Even if you fully trust an organization to never misuse the KYC data they collected about you, the constant stream of leaks getting into the hands of scammers should be enough to oppose KYC everywhere on principle.
Even if you fully trust an organization to never misuse the KYC data they collected about you, the constant stream of leaks getting into the hands of scammers should be enough to oppose KYC everywhere on principle.
Agreed. Vulnerabilities are constantly being discovered and very few organisations have robust patching regimes. Exfil / encrypt / extort has become the standard playbook for ransomware operators.
Doesn’t bode well for companies collecting PII.
