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How would you quantify the harm to a consumer for this (or any other) specific data breach? We won't see this meaningfully acted upon until that can be fairly
by cdolan 5y ago
How would you quantify the harm to a consumer for this (or any other) specific data breach?
We won't see this meaningfully acted upon until that can be fairly quantified.
For context, research the "value of human life" in the legal system. The numbers vary widely, but its often seen as somewhere between $1m-$10m USD. Is data about your workout routine worth 1% of your "enterprise value" (your life value)? Probably not. 0.0001%? Maybe, that would be $500 @ $5m "life value".
But then again 70% of the $500 you are "owed" goes to the lawyers who facilitate the class action suit to get the money from the company, so enjoy a meager $150 :)