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.
I mean, I don't really know the point of KYC unless we are talking about a local company who can really verify if the ID is legitimate.
It's cool that fake ID's work in some KYCs. It is still sensitive information. Scammers can use your valid IDs for hacking, social engineering, etc. It is not really safe to give them personal information.