Replying to Avatar Bill Cypher

For you to accurately KYC someone, you must outsmart both AI and stolen identities from data breaches.

AI and stolen identities are both improving in quality. AI may slow, but stolen identities will always rise to the level of current KYC practice because the source is leaked KYC data.

That means that KYC brokers always desire more data, to the point of infinite invasiveness.
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Michael Matulef 2y ago

KYC creates new dangers rather than providing protection. Collecting more personal data simply expands the target for evolving cyberattack tactics that exploit ever-growing system vulnerabilities.

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