Like if a bank gives me a home loan. They kind of need my info. That doesn't excuse negligence, I just mean the actual data collection. I'm just saying that a minimum necessary data approach would be a lot better than where we are now. Most of the KYC stuff is unnecessary and forced though. But some of it would be necessary regardless in certain cases.
Discussion
gotcha, ya the unnecessary stuff is often worse than the necessary.
And then you have bullshit like in the US where fucking everyone "needs" your social security number. It's used for seemingly everything when the original use is right in the name. It's no wonder they're all (likely) compromised. We just froze all of the credit agencies. All we can do.
for sure, another funny thing about ssns is that they can be brute forced pretty easily if you know when and where someone was born