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We don’t need legislation, just dramatically increased penalties for a breach. Now insurance premiums drastically increase unless you’ve done x, y, z. I’m not
by lll-o-lll 2y ago
We don’t need legislation, just dramatically increased penalties for a breach. Now insurance premiums drastically increase unless you’ve done x, y, z.
I’m not all “free market solves it all”, but it definitely works well at balancing money through the system. We just haven’t correctly priced a data-breach.
- sopooneo 2y agoExactly. At $500 or $1000 per record, PII starts to look highly radioactive. Companies would be avoiding it's collection with a passion. And those that had to hold it would be compelled to do so less stupidly.