CRS & National Security Risk

[wellington]

Was thinking this evening, aside from the gross violation of personal privacy, isn't it interesting how theoretically (Thailand for example having their CRS access points hacked potentially due to their usual lack of maintenance) scaled across the Globe, the sheer potential for national security impacts from information about Citizens of X country either being openly shared with Z, Y country etc.

Financial information that in theory would provide an opportunity to recognise 'pain' points in specific people that can be targeted for enticement for state espionage, corporate espionage, generic blackmail, or even have nots targeting have so's.

Then factor in bad state actors and what they could do with just leaking information...

Has the world gone Barney? 50 years ago the idea of this system would have been laughed at, 80 years ago it was similar information that ultimately was used to persecute and genocide the Jews (have so's).

 

[JackAlabama]

Was thinking this evening, aside from the gross violation of personal privacy, isn't it interesting how theoretically (Thailand for example having their CRS access points hacked potentially due to their usual lack of maintenance) scaled across the Globe, the sheer potential for national security impacts from information about Citizens of X country either being openly shared with Z, Y country etc.

Financial information that in theory would provide an opportunity to recognise 'pain' points in specific people that can be targeted for enticement for state espionage, corporate espionage, generic blackmail, or even have nots targeting have so's.

Then factor in bad state actors and what they could do with just leaking information...

Has the world gone Barney? 50 years ago the idea of this system would have been laughed at, 80 years ago it was similar information that ultimately was used to persecute and genocide the Jews (have so's).

Yes these are very good points you bring up here, that risk is for sure very real. Id say handling crs is very important depending on where you live.

Looking at the crs list, you have other great countries known for -very careful maintenance and strong rule of law- like Mexico, Nigeria, Brazil etc.
I guess that explains why usa is now by far the very most popular offshore banking place, followed by place where you can have residencies which the global gestapo tries to shut down.

Crs might be ok if you live in Singaopre and bank in Switzerland where both places work diligently and mostly by the books, but otherwise you run risks since they provide a nice data set.

The price of Bitcoin did not raise to these levels for no reason either...

 

[myhand]

Has the world gone Barney? 50 years ago the idea of this system would have been laughed at, 80 years ago it was similar information that ultimately was used to persecute and genocide the Jews (have so's).

history repeat not surprisingly

 

[wellington]

history repeat not surprisingly

Problem is you could have internal affairs manipulation the direction of a country simply because information is so freely shared.

US for example already manipulates countries to their direction (Russia, China likewise but to a less degree), now factor in a endless amount of information on potential subjects at the click of a button...

 

[BarleyMalt]

Yes it's a big problem, no leak has been revealed yet as it's probably better for state actors to keep doors open. All of those databases are unsafe by design and waiting to get hacked.

It even happens to the best. Story time: when you get a clearance to access confidential documents In the USA, you to need to undergo a special procedure, where you tell the examiner all of your personal secrets. What is your sexuality, if you did drugs, who you have/had sex with, etc... all of the informations that could be used to blackmail you.

It is then added to a cursed database. And... yes, the Chinese hacked it !

https://archive.ph/nR4fG