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If you had any doubts that Know-Your-Customer laws were evil, here is one very good reason: personal data of 1 BILLION people just leaked. (cybernews.com)
submitted 6 months ago by to c/technology@lemmy.ml
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[+] -18 points 6 months ago* (last edited 4 months ago) (2 children)
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  • [–] [S] 11 points 6 months ago (1 child)

    Criminals and scammers are going to have a great day with the personal info of the 1 billion people now.

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  • [+] -5 points 6 months ago* (last edited 4 months ago) (2 children)
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  • [–] 6 points 6 months ago (1 child)

    If you gather all ropes, crowbars and knives then don't stop the criminal from getting access then it's the gov't fault. It's better if they just leave all those private knives alone and not gather it to one spot.

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  • [+] -3 points 6 months ago* (last edited 4 months ago) (1 child)
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  • [–] [S] 1 point 6 months ago (1 child)

    KYC laws resulted in the personal data of a billion people leaking. Criminals and scammers will use this data to cause much harm.

    Yes, I can condemn supporters of KYC laws for their incompetence and stupidity. This was obviously going to happen at some point. If you stockpile data, it eventually leaks.

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  • [–] 4 points 6 months ago (1 child)

    The Post Title Says "12M Aussies personal data leaked - and 1 Billion worldwide".

    That's not really sensational, it's two facts included in the article. Sensational would be "12m Aussies hacked" or something, implying something entirely different.

    There's no assertion from the article or the title that KYC shouldn't happen - you seem to be imagining that.

    However, if a service uses a third party to collect and store KYC data then that third party needs to take reasonable steps to safe guard that data.

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