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Companies should not be allowed to advertise blanket statements like: “We value your privacy.” Instead, they should be required to write into their privacy poli
by Veserv 4y ago
Companies should not be allowed to advertise blanket statements like: “We value your privacy.” Instead, they should be required to write into their privacy policy/contracts a pre-computed/liquidated damages clause in the event of breach and only be allowed to advertise that.
So, in this case, they would only be able to advertise: “We value your privacy at $2.” And see how many takers they would get. If they want to make a more compelling privacy case, then they would be required to take on the risk of their increased promises in the event of breach.
This allows small companies with no security to not get slaughtered as long as they accurately inform you of the risk profile of using their service, while preventing large companies that you would expect to be stable from lying about their guarantees.