Exchanges and ICOs can do a lot more to secure users’ data

By Bruce Silcoff, CEO, Shyft Network International

Major data breaches at crypto exchanges have become far too common. Reportedly, personally identifying data from thousands of users from multiple major crypto exchanges has been available for sale since at least July of last year. This isn’t an abstract dataset we’re talking about. This includes photos of users holding sensitive documents like passports and driver’s licenses. Should exchanges and ICOs do more to keep users’ sensitive data safe? This issue is a systemic one, and it goes well beyond the crypto world.

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