Once enforcement is involved, it isn't a kids game anymore. They will dig and dig until they get to the bottom of this. I hope they make their findings public...
The SEC put a grand total of zero people in jail for the financial crisis. The SEC put a grand total of zero people in jail and fined Wells Fargo 22 hours worth of revenue after they blatantly committed fraud and stole from nearly every customer they had FOR DECADES.
Why on earth do you think they will start being effective at enforcement, now, all of a sudden, in 2019?
They also didn't put any individual home owners in jail for falsifying mortgage documents. They had the upside available and simply filed for bankruptcy.
Yeah those damn poor people falsifying all those documents, that was the real problem all along! Can you believe some poor people even have running water and electricity?!?! The gall of these people is beyond the pale.
Find better websites to read, don't repeat this nonsense.
This might go down as the first time in US history that a company was seriously punished for a data breach - are there any other examples of a very serious enforcement agency like the SEC biting down on something like this?
>they’ll have bought class action insurance and paid less than half that themselves
Are we really at the point where we are angry that companies buy insurance to protect themselves from things going wrong? Maybe we should just bankrupt every company that has a data breach or other mishap. Bring it up with your employer, see what they think.
Can someone shed some light on why it’s reported that 885 million documents where exposed, yet only “32 consumers” had their personal information accessed?
Are they saying that millions of documents were theoretically available, but only a very small subset accessed?
When are companies going to learn that data is very much a burden that cannot ever be guaranteed to be "secure"? I really want governments to legislate heavy penalties for data breaches to help solve this.
