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Even if just a $10/customer fine it’d still be massive. That’s 370M.
by bushbaba 4y ago
Even if just a $10/customer fine it’d still be massive. That’s 370M.
- hedora 4y agoIt needs to be company ending, and it needs to be owed to the customers so that the courts cannot negotiate it down (preferably, it would be first priority when apportioning company assets in any bankruptcy proceedings). That would force them to price out insurance policies, and then decide if paying $2500/yr per customer (since TMO has a breach like this every few years…) is greater than or less than the value the get from the data in the first place.
- voytec 4y agoSounds like a good incentive for better protection of user data in the future.
- inetknght 4y ago> Even if just a $10/customer fine it’d still be massive. Yes, exactly. It's indeed a massive value that's been stolen from the customers.