androidsixteen 🌲
@androidsixteen.eth
Kind of sad how a major data breach is basically a nothingburger nowadays The market shrugs it off, people are too exhausted to care, and antiquated KYC policies don’t change When a society lacks the collective will to change clearly detrimental patterns, it has accepted its decline (the opposite of “it’s always day 1”)
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keccers
@keccers.eth
I don’t find it particularly detrimental that a company I do business with knows who I am. I find it detrimental that in cost cutting efforts they employed people possibly more desperate and low ethics than Americans That said, it stands to reason the entire world will become this — desperate and 0 morals — which point a re-evaluation of KYC will be necessary just because the tatters left of the social contract will be pulverized but we still have to do business
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zach
@heyztb.eth
is this about Coinbase? or did I miss something
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J Finn 🎩
@jdotfinn
in this case, what can people actually do tho? there needs to be solid off-ramps and CB seemed trustable. the easiest part of the crypto exchange business model to cut expenses on seems to be support, and to a certain extent security. I am not sure what the alternative path is ...
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basil (recession arc)
@itsbasil
it’s almost like centralized data custody is the real risk vector, not whether we filled out the forms the study will be amazing; leaked kyc to phished pipeline is undefeated
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links 🏴
@links
The market has spoken. Convenience wins over security.
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jp 🎩
@jpfraneto.eth
i read someone say yesterday “it is time to make KYC illegal” loved it
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Yasam Usup
@yasam
Data breaches are concerning but fail to spark change due to apathy and ineffective policies. Decline accepted, opposite of innovation
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georgeh
@georgeh
Yep, I think data breaches have become common enough where people just accept them as inevitable as death and taxes. Ties to a broader issue and sentiment around privacy eroding. As a consequence, I’ve noticed ads and sponsorships around consumer privacy tools to mitigate personal exposure have ramped up a lot. That’s good but sadly serves no use for the worst breaches: tradfi companies with yes very antiquated KYC policies that don’t even effectively mitigate fraud. Until something changes, just gotta pray your info wasn’t part of the leak.. smh
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depressivehacks
@depressivehacks
I tried talking to my family about this and their response was "Everyone has all my info anyway." I find it terrifying that my information is out there and I have zero recourse to get it back. I find it infuriating that it's there through no fault of my own. The outright refusal of companies to provide their service to you if you don't provide them data they deem mandatory is to blame. I gave my email and phone number to far too many things as a basic sign-up step before I realized the damage. It became entirely normalized and the average user had no idea what was happening on the backend.
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jivansh.eth
@parzuko
until security is treated as number 1 priority over product this will not change :(
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