I just was brought up to speed on groups of people sending in fake/Photoshopped ID's by scanning public records to defeat the KYC process and it seemingly is very easy to do. It appears that many people sent in fake documentation to the Bob's and Polymath KYC and had no hassles. How do these companies verify people if all they have to go on is public information? Did they even really check the ID's or were they simply collected the data? How rampant do you think this is? How many of us are complete fools for turning in our documents when others simply faked it. Now they have our data and the people who faked it are still secure.
NOT FAIR.
Well, projects coming up today have developed new ways of checking fake documents for KYC. Recent KYCs require participants to take new photos holding a piece of paper with the name of the project and date on it - this type of picture cannot be found in public records because of the uniqueness it taking them. With time, more advanced way of passing KYC will be developed to make it more secured.