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I don't like laws that state how something must be done. They stifle innovation. If you require encryption, companies will put in place the legally mandated e
by londons_explore 2y ago
I don't like laws that state how something must be done. They stifle innovation.
If you require encryption, companies will put in place the legally mandated encryption yet still not bother with other elements of data security. Your data is only as secure as the weakest link.
Instead make a financial penalty for the loss of user data. If companies are losing data too often, make the penalty bigger. Penalty so big that many companies claim bankruptcy instead of paying it? Require they take out insurance or a bond.
- londons_explore 2y agoSame with eg. electrical codes. Don't specify exactly how things must be wired. Instead just have a massive fine for the electrician when someones house burns down, and require them to take insurance to pay said fine. The insurers will then take care of making sure the people they insure are doing a decent job, and insurers will research ways to make things safer to reduce their exposure and as a competitive advantage. Said fines/insurance don't act as a drag on the economy, because they effectively are a tax on doing dangerous stuff, and other taxes can be reduced in tandem.