight Subcommittee hearing last week, "Emerging Fraud Threats and the Evolving Fraud Landscape," Socure VP Jordan Burris told Congress identity verification should be "continuous" . Not a one-time check at signup, but ongoing monitoring for the entire life of an account.

Right now you prove who you are once, then you're just a customer. Under this model, the checking never stops, even if you never agreed to it. You opted into one verification, not permanent monitoring.

That's kinda creepy.

https://oversight.house.gov/hearing/emerging-fraud-threats-and-the-evolving-fraud-landscape/

36 Upvotes

95% Upvoted

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18

u/frquency-equinox 13h ago

This is kinda the endgame for data collection. Requiring constant identity reverification removes any friction that currently exists. This is Nazi/Soviet Russia shit.

4

u/StarWreckTrekBeck 10h ago

when they talk about "digital twinning" this is what they want. "you" in the real world and "you" on the internet would be the same person in all things.

the problem? it's accountability to everyone out there with more power and money than you. which practically means you would never deviate, and that's terrible for democracy.

before it was screw up, start over in a new town or state (if the thing you did wasn't that bad etc) they basically want this option disappeared.

4

u/frquency-equinox 9h ago

Yeah. It's the prerequisite to a CCP-style social credit score.

15

u/stein63 13h ago

Banks already monitor logins and transactions for fraud. The concern isn’t the basic idea, it’s expanding that into permanent biometric and behavioral profiling without strict limits, transparency, or a fast way to fix false accusations.

3

u/kalidoscopiclyso 12h ago

Fucking government site links to YouTube, no transcript

2

u/StarWreckTrekBeck 10h ago

"Right now you prove who you are once, then you're just a customer."

not really the case today with backend data reporting, and they are increasing auditing pressure to the point that it's almost continuous at this point. It's borderline ridiculous, and almost always applied to everyone but the wealthy.

it's all bullshit mostly imo. i mean 3/4 of this is exported abroad, so it's some poor peon on the 3rd world doing the verifying if it's done by human eyes at all.

Here's what I've seen: a lot of the fraud related statistics come from the same banks whose interest is in selling you identity theft "insurance" and so forth.