My hardware wallet wasn't so much about a hack on a hardware wallet, but ensuring people protect the recovery phrase and wallet in such a way as to ensure they cannot be lost together in the same event, like a house fire (mining anyone?)
Also, I had to update the firmware on my Nano S the other day and it required me to uninstall all the wallets first. That was a scary moment, and the data fortunately remained, but it would only take a botched firmware update without taking the right precautions with your recovery phrase to lose it all.
I've worked for a bank in the UK and they have a lot more than PCI to worry about. The restrictions and regulations placed on EU financial companies like EU 575/2013 on prudential requirements for credit institutions is crazy. I have some currencies with Revolut for that reason because they have to comply with these regulations. I know a Chinese crypto exchange does not have to comply with these laws, but I would expect they have some similar regulations to ensure financial prudence.
Heheheh.
Yeah, I've had a couple freak out moments already with my Ledger Nano S, but over time I've gotten used to how it works and thankfully I've confirmed my seed phrases work just fine (I have a couple different wallets).
The number of regulations coming out now is just ridiculous. They are going to strangle what little life is left in the legacy systems. Everyone's going to move to the blockchain eventually.