🚨 BREAKING: Major data breach at Sumitomo Mitsui Financial Group

32,000+ card loan customers exposed:
• Names, addresses, income data
• Loan amounts & credit details
• Up to 120,000 Docomo SMTB Bank customers potentially affected

Unauthorized access to loan guarantee system. This is huge for Japanese fintech security.

Trad finance still can't protect user data properly. Meanwhile crypto natives are building zero-knowledge solutions that never expose this info in the first place.

Bullish on privacy tech. Bearish on centralized data honeypots.