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2.9 billion hit in one of the largest data breaches ever — full names, addresses and SSNs exposed (www.tomsguide.com)

submitted 3 months ago by fmstrat@lemmy.nowsci.com to c/technology@lemmy.world

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[–] Telorand@reddthat.com 0 points 3 months ago

Oversight: I would add a mandatory security audit annually, that they have to pay for, and which occurs during a given quarter at random (so you can't "put on your best face" for a single day).

The security audit cost is partially subsidized if they agree to a second audit 6-9 months after the first (tax funded).

Accountability: I would add Prison time as a minimum penalty for the CEO and CIO, and the punitive damages must be a percentage of their profits (no flat rates), which is in addition to any compensatory damages awarded to plaintiffs. The penalty shall be used to help pay for future audits.