A massive global data leak linked to IDMerit has exposed 1 billion personal records, including national IDs and emails, across the US, Europe, and Asia.
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.
Ok but how would that even work? When a company’s product/service is good, then people start recommending it to others and more and more people start using it. The only way to stop companies from growing big is to force them to stop accepting customers after a certain point.
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.
Ok but how would that even work? When a company’s product/service is good, then people start recommending it to others and more and more people start using it. The only way to stop companies from growing big is to force them to stop accepting customers after a certain point.