Is On the web Account Verification Exactly Necessary? A Debate About No Deposit Checks

[DerekRhett]

I've been looking at the data - it would seem that a significant number of fraudulent account openings are triggered by seemingly innocuous verification steps. Does this propose that the system itself is flawed, or is it just a consequence of human error and safety vulnerabilities? What's your take on how robust verification strategies should be designed to minimize those issues?