Re: [EXT] Current solutions to prove an issuer is who they claim they are

On Sat, Jan 25, 2025 at 11:05 AM Brian Richter <brian@aviary.tech> wrote:
> Here’s the article
> https://www.bbc.com/news/articles/ckgnz8rw1xgo

Ooof, how heartbreaking, that poor woman!

I presumed it was going to follow a standard scam with relatively
small and/or recoverable financial damage. Instead, this person lost
their entire life savings while in her 50s. Sure, she got scammed, but
society has also failed her -- all because she couldn't verify the
person on the other end of the line, and then because the banks didn't
have proper controls, and now because the authorities might not be
able to recover her money.

Julien's point is well made in that story. Lots of lessons in there
about building fraud-resistant  and unphishable systems; we need to do
better as a society.

Would any of these things have helped?

1. Asking the scammer for a VP of a selectively-disclosed identity document?
2. Setting up a communication channel w/ continuous identity verification?
3. The bank requiring VPs for sender and receiver of funds in that
amount? Exposing that information to the victim?
4. The bank/money transfer app providing an AI that goes through a
safety checklist (which includes providing documentation for the
transfer)?

What else could we build/deploy that would have helped in this case?

-- manu

-- 
Manu Sporny - https://www.linkedin.com/in/manusporny/
Founder/CEO - Digital Bazaar, Inc.
https://www.digitalbazaar.com/

Received on Saturday, 25 January 2025 16:49:55 UTC