alt Hacker NewsCredit card is a largely fixed risk of financial loss, with some legal safeguards for recovery, and the ability to get a replacement card with a different number. Passport carries an open long-term risk of impersonation and you can't just get a new passport because some company has a copy. Just the financial side of that risk can have much greater impact. Unless a company has a legal requirement to "know your customer", e.g. a financial institution, this is a red flag.
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mschuster91 • yesterday at 4:10 PM
> Unless a company has a legal requirement to "know your customer", e.g. a financial institution, this is a red flag.
Germany also has legal KYC requirements for web hosting and most other things relating to telecommunications.
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Couldn’t have put it better myself. Even with payment processors, most they ask for is SSN and business EIN.
When I read about the WireCard scandal, the KYC stuff sent to them over the years is probably in the hands of foreign intelligence already. That’s what gave me pause.