It's never that simple. You're implicitly assuming that a fraudster wants the account long term, which is rarely true.
And identity is a VERY complex area, and nothing like as simple as "plenty of ways to verify identities". Particularly noting that fraud is often carried out by leveraging many partial opportunities: I use the (false/stolen) identity from over there to carry out of the fraud over here.
And identity is a VERY complex area, and nothing like as simple as "plenty of ways to verify identities". Particularly noting that fraud is often carried out by leveraging many partial opportunities: I use the (false/stolen) identity from over there to carry out of the fraud over here.