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BlockNews
Home TECHNOLOGY

Security Alert: OnlyFake’s $15 IDs Spark Major Identity Fraud Concern

Michael Juanico by Michael Juanico
February 5, 2024
in TECHNOLOGY
Reading Time: 2 mins read
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  • OnlyFake uses AI to quickly generate convincing fake IDs, which are difficult to detect. It allows users to easily create realistic fake drivers licenses and passports for $15.
  • The advancement of AI-generated fake IDs calls into question current identity verification methods that rely on scanned or photographed documents.
  • The case of OnlyFake highlights the dual-use potential of AI for benefit and harm, underscoring the need for dialogue around AI regulation across sectors.

Coin Center‘s Director of Research, Peter Van Valkenburgh, has sounded the alarm on the growing threat of AI being used to generate fake IDs. This comes after an investigative report detailed an underground website called OnlyFake that claims to use neural networks to create realistic fake IDs in minutes.

JUST IN: Coin Center warns of a new AI website 'OnlyFake' creating highly realistic fake IDs for just $15

This significantly affects crypto exchange KYC 😳 pic.twitter.com/y4hzUriaeQ

— BlockNews.com (@blocknewsdotcom) February 5, 2024

How OnlyFake’s AI Works

OnlyFake allows users to easily create convincing fake IDs from drivers licenses to passports for numerous countries. The service run by an individual known as John Wick uses advanced AI techniques to generate IDs with realistic backgrounds that make them difficult to detect. For just $15, anyone can now produce high-quality phony IDs with unparalleled efficiency.

The Implications for Cybersecurity

This advancement calls into question current identity verification methods that rely on scanned or photographed documents, as AI can now create extremely realistic forgeries. Valkenburgh believes decentralized tech like blockchain could provide secure transactions without traditional ID checks. But the arms race continues as methods to combat fraud must continuously evolve to match AI’s capabilities.

Broader Societal Impacts

The rapid progress in AI-generated fake identities poses challenges beyond cybersecurity. It underscores the need to grapple with AI’s dual-use potential for benefit and harm as well as dialogue around AI regulation. The OnlyFake case serves as an example of AI’s risks that institutions across sectors must address.

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Tags: BlockchainCoin CenterCybersecurityOnlyFakePeter Van Valkenburgh
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Michael Juanico

Michael Juanico

Michael is a BSBA Management graduate from Mindanao State University and has been a professional content writer since 2019. He began exploring cryptocurrency in 2021 and has since made blockchain and digital assets his primary focus. For nearly four years, Michael has contributed research and editorial content at Aiur Labs and BlockNews, producing clear and accessible coverage of market trends, trading strategies, and project developments. He is transparent about his personal holdings in Bitcoin, TRON, and select meme tokens, combining writing expertise with hands-on market experience to deliver trustworthy insights to readers.

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