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this could be a two fold disaster. correct me if I'm wrong, but isn't NOT reporting a breach a pretty heavy fine in some countries today? Worst, if they are dum
by thrownaway954 7y ago
this could be a two fold disaster. correct me if I'm wrong, but isn't NOT reporting a breach a pretty heavy fine in some countries today? Worst, if they are dumping the data, people in the EU could be hit by GDPR fines as well if the exposed data shows they weren't keeping up with guidelines.
- jacquesm 7y agoAbsolutely, and this is problematic because now we end up with a set of incentives that works against the public interest. This will make it more likely for the companies affected to pay up. The one bit of light here is that it will show up in their accounting and auditors tend to have reporting obligations if they come across evidence of a crime.
- bagacrap 7y agoYes, if you read far enough the hackers point this out. They're asking for less money than the EU fine for non-disclosure.