Know Your Customer

A hacker group is demanding $3 million worth of monero from Revolut within 24 hours, threatening to sell stolen customer data to other criminal groups. At least 680 customer accounts were reportedly affected, with exposed records said to include identity documents and transaction histories.

A reported dark-web sale of more than 153 million American and Canadian driver’s license records has sharpened scrutiny of how businesses collect and store identity data. Privacy advocates argue that anti-fraud systems can protect users without forcing them to surrender full copies of sensitive documents.