Since the majority of users appear to have welcomed the requirement for required KYC, I believe the focus should now be on enhancing exchange security.
I don’t agree that majority have actually agreed to the KYC protocol implemented by exchanges, it is mostly exchanges that have come to the conclusion that KYC adds another level of security to their users. If you read some news once any non-KYC exchanges enforces KYC you will see some of the users fuming, most especially bitcoiners. Most just stick to the exchanges because they aren’t many out there that can provide them with some features they want. Decentralized Exchanges would have been a place to habour them but most do not have enough liquidity.
I am aware that KYC may reduce fraudulent activity, however dealing with hacking and security exploitation issues will need investing in the strengthening of security. Adoption could happen quickly with sufficient protection because safety will be assured.
One effective way of preventing this security breaches is to be very cautious in handling our storage devices, do not because you looking for something easier you compromised your security like not going through to have knowledge of how to save your money or coins on cold wallets, to not wanting to take the stress of having to store your keys yourself and there for either entrusting your keys to others or storing the funds on platforms. Also carefully scrutinizing any related information concerning your accounts ranging from mails that could contain phishing links or downloading just any applications