Earlier quoted context omitted.
The software industry is full of should-be-criminal forms of negligence. Things are already horrendously bad. Basically every American's identity could stolen at this point. If any nation state or other actor decided to operationalize any of the big leaks -- eg OPM or EquiFax -- the ramifications would be catastrophic. Imagine millions of people losing their retirement accounts and all their savings. Even if you coul…
I would assume that a few nation state actors have already hoovered up all that leaked information and have it implemented in a system that is ready to steal identities, drain accounts, and otherwise wreak havoc on a large scale. They are just waiting for the higher ups to pull the trigger if and when they decide to deploy it.
But eventually there will be a sufficiently naive actor and/or a sufficiently weak moment.
The tragedy, of course, is that all we have to do is address the totally and completely obvious problem. It wouldn't even be that hard. But we won't. Last 4 of SSN is still enough to transfer a SIM even with explicit direction otherwise, and transferring a SIM is still enough to drain a bank account even with explicit direction otherwise.