Now imagine instead of just your ID, it's years of private conversations, medical records, legal records, financial records, business secrets, proprietary code, deep and dark thoughts you've struggled with, controversial questions you've asked, a hundred thoughts you'd be cancelled for, relationship or familial discussions that should never be seen by anyone...
Years of every corner of your mind. All of it leaked out, attached to your name.
And then not only used by human hackers, but adversarial AI systems themselves that can attack millions of people in seconds simultaneous in hideously advanced ways.
This is coming for every AI company. OpenAI. Anthropic. Grok. Perplexity. They store everything. They will leak everything.
Get ready to be exposed like you never thought possible. You'll wish it was just a driver's license.
@AskVenice is the antidote. We store nothing.
Unbelievable.
When I was a director of an exchange in 2013, one of the first security policies I set up was:
-Once KYC/AML was approved it was printed out.
-One copy went to a fireproof filing cabinet at main office with the compliance lead.
-One copy went to secure offsite records storage with Iron Mountain.
-Digital copies were batched weekly to an airgapped offline server.
-All access went through senior compliance team members.
Coinbase’s disclosure here focuses on the stolen funds.
But that’s irrelevant.
They got physical addresses, and government IDs.
Things you can’t change, and things that put customers at physical risk.
No element of KYC/AML policy requires this kind of stuff to be accessible to your customer support agents.
I don’t want to hear about what Coinbase is doing to recover funds - I want to hear what they are doing to better deal with private data.
And why a $60B company, had such rubbish data policies when they can easily afford to hire top class talent?