talking about that thing. does it only apply to some business/org. ? when a big bank launders money for years they get fines and continue to business like nothing happened, this happens every few years.
Absolutely. That's why I stopped validating passwords and emails. Nobody votes with their wallets anyway, so I don't have to worry about losing customers, and regulations only go after the evil hacker testing whether 1234 might work as a password, not me for choosing not to check its hash against my database. Law-abiding citizens would never try to impersonate one another, so I'm sure fraud on my platform is low.
Criminal negligence is a thing.
talking about that thing. does it only apply to some business/org. ? when a big bank launders money for years they get fines and continue to business like nothing happened, this happens every few years.
Criminal negligence usually involves bodily harm or serious risk of bodily harm.
It also requires a significant degree of willfull negligence. So in this case the criminal would be anyone who had deposited funds in Binance.
A thing that doesn’t apply to information security
Absolutely. That's why I stopped validating passwords and emails. Nobody votes with their wallets anyway, so I don't have to worry about losing customers, and regulations only go after the evil hacker testing whether 1234 might work as a password, not me for choosing not to check its hash against my database. Law-abiding citizens would never try to impersonate one another, so I'm sure fraud on my platform is low.
Some think it was North Korea ;)
This is absolutely false. But I understand why someone would believe that in this joke of an industry where all the liability often falls on the user.