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It's far too common now and there doesn't seem to be any meaningful consequences for the websites/companies involved.
by Nas808 7y ago
It's far too common now and there doesn't seem to be any meaningful consequences for the websites/companies involved.
- jbombadil 7y agoIMO think this is the core of the issue. As long as there are no serious consequences for leaking user's data these things are going to continue to happen.
- reaperducer 7y agoBut if you suggest large fines for data breaches, suddenly HN resounds with a chorus of "regulatory capture!"
- bobwaycott 7y agoLarge fines can—and probably should—be relative. Edit: I’m not sure I’ve ever heard anyone suggest “regulatory capture” as a reason to not levy fines against companies who held breached data. HN discussions on this topic seem to trade in the same repeated points—“identity theft” is bank failure/fraud masquerading as the customer’s problem; there should be consequences and/or fines for the party who held the data; the frequency of breaches should make us rethink how private PII really is; etc.