if we happen to be a user of the platform listed here:
https://en.wikipedia.org/wiki/List_of_data_breacheshttps://www.upguard.com/blog/biggest-data-breachesI don't think our personal data is still safe. Breaches and hacks happen even with the most secure platform. So I think we shouldn't be concerned about KYC and possible data leak if ever someone successfully hacked the Roobet database. As far as we are concerned, I believe Roobet will safeguard its users' data. They are in a business and they don't want to lose any clients due to the data hacking incident. But let us understand, as businesses complying with the authority's regulation, they must implement the needed procedure so that they can operate in peace. It is either we cooperate or stop playing, the choice is ours to make, yes?
the safest way would probably use a system where data is stored briefly in a cryptographic way and deleted after verification
but I bet most of the websites store it indefinitely.
there's a third option for them: to decide not to comply and go decentralized / anonymous teams, but of course they'll end up losing market share if opting to go this way.