As businesses continue to integrate sophisticated identity verification systems, the temptation to collect as much user data as possible grows. Unfortunately, this approach backfires. Storing excessive amounts of personal data, particularly in onboarding and KYC (Know Your Customer) flows, does not automatically lead to enhanced security. Instead, it expands the surface area for vulnerabilities and increases the potential scale of impact of security incidents.
Berkeley Police Chief Jennifer Louis said the change was necessary to align with state and federal privacy requirements, protect officers when on duty and prevent potential suspects from evading arrest. Having considered alternatives, Louis said switching between encrypted and unencrypted channels would be challenging given a dispatch staffing shortage and delaying the feed or creating a key or workaround for media would not solve the issue of protecting sensitive information, as required by a 2020 memo from former California Attorney General Xavier Becerra.
You've built a lending process that works. Your team is efficient, your systems are dialed in and you've invested in technology to stay competitive. But if you still rely on credit reports, static databases or third-party records that borrowers didn't explicitly authorize, you're not as modern as you think. Consumer expectations have shifted. In a world where privacy and transparency matter, outdated data practices are more than just annoying; they're trust killers.
A former WhatsApp security chief alleges that Meta's obsession with performance reviews left millions of users vulnerable and also cost him his job. Attaullah Baig, WhatsApp's former head of security, sued Meta earlier this month, alleging that the company ignored major privacy risks and that he faced retaliation for his cybersecurity disclosures. He said hackers were taking over more than 100,000 accounts a day and that thousands of employees had access to sensitive user data like profile photos, locations, and contact lists, leaving millions of users exposed.
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