This would be awesome since companies were suddenly incentivised to keep personal data to a minimum. Instead of having idiots in government that complain about

This would be awesome since companies were suddenly incentivised to keep personal data to a minimum. Instead of having idiots in government that complain about what plebs post online and want to hold companies responsible for it, this would actually be sensible legislation. I would only apply it to business models that directly monetize consumer data though, because there are no technological means to guarantee complete security. A fact more people calling themselves computer scientists should make more clear in my opinion. But if you want to monetize data, you have the responsibility to keep it safe. Would have severe consequences for funding of some sites, but I think it would seriously be worth it.