this post was submitted on 21 Feb 2026
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If you had any doubts that Know-Your-Customer laws were evil, here is one very good reason: personal data of 1 BILLION people just leaked. (cybernews.com)
submitted 21 hours ago by herseycokguzelolacak@lemmy.ml to c/technology@lemmy.world
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[–] nirodhaavidya@lemmy.world 6 points 14 hours ago (1 children)

“At this scale, downstream risks include account takeovers, targeted phishing, credit fraud, SIM swaps, and long-tail privacy harms. Industry-wide, the case underlines how third-party identity vendors have become critical infrastructure and can become single points of catastrophic failure,” our team explained."

Wouldn't Username + Password + SIM = 2FA password reset?

[–] mangaskahn@lemmy.world 2 points 8 hours ago

It would for all the financial industry that refuses to move to a real 2 factor system.