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The government should assign punishing penalties for leaks that scale with the quantity and invasiveness of the data, and help grow an insurance industry for pa
by vharuck 3y ago
The government should assign punishing penalties for leaks that scale with the quantity and invasiveness of the data, and help grow an insurance industry for paying those penalties. That way, the law dictates how "bad" leaks are with fines, and the insurers encourage/require best practices. Externalities become internalities.
- _heimdall 3y agoWouldn't assigning leaks a specific value and creating an industry to insure against it make it easier to weigh the relative risk of cutting corners and ignoring risk? If anything, an insurance policy for it allows the companies to externalize and distribute the fines.