Good point. I’m still wary of just assuming (if that’s what we’re doing here?) that old established organizations you’d expect to be secure are in fact secure. For example I would have expected credit rating agencies to be secure…
Mandatory reporting certainly helps IMO. Reporting should be mandatory for anyone handling PII.
Because banks have to report data breaches. Do you think every neighborhood Gas-N-Blow is publicizing, or even knows, that it's been hacked?