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by cmurf
2758 days ago
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I'm interested in a proposed value/penalty for individual and combinations of data. Even if it's a paper napkin approach. Full name, probably not worth even a penny? Full name plus address plus phone? $0.05? Passport number alone? I have no idea, maybe zero, but full name + address + phone + passport + social? Could that be worth a $2 per instance for a fine? What about direct compensation for the person whose information is leaked? I've read recommendations people should get new passports because such information can be used to track people's movements across borders
https://i94.cbp.dhs.gov/I94/#/history-search So what if the per instance is really worth $110 (base value to replace the passport)? If 100 million people are affected, that's $11 billion. Not including fine. The Starwood acquisition was $13 billion. In other words, it could nearly bankrupt the company, if it weren't for the success companies (and markets too, really) have had at shifting the burden of breaches away from the company, an effectively freeloading. |
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