This exactly. Data ought to be viewed as fissile material. That is, potentially very powerful, but extremely risky to store for long periods. Imposing severe penalties is the only way to attain this, as the current slap on the wrist/offer ID theft/credit monitoring is an absurd slap in the face to consumers as we are inundated with new and better scams from better equipped scammers everyday.
The current state is clearly broken and unsustainable, but good luck getting any significant penalties through legislation with a far-right government.
The current state is clearly broken and unsustainable, but good luck getting any significant penalties through legislation with a far-right government.