I used to work at Vanguard, which has significantly more assets under management than Coinbase. Vanguard had special categories for people with a lot of assets,

I used to work at Vanguard, which has significantly more assets under management than Coinbase. Vanguard had special categories for people with a lot of assets, high net worth, ultra-high net worth, etc for people that had over $10M and $100M (iirc) in assets under management at Vanguard. Because its a traditional finance company all of the client information was stored (name, phone, address, email, etc). Now it was basically impossible for any employee to get access to this information without needing it. Even working in the tech side I could not just log into the DB and run a query for people's information, make trades, etc. Everything was logged, everything was tracked, and access was very specifically restricted to limit issues. My point here is that Coinbase (blaming this on a "overseas" employee) and the TechCrunch founder are missing that traditional finance companies have already solved these issues. They are just immature and not serious companies.