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No, if you disclose a data breach you get a small part (1-10%) of the total liquidation of the company before it goes out to pay the rest of the claims. Perhaps
by civilitty 9y ago
No, if you disclose a data breach you get a small part (1-10%) of the total liquidation of the company before it goes out to pay the rest of the claims. Perhaps have some sort of national unemployment insurance for the rest of the employees paid for by another small part of the liquidation.
- mjevans 9y agoHow about just straight un-employment but higher benefits (initially 100% salary/wages as normal) for employees who's companies shutdown or restructure?
- 300bps 9y agoNo, if you disclose a data breach you get a small part (1-10%) of the total liquidation of the company before it goes out to pay the rest of the claims. That creates an incentive for employees to cause data breaches and then disclose them for massive profit.
- mcny 9y ago> That creates an incentive for employees to cause data breaches and then disclose them for massive profit. I think this is a false premise. What is to stop an IT employee from installing Oracle database in production without a license (assuming technical leadership is incompetent like at Equifax), waiting for a bit, and going to the BSA or Oracle and saying, "hey come get your pay day". One, I think anyone with a shred of ethics won't do it and two, I think if we put the ceo AND the board in prison for the actions of the corporation and its employees (while following directions), then we create a strong incentive for corporations to be of manageable size. Now, I hear a lot from our politicians crow about how much they love small business and how much they hate "too big to fail". This will be a big boon for that. However, I am not holding my breath.