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The problem isn't that we have numbers. It's that corporations have little incentive to protect them. Right now it's cheaper (i.e. more profitable) to do as li
by njharman 9y ago
The problem isn't that we have numbers. It's that corporations have little incentive to protect them.
Right now it's cheaper (i.e. more profitable) to do as little as possible and when/if they get hacked just pay extra on PR/lobbying for a couple weeks/month until someone else gets the public's attention.
Enact Huge (like $1000 per person exposed) fines, corporate death penalty, jail time for people in charge. And, I can guarantee you, companies will start actually protecting their data.
- alphaalpha101 9y agoThis is one of those cases where you have to be careful. Yes maybe putting huge fees on them gives them the 'incentives', but the market doesn't do what you expect most of the time. Put big fees on their failure, and they might just find more ways to deflect the blame. Corporations need to have strict liability. And in the meantimes, take away strict liability from actual humans, given that it's incredibly unethical to hold someone responsible for something they had no intent to do.
- castratikron 9y agoSenator Baldwin got Equifax to admit this in the hearing (around the 1:23:00 mark): https://www.youtube.com/watch?v=LunazYJGNXU https://www.youtube.com/watch?v=LunazYJGNXU