Re: Mengapa KYC Sangat Berbahaya dan Tidak Berguna (by 1miau)
⭐ Merited by 1miau (2)
It's useless because it doesn't stop "money laundering and terrorism financing". Criminals won't have any difficulties to pass KYC (they can use faked or stolen documents or hacked / stolen already verified accounts).
Indeed. Criminals have many ways to manipulate the data. They can edit photos, names, or using people's identities that they got in various ways. It is difficult to trust data through KYC, even the requirements have been quite strict and details. Maybe some ways that can be used to minimize the manipulation or fake data are :- Validation with live video
- Cooperate with governmental authorities to verify the data
it's just dangerous for normal users who are forced to do KYC because their accounts will be attacked.
I ever heard that KYC data can be traded on the black market. It is clearly worrying because the data can be used for criminal purposes if it sold to criminals or hackers. It is the worst thing that very possible to happen since there is no guarantee for the security of our data. Ex: https://www.independent.co.uk/life-style/gadgets-and-tech/news/dark-web-id-value-hackers-cyber-crime-a8683821.html
Exactly, even top exchanges can be hacked (like it happened for Binance) and user data was stolen.
In the digital world, there is no system with 100% safe. Not only Binance, but government sites or banks also can be targeted and hacked. However, trusted platforms or exchanges should have better security than unpopular ones. They must improve security regularly and continuously.*Kepada OP dan Pak moderator Indonesia, saya izin membalas (reply) dengan bahasa Inggris.
