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Data Theft

Definition

Data Theft is the unauthorized acquisition or appropriation of sensitive or confidential information. In the realm of digital assets, this can encompass the illicit seizure of private keys, wallet credentials, or personal identification information used for KYC/AML compliance. Such breaches can lead to the direct financial loss of cryptocurrencies or the compromise of user identities, facilitating further fraudulent activities. Protecting against data theft requires robust security practices at both the individual and systemic levels.