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Against oil spills? Yeah, the .com I work for will not cause an oil spill. Data security, that's a different manner. Yes, companies should be secure if they cl
by binspace 16y ago
Against oil spills? Yeah, the .com I work for will not cause an oil spill.
Data security, that's a different manner. Yes, companies should be secure if they claim to be, especially if they store data about their customers. Litigation and bad press, in these cases, seem to cover things well, since there tends to be more competition in the .com space. Fortunately most .com's do not need to keep sensitive information. Some do however. Sucks for them.
In the case of a player in an oligopoly for a critical industry (Energy), it's a bit different. In safety-critical industries, there is strong regulation. Why not in industries which can wreak severe environmental havoc?
The environmental damage BP caused may be worth more than the company itself. Like Exxon, I don't see them having to pay the full cost.
- Vivtek 16y agoIn fact, their liability is explicitly capped at a mere $75 million by law.
- anigbrowl 16y agohttp://www.law.cornell.edu/uscode/33/usc_sec_33_00002704----000-.html http://www.law.cornell.edu/uscode/33/usc_sec_33_00002704----... Please read section (c). I'm perplexed that this half-truth continues to get thrown around as fact more than a month after the incident.