KYC Information Serves as a Magnet for Cybercriminals, Prompting a Rethink of Collection Practices
In the modern digital economy, the process of verifying a customer’s identity—commonly referred to as Know‑Your‑Customer (KYC) compliance—has become a cornerstone of financial services, cryptocurrency platforms, online marketplaces, and a host of other internet‑based businesses. While the intent behind KYC is to deter fraud, money laundering, and other illicit activities, the way it is currently …
Sept. 9, 2026, 1:02 p.m.