The site, called OnlyFake, threatens to streamline everything from bank fraud to money laundering, and has implications for cybersecurity writ large.

Summary

OnlyFake, an underground website, employs neural networks to swiftly produce convincing fake IDs for just $15, potentially facilitating bank fraud and money laundering. Verified by 404 Media, the service allows users to input desired information and a passport photo, generating realistic IDs, even mimicking signatures. With its purported use of neural networks and generators, OnlyFake claims to churn out up to 20,000 documents daily, mainly for US identities. The IDs, backed by real-looking backgrounds, can pass online verification, posing challenges to platforms like OKX cryptocurrency exchange. While some companies, such as Jumio and Coinbase, aim to counter such fraud, OnlyFake’s AI-powered IDs present a formidable challenge. Wick, the service’s owner, aims to expand its capabilities, potentially including face and selfie generation. Discussions within OnlyFake’s community suggest a pursuit of solutions for video verification challenges. Senator Ron Wyden warns of the growing threat posed by AI-based tools, urging the adoption of secure authentication methods. This revelation comes amidst a broader trend of AI-driven fraud, exemplified by AI-generated voices and images, highlighting the need for robust cybersecurity measures.

  • rottingleafEnglish
    12·
    10 months ago

    This shows that anything is pointless if the other side believes in kinds of verification which can be manufactured the way you can’t distinguish it from the real thing.

    Frankly I’m feeling a bit of love now to banks which don’t allow you to do anything scary without visiting their office in person.

    • shortwavesurfer@monero.townEnglish
      37·
      10 months ago

      And I’m on the completely opposite end where the person I trust to have my best interest at heart is me. So I have crypto and manage it myself.

        • shortwavesurfer@monero.townEnglish
          54·
          10 months ago

          Money is what people say it is. And enough people see crypto as money to make it money. As an example, I have been buying my groceries with it for over a year now. And if it were not money, I would have starved.

          • rottingleafEnglish
            4·
            10 months ago

            I agree that money is what people say money is, but if it’s too volatile, it may still be a good asset, but bad currency.

            • shortwavesurfer@monero.townEnglish
              32·
              10 months ago

              I use Monero, which moves about 15% from its one year simple moving average before reverting. And while that is quite a large move for somebody from the United States, for people from other countries that is not a very bad move, but I do see your point. I base my expenses off of the one-year moving average and save some for when the price is below that and I need to use a little extra.