Gigi ⚡🧡 on Nostr: KYC is the illicit activity. ...

KYC is the illicit activity.

quoting nevent1q…w5az

Wow. The advancements in stable diffusion technologies have led to the startling capability to generate verification images mimicking individuals undergoing the KYC (Know Your Customer) procedures for financial institutions. The implications of artificial intelligence on the integrity of identity verification are profound. As AI streamlines the replication of a person's appearance and identity characteristics, which are frequently exposed in data breaches, the barrier for malevolent actors to hijack accounts and illicitly acquire funds or data is significantly lowered. This not only poses a risk to personal assets but also threatens to tarnish the reputations of affected brands. End KYC.