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> a fine of $1000 paid to each individual per leak would be a good starting point They would just fold the company and start another? Most data brokers do not
by robertonoa 2y ago
> a fine of $1000 paid to each individual per leak would be a good starting point
They would just fold the company and start another? Most data brokers do not have 3 trillion dollars.
- dmitrygr 2y agoSome people will still get some money. And spinning up a new company still has costs. However, this is precisely why this is the second-best option, after actual jail time for actual CEOs. Then they can fold whatever they want in their prison cells
- Gibbon1 2y agoCan make the board personally liable.
- tithe 2y agoCan't you do this via class action seeking to demonstrate negligence?
- csdreamer7 2y agoAt best the fees class action lawyers would charge would change that $1000 into $0.10. I already pay taxes; why not have the government do their job and protect my digital information and fine the companies and their executives so they learn to care about it. The government allows the corporate barrier to be pierced if employee salaries are not paid.
- Gibbon1 2y agoPersonal liability tends to get board members attention. Stuffed down the memory hole. Before Reagan board members were liable for unpaid non exempt wages. If a company went bankrupt owing hourly workers back wages the bankruptcy court could liquidate the boards assets.
- gagagaga7 2y agoThey will need to be insured for that amount then. Can’t afford to insure against that liability? Can’t legally operate.
- dcist 2y agoAgree with this. An insurance requirement would solve this problem. It would also incentivize robust security audits by the insurance companies and the data collectors.