ADVERTISEMENT
LIVE DESK·Global markets desk·Last updated 14s ago
ADVERTISEMENT
Markets/CryptoArticle

KYC data is an irresistible honeypot for hackers, and we must change how it is collected

KYC data attracts hackers, prompting calls to revamp collection methods, while privacy‑preserving verification could let users share only needed information.

MW
Marcus Webb · Crypto Desk · 16 Sept 2026 · 15:31 · 1 min read
Share
KYC data is an irresistible honeypot for hackers, and we must change how it is collected

KYC data is described as an irresistible honeypot for hackers, leading to calls for a change in how it is collected.

Bitcoin

BTCUSD
Full profile →
75792.0100▼ 0.75%
As of 16/09/2026, 16:16:32

Privacy‑preserving identity verification systems could allow individuals to prove only what a service needs to know while keeping the underlying information under their control, writes Coin Center’s Laz Pieper.

This article was produced with AI assistance and edited by a Finance Review Daily journalist.
ADVERTISEMENT
Share this story
MW
Written by
Marcus Webb
Crypto Desk

Marcus reports on digital assets, from spot ETF flows to protocol-level developments in DeFi. He pays particular attention to how institutional adoption is reshaping crypto market structure.

More from Marcus Webb →
ADVERTISEMENT
ADVERTISEMENT