Re:FTC Takes Action Against GoDaddy for Alleged Lax Data Sec...
by pbhjpbhj on Wednesday January 29, 2025 @04:43AM
(#42863207)
Have the C-suite hand back their compensation above minimum wage for the last 3 years. Fine the company, all profits, or a percentage of global revenue (and pay that back to customers).
If the outcome of ignoring data security is to not make any money then companies will actually do something about it.
Penalities should push the company to the point of failing.
It's also disproportionate. If my email is leaked in the context of receiving treatment for a stigmatized disease, that's a lot worse than an MMORPG leaking my real name.
Maybe some penalty is necessary but $10k or above per user is disproportionate for the vast majority of people. A $50/person penalty with gradations for sensitivity of the information is going to work better in practice. If leaking an SSN is more expensive than an email or site-specific ID, corporations might stop using SSNs to identify people to reduce their exposure