Posted by robtherobber 5 hours ago
First, identity verification data for KYC is a little bit different from fast food or social media in that it's very difficult to live a normal life without being subject to any KYC checks. (I'm sure someone will chime in that they get paid in bitcoin and buy their groceries with cash.) If you are applying for some financial product or service that requires KYC, and they can't find any information about you, you will often either be denied that product or have to jump through a bunch of additional hoops to prove who you are. So it benefits CXOs to have their data included in these datasets, in fact if they are well paid they may well have more activity requiring KYC checks than the average person.
Second, and much more simply, one's own data often makes for a good test case since you know its accuracy.
and I've never seen any confirmation elsewhere
Looks like CyberNews have edited the article with more info since first I saw it, it used to look quite suspicious and untrustworthy, it now has more info. Still doesn't say exactly what a record is, or how many uniques there are.
https://www.idmerit.com/blog/idmerits-data-breach-fail-safe-...
archived for posterity: https://archive.ph/MdSfO
For example if I (as a German in Germany, ymmv) open a bank account online that involves a call with one of these companies where they take pictures and information from my passport and check that that's me. Then I choose payment in installments on some online shop, same game. Apply for a small loan? Same game. Set up an account for trading (stock exchange or crypto)? You guessed it, another call. Another payment in installments, backed by the same bank? Apparently verifying my identity again is easier than checking their database. Each of those is another record. Potentially with a new identity document, address or even name (maybe you got married) but mostly just the same data confirmed again with another timestamp
Not all of them use the same identity verification service, but there aren't that many. And I wouldn't be surprised to learn that many are the same company under different brands
Edit- rereading this, you’re obviously talking about scale. The original article is much better : https://cybernews.com/security/global-data-leak-exposes-bill...
Until then, you're putting the weight of the law on the wrong side of the equation, since developers aren't the ones consciously making risky decisions.
The fact that they didn't vet their data providers then has to be considered a form of negligence. In the end, its the company I am handing over my details to to act responsibly, not their providers.
I hate this responsibility delegating when its not a good luck, and this will continue to get worse now as the entire internet will be ID gated soon. But don't worry, all the lapse in privacy and even security in the name of 'saving the kids'.