Another day, another data breach—except this time, it’s not some rinky-dink crypto startup or a hacker collective from a basement in Minsk. It’s Bank of America, the second-largest financial institution in the United States. A supposed fortress of fiduciary trust has admitted, sheepishly and belatedly, that it lost sensitive customer documents in transit. These weren’t post-it notes with a phone number scribbled on them. We're talking about names, addresses, account numbers, and the Holy Grail of identity theft—Social Security numbers. Let’s call this what it is: an institutional security failure of the highest order. But instead of sirens blaring and executives being hauled before Congress, we get a PR-crafted “We’re sorry for the inconvenience” letter and a two-year subscription to…

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