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A statutory fine of $50k per compromised account would get the attention of the credit bureaus. (It might drive them out of business, but it sure would get thei
by ISL 3y ago
A statutory fine of $50k per compromised account would get the attention of the credit bureaus. (It might drive them out of business, but it sure would get their attention.)
- LoganDark 3y ago$50k seems at least four or five orders of magnitude too low to be of any concern to them
- foob 3y agoFor reference, Equifax leaked the personal information of 147 million people (myself included). Multiplying that by $50k is over 7 trillion dollars. In actuality, they were ordered to pay up to $700 million in total which works out to about $4-5 per person. I agree with you, but the gap between what you propose and the status quo is staggering.
- precommunicator 3y agoSo yeah, in this case Equifax would go bankrupt and other companies would get very valuable lesson to spend more money at security side of things. I see no issue here.
- ClimaxGravely 3y agoI don't want to get ahead of myself but currently that seems to be having an effect on Vancouver AirBnB's as we're starting to see craigslist posts like these : https://www.reddit.com/r/vancouver/comments/17t6tes/posted_on_craigslist_under_gigs_paying_people_to/ https://www.reddit.com/r/vancouver/comments/17t6tes/posted_o...