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I would like to make a wager on this law being ignored the first time Samsung or another chaebol violates it and is facing a fine equal to 10% of revenue. I can
by quickthrowman 2mo ago
I would like to make a wager on this law being ignored the first time Samsung or another chaebol violates it and is facing a fine equal to 10% of revenue. I can almost guarantee it, it’s a high enough fine to turn some low-margin businesses from profitable to unprofitable for the year and there’s no such thing as a secure computer system. The only way to guarantee compliance is to not store any data which isn’t exactly reasonable for some business models.
- draw_down 2mo ago[dead]
- buellerbueller 2mo agoMaybe those specific business models shouldn't exist, if they consistently risk harm to 3rd parties.
- google234123 2mo agoYou legally have to hold transactions for years yk as a business
- josephg 2mo agoThen secure your database? This stuff isn’t rocket science. You don’t even have to hold historical transactions online. It’s quite difficult for hackers to access a hard drive sitting in a drawer.
- someguynamedq 2mo agoBut not impossible
- google234123 2mo agoProbably a law targeted at foreign companies
- Retro_Dev 2mo agoI especially hope this holds true, because I don't want my information being leaked by anyone.
- Retro_Dev 2mo ago> there’s no such thing as a secure computer system Where is your source for this? It is entirely possible to make a secure computer system, though it does require effort. The article specifically mentions "up to" 10% and the fines applying to companies leaking data on purpose or through negligence. I doubt the fines will be nearly as high for a company that tries to secure a system (and thus prevents more leaks) rather than a company that does not try to secure a system (assuming that leaks will occur), if the same breach happens. Computers are deterministic (excluding cases where practically impossible cosmic ray events occur), so while we have the power to ensure system security, we should ensure system security. Heck, even just encrypting consumer information and protecting just the keys to this data would already decrease the effectiveness of many data breaches.
- deleted 2mo ago[deleted]
- aucisson_masque 2mo ago> Where is your source for this? It is entirely possible to make a secure computer system You can’t. You don’t need source for that, just common sense. Exploits are discovered every day, bugs happen, bad actors. You can do the best system, shit still happen. BTW you want a source ? Remember when the freaking CIA data got leaked ? Edward Snowden, ring a bell ? If the cia couldn’t prevent it, I bet you can’t.
- askonomm 2mo agoSeeing the sheer level of incompetence in the U.S government, I don't think citing CIA has the intended effect you think it has.
- aucisson_masque 2mo agoCIA in 2000’s wasn’t yet under trump government and even then, they are still one of the most secure organizations. Trump or not, everyone think of them as highly secure.
- bigfatkitten 2mo agoThe South Korean privacy regulator is the most diligent that I’ve ever seen in terms of slapping companies with fines when they screw up.