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Not the person you replied to, but while I see your point, there should not be a cap to prevent companies from taking consumer trust for granted, especially at
by yazan94 9y ago
Not the person you replied to, but while I see your point, there should not be a cap to prevent companies from taking consumer trust for granted, especially at the scale and magnitude of companies that handle almost all American's information. If a person's SSN is pretty much a key to screwing that person's financial life up is not worth protecting correctly by these companies, these companies should be financially screwed too. In the current state, will Equifax be held liable for any identity theft that occurs from this breach?
- jerf 9y agoI think we can probably all find a cap somewhere south of 1/3rd of the 2016 United States GDP for a single breach. I mean, really, once you get past the amount of assets that Apple holds, it's all the same penalty anyhow: Instant corporate bankruptcy. Arguing about whether we penalize a company trillions of dollars or quadrillions of dollars is not really an argument.