herseycokguzelolacak@lemmy.ml to Technology@lemmy.worldEnglish · 8 days agoIf 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.comexternal-linkmessage-square41linkfedilinkarrow-up1456arrow-down14cross-posted to: technology@lemmy.ml
arrow-up1452arrow-down1external-linkIf 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.comherseycokguzelolacak@lemmy.ml to Technology@lemmy.worldEnglish · 8 days agomessage-square41linkfedilinkcross-posted to: technology@lemmy.ml
minus-squareinfinitesunrise@slrpnk.netlinkfedilinkEnglisharrow-up4·8 days agoWhy? Little corporations must comply with KYC law, too. They’re all required to gather personal data.
minus-squarebacon_pdp@lemmy.worldlinkfedilinkEnglisharrow-up1·8 days agoIf a small business comply with KYC laws and gets breached, less than 1000 people get impacted. One would have to breach a million different companies to equal the scale of a single mega corporation.
Why? Little corporations must comply with KYC law, too. They’re all required to gather personal data.
If a small business comply with KYC laws and gets breached, less than 1000 people get impacted. One would have to breach a million different companies to equal the scale of a single mega corporation.