Is Digital KYC safe?

Good day, I'm curious about the safety of Digital KYC processes. As someone who deals with cryptocurrency and finance, I understand the importance of verifying identities to prevent fraud and money laundering. However, I'm concerned about the potential risks associated with storing and transmitting sensitive personal information in a digital format. Can you elaborate on the measures in place to ensure the security of Digital KYC processes? Are there any potential vulnerabilities that we should be aware of, and what steps can be taken to mitigate them? Thank you in advance for your insights.