Can I trust KYC?

Good day, I'm interested in learning more about KYC processes in the world of cryptocurrency and finance. Can I truly trust KYC to safeguard my personal information and investments? With the increasing instances of cyber threats and data breaches, I'm hesitant to provide my sensitive details to these platforms. What measures are in place to ensure the security and privacy of my information? How do KYC regulations help prevent fraudulent activities in the cryptocurrency market? Thank you for your insights.