Insane. Just insane.
But the public don't understand and therefore don't care.
The pollies are 'seen to be' doing something. Even if it is totally ineffective.
I would hazard a bet that 99.9% of daily 'checking' of an ASIC is a visual challenge and response, usually by a non security person - e.g. another AISC holder working as crew, ground support, engineering etc. So tell me - how easy would it be to fake up a red plastic card? The little hologram is just as easily faked - if you were to even bother. Who is really going to take a close look at it? Especially at woop woop? But thats the whole reality isn't it - nobody is going to challenge it because.... well what is the real threat?
Some enterprising crim could make a nice earner out of making fake ASICS - if they arent already (and you dont already count the higher power behind all this as criminal in their conduct)