Every fiat corporation will give you some speech about how they "take security seriously".

And it's not like they don't care at all. They would prefer to avoid the headaches that come with a data breach.

But the reality is this - when costs need to be cut, #cybersecurity staffing and spend are one of the first things on the table. It's a pure cost center. Some folks in the industry are smart and have done everything they can to make security a competitive advantage, but it will never be a true revenue driver for 99% of businesses.

Companies also have obligations to obtain your sensitive data, because of #KYC and #AML laws. And while you're scraping very sensitive data, the incentive is to just get everything you can! Maybe it will pay off some day...

This is yet another reason I am so fascinated by Bitcoin and Nostr. The idea of being able to transact on the internet in a private way is massive. Shipping these features will do more to "solve" cybersecurity than anything else.

The easiest way to secure sensitive data is to never obtain in the first place!